Samsung S10 Embedded with Cryptocurrency wallet

[xWolfx]

I don't think it would have any negative impact. On the contrary, such a well-known company as Samsung enjoys trust among people and their support for cryptocurrency can have a great impact on the development of cryptography.

Besides possible security issues i agree that it won't have any negative impact.

On the contrary, it will be really good since Samsung sells a lot of phones per year and most people will look at the wallet and wonder what is it for? - That way some of them will research or ask a friend.

Then the friend and them can ask or the friend ask another friend and the word is spread. Some people say that there's no such thing as bad advertising.

[Naida_BR]

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/

Even if it is not true and it is just a rumor, it gives a positive impression to the people that are outside the cryptocurrency community that Bitcoin and other crypto assets are here to stay. Nothing is a bubble, and huge corporations try to take advantage over their competitors by integrating crypto wallets and other apps that are related to the blockchain and cryptocurrency industry.

[kurian]

What is the advantage of embedded cryptocurrency wallet when we can download any wallet to our phones? Are there any special features in there? I don't see anything innovative here but, I am sure that it will get a good reach for cryptocurrency to many people. Because Samsung is a popular mobile brand. So, I guess it will lead to more Bitcoin adoption than now.

[gabbie2010]

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/

Even if it is not true and it is just a rumor, it gives a positive impression to the people that are outside the cryptocurrency community that Bitcoin and other crypto assets are here to stay. Nothing is a bubble, and huge corporations try to take advantage over their competitors by integrating crypto wallets and other apps that are related to the blockchain and cryptocurrency industry.

Definitely this will create more awareness about bitcoin to outsiders, of course more enquiries will made by owners of those phones on the possible use of those wallets thus bringing in more adopters of bitcoin.
More so other phone manufacters will also follows suit the step taken by Samsung to also incorporates wallet features in their latest phones invariably bringing bitcoin into more limelight.

[incomefromcoins]

Samsung s10 is a game changer from cryptocurrency wallet Samsung wallet is real mass adoption for crypto we are going to see in the future

[antisocial77]

If we herad big news like that before, market would pump or bad news would dump.i see that news doesnt effect the market anymore which is very interesting

[Kemarit]

Samsung s10 is a game changer from cryptocurrency wallet Samsung wallet is real mass adoption for crypto we are going to see in the future

You don't need to wait, as Samsung Developing Ethereum-Based Blockchain, May Issue Own Token. So they are now looking at developing their own token, called Samsung Coin. Will this bring mass adoption? 50-50 for me, their wallet integration doesn't support Bitcoin though, it's all altcoins so I don't know if this could be considered as factors for the global adoption that we all have been wanting for. Yes, their wallet is a game changer, but the effect is far greater if they would include Bitcoin.

[maydna]

What is the advantage of embedded cryptocurrency wallet when we can download any wallet to our phones? Are there any special features in there? I don't see anything innovative here but, I am sure that it will get a good reach for cryptocurrency to many people. Because Samsung is a popular mobile brand. So, I guess it will lead to more Bitcoin adoption than now.

Yes, you are right. If we cannot get special features except embedded cryptocurrency wallet, I think it's better for us to buy another mid-end of the android phone which have a low price too. But yes, that will lead to the adoption process from the android because we know that the android phone becomes a primary thing for many people.

I hope that Samsung will realize about this so they can give another feature than just adding cryptocurrency wallet inside the phone because that will help Samsung become a pioneer in the cryptocurrency.

[Fredomago]

I don't think it would have any negative impact. On the contrary, such a well-known company as Samsung enjoys trust among people and their support for cryptocurrency can have a great impact on the development of cryptography.

Having an established name inside the market and gaining people's trust with their business, I think also that this actions will motivate more people to entertain cryptocurrency, with this built in wallet anyone who purchased the phone will automatically have the privileged to learned about this new feature, interest will be there and possible investors will comes up.

[monalia]

If we herad big news like that before, market would pump or bad news would dump.i see that news doesnt effect the market anymore which is very interesting

It is just a wallet adoption on Samsung mobiles dude. It will never impact bigger in the marketplace. When there is the marketplace growth bitcoin's price fluctuation is the result for it, but we need to know the reasons for the current bump in the market.
Is it happening because of this phone's adoption. Nope...
Unlikely, fake news are arising against the bitcoins potential we should not believe it.

