South Korean smartphone giant Samsung unveiled its long-awaited Samsung Galaxy S10 on Wednesday, and crypto investors waited with breathless anticipation to learn whether the S10 would feature an integrated crypto wallet.
Samsung confirmed today that it has integrated “Samsung Knox” into the S10, a feature which uses hardware security to store private keys for blockchain applications, including – presumably – cryptocurrency. Developers will be able to make use of the feature in creating hardware wallets via software. Anyone who owns an S10 will essentially have a hardware wallet.
“Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
However, it’s not clear at this time whether the device will feature a full-scale wallet developed by Samsung – as had been rumored – or whether it will merely have support for private key storage that developers can then use to produce their own secure bitcoin wallets.
CCN previously reported that a Samsung insider leaked photos allegedly depicting a Galaxy S10 with a native crypto wallet. That prototype device only supported storage for ethereum, though the wallet graphics included bitcoin images as well.
The Galaxy S10 is said to feature an Exynos 9820 chip with PUF technology, which IT expert Han Ho-hyeon said would be an ideal processor for native cryptocurrency wallet.
“PUF technology has been added to the Exynos 9820 revealed by Samsung Electronics last year and if the Galaxy S10 features a blockchain-based crypto wallet, the probability of Samsung Electronics utilizing the PUF is very high.”
More specifically, the Exynos 9820’s use of PUF would greatly enhance private key security over standard third-party mobile crypto wallets.
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
The country’s Minister of the Economy and Finance, Bruno Le Maire, said in new comments that Libra threatens the “monetary sovereignty” of governments
The largest crypto exchange by volume is making its U.S. debut next week.
The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday.