Samsung’s cryptocurrency wallet adds Bitcoin support

by Osiris Team


Posted on Aug. 15, 2019, 11:14 a.m.
Adoption Development
Time to read: 2 min
BTC

As first reported by The Block, the company’s cryptocurrency wallet now seemingly supports the Ethereum network, as well as bitcoin and Kakao’s native Klaytn blockchain. The South Korean tech giant didn’t issue an official announcement, which could mean in the future it’ll add support for more cryptocurrencies in a similar way.

The support is, however, limited to a few mobile devices in its range. Currently, Samsung’s flagship devices, the Galaxy S10, S10+, S10 5G, and S10e, as well as the newly launched Note 10 and Note 10+, have the cryptocurrency wallet.

Samsung's website listing crypto support

The Blockchain Keystore is also restricted to only seven countries – Canada, Germany, South Korea, Switzerland, Spain, the United Kingdom, and the United States. Samsung’s website notes in a frequently asked questions section that other devices aren’t able to simply install the Blockchain Keystore, not even through its Galaxy app store. It reads:

Samsung Blockchain Keystore is preloaded on selected devices only. If your device is not supported, then you won’t be able to find it in the Galaxy Store either.

The South Korean giant has, however, revealed it’s set to add its cryptocurrency wallet to budget Galaxy smartphones in the future. Samsung first filed a trademark application for a crypto wallet in December of 2018 and has since been slowly entering the crypto and blockchain space.

In April of this year it invested $2.9 million in cryptocurrency hardware wallet startup Ledger.


Related links:
Source
Like and comment it on:

More cryptocurrency news

Latest news

Wells Fargo pilots a dollar-pegged stablecoin for internal use

US financial giant Wells Fargo is developing a US dollar-linked stablecoin that will run on the firm’s first blockchain platform. The so-called Wells Fargo Digital Cash is planned to facilitate internal cross-border settlements


Adoption Development
All

Sept. 17, 2019, 4:30 p.m.

France will not tax crypto-to-crypto trades

French economy minister Bruno Le Maire has stated that crypto-to-crypto trades will be tax-exempt, according to a report by Bloomberg.


Regulatory
General

Sept. 16, 2019, 3:13 p.m.

France to block development of Facebook’s Libra, says minister

The country’s Minister of the Economy and Finance, Bruno Le Maire, said in new comments that Libra threatens the “monetary sovereignty” of governments


Adoption Development
LIBRA

Sept. 13, 2019, 9:34 a.m.

Binance US plans to begin onboarding customers next week

The largest crypto exchange by volume is making its U.S. debut next week.


Alerts Development
General

Sept. 12, 2019, 12:44 p.m.

Gemini launches custody product with 18 cryptos including Ethereum tokens

The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday.


Development
All

Sept. 11, 2019, 1:44 p.m.

Follow us