Samsung S10 crypto wallet

[o_e_l_e_o]

The market already reacted to this news, Enjin Coin just made a huge jump.

Wow, you weren't kidding. From 3.6 cents to 10 cents in 24 hours. Especially considering it's had 24 hour volumes as low as $200,000 over the last few weeks. Some bag holders just had a very nice surprise.

I've never heard of the coin or the wallet - are they intrinsically linked? Does the wallet use the coin for anything in particular? Does Samsung using this wallet mean the coin is going to see more use, or is this pump all just "jumping on the bandwagon", as it were?

[HeRetiK]

I've never heard of the coin or the wallet - are they intrinsically linked? Does the wallet use the coin for anything in particular?

Enjin wallet appears to be the official reference wallet for Enjin Coin as both are developed by the same team. The way I understand it ENJ strives to tokenize digital ingame-assets so I assume that's what the wallet enables -- ie. exchanging ingame-assets between players and maybe even across games. Which is also why it makes sense to target the mobile market in particular. It sounds nice in theory but I'm honestly not quite sure what to make of it.

Does Samsung using this wallet mean the coin is going to see more use, or is this pump all just "jumping on the bandwagon", as it were?

Now that's the 21 million Bitcoin question, isn't it?

[StartupAnalyst]

Samsung still shared some details about its cryptograph on MWC. Galaxy S10 supports Bitcoin, Ethereum, Enjin and Cosmo Coin. The latter is a small Korean project for the purchase of cosmetics.

[KingZee]

and Cosmo Coin. The latter is a small Korean project for the purchase of cosmetics.

That's one way to pump a coin.

[gentlemand]

Samsung still shared some details about its cryptograph on MWC. Galaxy S10 supports Bitcoin, Ethereum, Enjin and Cosmo Coin. The latter is a small Korean project for the purchase of cosmetics.

Those endorsements are plain weird. I'd love to know how all that came about.

We've also yet to see much or any mention of this system in non Korean phones. Enjin and Cosmo are pure S Korea. Might it be Korea only?

[HeRetiK]

Samsung still shared some details about its cryptograph on MWC. Galaxy S10 supports Bitcoin, Ethereum, Enjin and Cosmo Coin. The latter is a small Korean project for the purchase of cosmetics.

Those endorsements are plain weird. I'd love to know how all that came about.

We've also yet to see much or any mention of this system in non Korean phones. Enjin and Cosmo are pure S Korea. Might it be Korea only?

It kinda makes sense for a South Korean company such as Samsung to get in touch with South Korean cryptocurrency projects such as Enjin and Cosmo. That doesn't necessarily mean that they will release this function in Korea only.

[gentlemand]

https://www.newsbtc.com/2019/03/06/samsung-galaxy-s10-bitcoin-ethereum/

The S10 wallet will ship as Ethereum only according to this. No indication as to whether they'll add Bitcoin or not.

How jolly unusual but all of their choices so far have been on the offbeat side.

[anks]

https://www.newsbtc.com/2019/03/06/samsung-galaxy-s10-bitcoin-ethereum/

The S10 wallet will ship as Ethereum only according to this. No indication as to whether they'll add Bitcoin or not.

How jolly unusual but all of their choices so far have been on the offbeat side.

i see this is the only one video where it has been said that it is eth only.

[gentlemand]

i see this is the only one video where it has been said that it is eth only.

I remember the pre announcement wallet leaks only showing ETH as well.

https://www.theverge.com/2019/1/23/18194896/samsung-galaxy-s10-leak-hole-punch-display-blockchain-keystore

I'd be surprised if this was the case, but also strangely unsurprised too. They'd be inconveniencing potential users without it but I can't see many people buying the phone just for crypto.

[gentlemand]

It kinda makes sense for a South Korean company such as Samsung to get in touch with South Korean cryptocurrency projects such as Enjin and Cosmo. That doesn't necessarily mean that they will release this function in Korea only.

https://www.reddit.com/r/Bitcoin/comments/ayven2/samsung_phone_does_not_have_blockchain_keystone/

This pisspoorly titled thread is saying they're not seeing the wallet function is not installed on a phone delivered to a non S Korean.

[o_e_l_e_o]

This pisspoorly titled thread is saying they're not seeing the wallet function is not installed on a phone delivered to a non S Korean.

I saw that too. Other threads popping up (such as here and here) which seem to confirm no wallet in US, Canada, Australia, Europe or Thailand. At the moment, it seems to be a Korea exclusive. There are some reports in other threads (such as this one) which suggest that the wallet is visible on the store, just not yet downloadable, and will be released in the future. Although it's a little concerning that even Samsung support doesn't seem to know what's going on with it.

