Samsung S10 Embedded with Cryptocurrency wallet

[bellamente]

If the cryptocurrency wallet will be in the standard installed applications on the smartphone, this will help to make the cryptocurrency even more famous. In the future, smartphones should have a high degree of protection, since all money is stored on a smartphone

[Muzika]

Since the risk of having a cryptowallet is very high I can see it still a good start for cryptocurrency, everything will start at the bottom until they reach the peak of success and it is not impossible with the modern technology it will be having an improvement and soon the risk will be lessen or it will be taken away.

[bitbunnny]

If the cryptocurrency wallet will be in the standard installed applications on the smartphone, this will help to make the cryptocurrency even more famous. In the future, smartphones should have a high degree of protection, since all money is stored on a smartphone

I'm sure that with time wallets will become standard applucations. Smartphones companies closely watch the market and the trends and they don't want to stay behind. They are very well aware that many of their customers are involved in cryptocurrencies and they want high end service.
It's true that this is also security issue but I think mobile phone protection is developing very fast because it's necessary to achieve certain standards. We are having our lives stored on mobile phones, not just crypto wallets, and that requires extremely high level of protection embeded in phones but also very high level of user awareness and self protection.

[flemming_s]

Just a marketing ploy to appease those who know about Bitcoin and other cryptocurrencies.
Well, and the move for the future, if again there is a stir about Bitcoin.

[talkbitcoin]

a cryptocurrency wallet doesn't really belong on your cell phone, specially if it comes pre-installed. you usually want to keep your coins in cold storage specially since nothing apart from bitcoin has any other usages in the real world so there is no point in for example carrying around your NEO, or ETH or something like that in your phone!
if they only limit it to bitcoin then there is no point in their wallet since we already have other android wallets like Electrum which are more trusted.

[peter0425]

a cryptocurrency wallet doesn't really belong on your cell phone, specially if it comes pre-installed. you usually want to keep your coins in cold storage specially since nothing apart from bitcoin has any other usages in the real world so there is no point in for example carrying around your NEO, or ETH or something like that in your phone!
if they only limit it to bitcoin then there is no point in their wallet since we already have other android wallets like Electrum which are more trusted.

Correct, that's why I find it funny people commenting that its going to be good. I mean you always have your phones in your wallet with your money in it so its already compromise because I'm sure majority of us are going online with our smart phones, and there's also the risk of malware attack.

[cfif123]

Since the risk of having a cryptowallet is very high I can see it still a good start for cryptocurrency, everything will start at the bottom until they reach the peak of success and it is not impossible with the modern technology it will be having an improvement and soon the risk will be lessen or it will be taken away.

wow, Samsung is getting closer to bitcoin, I think all crypto wallets have been installed, not just Samsung S10.

[maemunah]

a cryptocurrency wallet doesn't really belong on your cell phone, specially if it comes pre-installed. you usually want to keep your coins in cold storage specially since nothing apart from bitcoin has any other usages in the real world so there is no point in for example carrying around your NEO, or ETH or something like that in your phone!
if they only limit it to bitcoin then there is no point in their wallet since we already have other android wallets like Electrum which are more trusted.

Correct, that's why I find it funny people commenting that its going to be good. I mean you always have your phones in your wallet with your money in it so its already compromise because I'm sure majority of us are going online with our smart phones, and there's also the risk of malware attack.

in my opinion Samsung is more advanced than other smartphones because Samsung is more advanced in the field of financial management in today's technology and I think Samsung can beat Apple in the near future

[kucritt]

is that true? i think it will be good when the newest smartphone with high hype have the configuration with cryptocurrency wallet, i think the popularity of bitcoin will increase because of this.

[baghdatis1990]

       I think the impact on cryptographic markets will be a positive one. Being very many owners of Samsung phones, they will know the crypto market and will want to join his cryptocurrency. Thus there will be a community on the crypto market much larger, which will contribute to the recovery of the market. The disadvantage is the exaggerated cost of the gadget.

