Samsung’s new flagship smartphone to have the same crypto support

Samsung’s new flagship smartphone to have the same crypto support

  • Ali Raza
  • 19th February, 14:39
  • Korean tech giant, Samsung, recently revealed that its new S20 range will keep the support for digital currencies, which it originally introduced in S10.
  • The company did not dedicate a lot of attention to the crypto storage facilities in its announcement, but it did mention that they will be better protected.
  • The decision comes after last year's announcement that the company wants to 'lower barriers' and add crypto support to other models, many of which are to be budget solutions.

Samsung made the news back when it unveiled that its smartphones will come with crypto storage facilities, and according to the Korean tech giant, they plan to keep the same support for crypto in new models, as well. The company recently revealed its Samsung Galaxy S20 range, stating that the security system now features a new secure processor that will protect users’ passwords, PIN numbers, pattern, as well as Blockchain Private Key.

The company dedicated a lot more attention to the new S20’s improved picture-capturing capabilities, battery life, and similar aspects. However, mentioning the private keys and blockchain technology hints at the company’s decision to stand by its previous choice and keep the cryptocurrency storage facilities.

In fact, it would appear that the crypto storage will remain as a standard feature within the entire S20 range.

Samsung’s addition of crypto support seems to have been a success

Originally, the company added crypto support around two years ago, in March 2018. Back then, Samsung added a wallet into its top model at the time, S10. A few months later, in July, Samsung also created a developer kit, that allowed developers to create dApps for its smartphones. One of the more popular dApps allowed its customers to use stored cryptos to pay for goods and services simply by scanning a QR code.

Originally, the wallet was only able to store and use ETH and ERC-20 tokens. However, Samsung was quick to add support for BTC a few months after that, as well as TRX only a month after bringing BTC on board.

The decision seems to have been an experiment at the time, as it limited crypto capabilities to S10 range only, at least for a time. Then, last May, the company revealed that it plans to add crypto support to other models, as well. Now, it seems clear that the S20 range is included in those plans, and it is expected to go on sale in a few weeks, starting on March 6th.

By Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications. Raza is the co-founder of 5Gist.com, too, a site dedicated to educating people on 5G technology.

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