[stanlee2018]

https://twitter.com/mweinbachxda/status/1088102644386881537?s=21

https://www.trustedreviews.com/news/samsung-galaxy-s10-will-hand-cryptocurrency-massive-boost-2019-3649742

Who knows whether this is the real deal or not but there've certainly been enough rumbles about this over time.

I presume there must be some sort of secure element in there. Going on their track record of rapidly getting bored of updating their products, have they truly thought this through? This isn't just another shitty app. There might be a lot of user money on the line.

Now it has been proved they do support cryptocurrency. But I don`t know why they only support ETH. Bitcoin community is huge, and those days lightning network is booming. Personally, I thought all phones shall support lightning network. To prepare for the coming future .

[gentlemand]

Now it has been proved they do support cryptocurrency. But I don`t know why they only support ETH. Bitcoin community is huge, and those days lightning network is booming. Personally, I thought all phones shall support lightning network. To prepare for the coming future .

Everyone has their own vision of where it's going. I can imagine that Samsung imagine it's going to integrate with the social media accounts of their users hence the inclusion of that Cosmocoin thing. You fire up the phone, enter your accounts and the wallet is ready to start playing with them.

Anyway it looks like the wallet availability is confirmed as territory dependent. Some aren't offered the option at all - https://www.chepicap.com/en/news/8103/does-the-samsung-s10-come-pre-installed-with-a-crypto-wallet-or-not-.html

[gentlemand]

https://coinscribble.com/how-to-use-the-samsung-galaxy-s10-crypto-wallet/12606/guide/47/

Here's a rundown on the wallet. Still no mention of BTC so it seems like it's no part of the wallet at all, just ETH and a few of its children. It looks more fully featured than I was expecting.

[Pmalek]

That is a very unusual choice of coins/tokens to include in the wallet. I wonder why there is no support for Bitcoin?! According to the source you provided they will include:

Ethereum
TrueUSD
BAT
Reputation
Revain
ChainLink Token
Paxos Standard
Maker
USD Coin
Pundi X Token
BNB
CosmoCoin
OmiseGO
Populous
ZRX
Enjin Coin

No support for Stellar, EOS, Monero and many other useful alts.

[gentlemand]

That is a very unusual choice of coins/tokens to include in the wallet. I wonder why there is no support for Bitcoin?! According to the source you provided they will include:

They're all nothing but ETH tokens. They obviously couldn't see past that. That seems like a very strange decision to me as ETH is big but not THAT big. Perhaps they believe it's going to take over the world and anything else would be a waste of their time. I think it's ultimately a dead end myself.

[HeRetiK]

That is a very unusual choice of coins/tokens to include in the wallet. I wonder why there is no support for Bitcoin?! According to the source you provided they will include:

They're all nothing but ETH tokens. They obviously couldn't see past that. That seems like a very strange decision to me as ETH is big but not THAT big. Perhaps they believe it's going to take over the world and anything else would be a waste of their time. I think it's ultimately a dead end myself.

Short of having stakes in these tokens my guess is that they simply wanted to take the easiest route of adding as many currencies / tokens as possible with minimal effort. With this goal in mind Ethereum is a rather sane choice. Especially since they already went for Enjin and Cosmo Coin -- presumably due to their dev teams also residing in South Korea -- it makes sense to go for other, more popular tokens as well.

At this point I'd usually dismiss Samsung as half-heartedly jumping the bandwagon, however their earlier plans of getting involved in the production of Bitcoin ASIC miners (whatever the current state may be) makes me think that they might be actually serious about crypto and are still in the process of getting their feet weet.

[gentlemand]

At this point I'd usually dismiss Samsung as half-heartedly jumping the bandwagon, however their earlier plans of getting involved in the production of Bitcoin ASIC miners (whatever the current state may be) makes me think that they might be actually serious about crypto and are still in the process of getting their feet weet.

The mining thing was just a contracted chip job. They don't give a shit what they're making as long as it makes money. They get fed the design, churn it out, bank the money. All they did was the physical creation.

That's a good point about the path of least resistance. They could've wasted an awful lot of time dicking around with all the varying crap that's out there. But BTC will be simpler and much more in demand. We shall see if they add it.

[Adriano2010]

This is good that Samsung phone have a crypto wallet, but i will not pay so much for a phone, never, i think this phones are so much extra evaluated and not worth so much money.

[whotookmycrypto]

Interesting article on the Samsung S10 phone getting hacked by bypassing fingerprint recognition: link

This certainly isn't a new development since it has already been shown that 3D printed faces can be used to bypass facial recognition (link).

Seems like an easy way to avoid getting compromised is to just switch to using a pin.