With the launch of the Samsung Galaxy S20, the technology company follows the crypto trail, trying to bring Blockchain closer to more people.
The security system of the new Samsung Galaxy S20 phone includes a new “secure processor dedicated to protecting your PIN, password, pattern and private key Blockchain“. This was announced by the company according to information provided by the Coindesk media.
The source added that cryptocurrency private key storage will be available as standard across the entire S20 range. It is expected to go on sale on March 6.
We create a secure processor dedicated to protecting your PIN, password, pattern and private key of Blockchain. Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data is kept private.
The Samsung Galaxy S20 is crypto friendly
The South Korean company launched the S20, S20 + and S20 Ultra models. All are enabled for 5G and will be built on the old cryptocurrency and Blockchain facilities of the Galaxy S10, according to Forbes report.
Introducing the brand new product recently, the Korean tech giant said the reference to private keys suggests that the firm’s new model will continue to have the same cryptocurrency storage facilities as in previous models. This, although Samsung gave more space on its website to improved capabilities such as battery life and image capture.
Samsung first added support for cryptocurrencies in March 2018, when it integrated a wallet device into its top model, the Galaxy S10. In July, the company introduced a developer kit that allowed third parties to create specially designed dapps for the phone. One of those applications allowed users to pay for goods and services in stored cryptocurrencies by scanning a merchant’s QR code.
At the time of launch, the wallet was only compatible with the ether and ERC20 tokens, but Samsung added support for bitcoin in August and then included support for other cryptocurrencies. Although initially it was exclusive to the S10 range, the company said in May that it wanted to “reduce barriers” and add cryptocurrency support for some of its cheaper models.
A solid product
In view of the community of cryptocurrency users, the ad looks like a step in the right direction, showing a more solid product and distancing itself from the experimental aspect presented in the first version of the wallet incorporated into it.
All features at the usability level in the Blockchain ecosystem are similar in all presentations and vary in terms of hardware.
Taking into account that in addition to Bitcoin, there are thousands of other cryptocurrencies, with a number that is increasing despite the difficult past of many projects, the incorporation of compatibility with this technology was something to be expected, sooner rather than later.
Bringing crypto to the masses
As indicated by the Currency medium, Samsung’s new range of S20 smartphones brings cryptography to the average user, which could result in an even more widespread adoption of digital currencies.
When Samsung launched its Keystore Blockchain last year, it said the application would give users control over the private keys used to protect their cryptocurrency wallets, as well as their Blockchain transactions. Not available for S10 owners everywhere.
The new phone line will provide storage for Bitcoin, Ethereum and other digital currencies, according to the company’s developer website.