[audaciousbeing]

Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

As much as the advantages abound because of the default nature of what its going to come with the phone, the point of discussion is the end users. I don't see this going anywhere though or say reach the amount of impact the proposers of this project will get because of certain reasons:

An average phone users does not get to use to the maximum the default app on the phone without adequate information. Even application that are not crypto related are still having low patronage compared to this. When the end users don't know about crypto, the app would just be one of those "unnecessary" apps on the phone.

Another reason is I don't see someone who is exposed to the various reputable wallets now giving that up for an app like this because knowing the anonymity part becoming a thing of the past is enough to consider other options.

[Firefoxx]

I saw this news a while ago and I noticed that the wallet only seems to accept Ethereum for now, this is a great stride and would help expose Cryptocurrencies to a wider range of people especially Ethereum.

[ChangeNOW]

a cryptocurrency wallet doesn't really belong on your cell phone, specially if it comes pre-installed. you usually want to keep your coins in cold storage specially since nothing apart from bitcoin has any other usages in the real world so there is no point in for example carrying around your NEO, or ETH or something like that in your phone!
if they only limit it to bitcoin then there is no point in their wallet since we already have other android wallets like Electrum which are more trusted.

Correct, that's why I find it funny people commenting that its going to be good. I mean you always have your phones in your wallet with your money in it so its already compromise because I'm sure majority of us are going online with our smart phones, and there's also the risk of malware attack.

Doesnt matter - the s10 is going to expose millions of people to crypto, which is insanely good. Adoption, man!

[Ultimist]

Samsung is quite a successful and popular company. Therefore, I think that such news can have a positive impact for crypto. This suggests that it is developing and it is very cool.

[xWolfx]

Negative because of
1. Security 1. Validation risk: who programmed the wallet? Where is the source code?
2. Security 2. surface of attack. Embedding the wallet directly on the phone greatly improves the surface of attack of potentially malicious attacker.
3. Privacy. Embedding a wallet in a phone link my wallet to my IMEI, that is linked to my identity. That phone comes with an embedded KYC
4. Personal security. Hanging around with such a phone signals you are interested in crypto. So you are exposed to physical attack. Even if you don’t actually hold any crypto in the wallet you are exposed to such a risk. (here an always relevant XKCD strip: https://xkcd.com/538/)

Instead I cannot think of a single advantage of carrying such a phone, instead of a regular phone with an open source app installed (second best, apple with a well known wallet)

Other than the security issues the phone with an embedded wallet is pretty good for one thing: Advertising.

Samsung is a pretty well known brand and anything they say they do will be seen by a lot of people around the world and of course we cannot forget that the best way of advertising is the references people gives to each other when they find something they like and/or talk about what something really does and how.

It's an interesting start, however it needs to be improved a lot just like any new thing.

[lutfi-hasan]

Samsung is quite a successful and popular company. Therefore, I think that such news can have a positive impact for crypto. This suggests that it is developing and it is very cool.

Wow, I am very happy to hear this good news, because I know that Samsung is a very good Smartphone company in the world, so with the S10 model that will be embedded in the Crypto Wallet will make Bitcoin more popular and have a good impact on prices. hopefully.

[miropp]

That's good news. I think that this is also a good PR for Samsung, because users of crypto has now become quite a lot and they will choose them.

[allthingsluxury]

Any further spread and acceptance is a good thing in my mind. I like it.

[Jating]

Second, if the phone is expensive, then why not get a hardware wallet which prices around the $100-$300 only?
Also I consider it not safe, because your phone will be always online so the risk is there, just saying.

But that aside, what is troubling me most is...
ETH support only??? WTF?

See, it makes me more even skeptics about this so called news from Samsung. ETH support only? I don't understand it as well, do they think they can attract potential crypto customers by just having ETH only? Or are they just afraid supporting bitcoin wallet because of the risk and the negative connotion if ever a hack happens using their touted crypto wallet? hmmm.

I'm not a fan of Samsung anyways.. 

[tetyulfania]

Wow fantastic when have mobile phone support for bitcoiner, we have buy Samsung S10 and will be easy as bitcoin or altcoin member because could embedded cryptocurrency wallet, we hope will have many mobile phone will support for bitcoin and altcoin at the future.