[swandi88]

A great news for cryptocurrencies.One of the biggest company in the world supports cryptocurrencies providing a wallet with their latest device.So thats means they are hope there will be future with cryptos. They want to get the lead.Why they wouldn't? There are millions of crypto users.That's mean more more marketplace for them all round world.

[Japinat]

A great news for cryptocurrencies.One of the biggest company in the world supports cryptocurrencies providing a wallet with their latest device.So thats means they are hope there will be future with cryptos. They want to get the lead.Why they wouldn't? There are millions of crypto users.That's mean more more marketplace for them all round world.

There are rumors that they will have their own crypto coin, that should be worth a billion dollar marketcap like the major coins.
I'm excited for that time to come, it's gonna be facebook coin and samsung coin in the market, hope more major companies to come and adopt in the market.

[stompix]

What is the advantage of embedded cryptocurrency wallet when we can download any wallet to our phones? Are there any special features in there? I don't see anything innovative here but, I am sure that it will get a good reach for cryptocurrency to many people. Because Samsung is a popular mobile brand. So, I guess it will lead to more Bitcoin adoption than now.

The emphasis is on security.
You don't download a 3rd party wallet that can be compromised or hijacked and you don't have to care about the security behind the app servers that can push a malicious update to your phone.
In this aspect the Samsung embedded wallet is more secure, it's not impenetrable or bulletproof but it is better than an app.

Other than that...nothing special and it won't lead to any BTC adoption as is doesn't support BTC
Not that anybody cares to read the full news anymore...

[emberbekas]

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/

It can increase public awareness about the existence of crypto currencies and of course, more and more people could join into the crypto world. It is a good form of marketing and hopefully there will be more big companies that emulate the steps of Samsung.

[TravelMug]

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/

It can increase public awareness about the existence of crypto currencies and of course, more and more people could join into the crypto world. It is a good form of marketing and hopefully there will be more big companies that emulate the steps of Samsung.

But the hype had died down already and we can't even weight if it indeed bring crypto closer to the masses. And as far as I know those crypto's who's initially supported in the initial release had a good run, unfortunately since the hype goes down, so is the price.

Emulating? I don't know, most smart crypto investors would only put small amounts of their coins in a wallet, because it is not secure, much better to invest in a hardware wallet than a expensive mobile phone.

[incomefromcoins]

Samsung s10 is the first mobile phone to take cryptocurrency to mass adoption and more competitors will also launch cryptocurrency to general public

[Anonylz]

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/

~
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
~

Especially for number 3, assuming that one's  phone is a rooted phone which might affect the IMEI (happened to me quite few times where my IMEI went missing) and I might need to reconfigure it where it assigns my IMEI randomly just to get me started in using my mobile network carrier.
It is convenient to have a phone but the convenience becomes an exploit for hackers to gain access to your phone such as untrusted networks when you connect to some free Wi-Fi nearby.

I don't think anyone with sound knowledge of how vulnerable a rooted phone is would risk rooting his/her phone with an embed wallet in it, except of course the user done intend to make use of the wallet to store funds, otherwise that will be a very bad idea to root such phone,
this move by samsung will somehow increase the awareness about crypto hopefully, i know many more mobile phone companies will want to emulate Samsung.

[samputin]

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

Actually, it was mentioned on the article that it supports different kinds of cryptocurrency though ETH is the only one stated.

Anyway, this is a good thing for the crypto community. Having a well-known company embrace crypto will surely influence the people into being engaged here as well. However, there are several problems or holes seen on their new feature—security, primarily. It must be addressed so that everything will run smoothly and conveniently for their users.

[Ray55]

Why only Samsung? I want all mobile brands to bring these features. In this case, all people will be able to become more aware of cryptocurrency. I thank the Samsung company for thinking so well about cryptocurrency. For having such a beautiful feature. I'm going to buy a Samsung S10 soon...

[n0ne]

Why only Samsung? I want all mobile brands to bring these features. In this case, all people will be able to become more aware of cryptocurrency. I thank the Samsung company for thinking so well about cryptocurrency. For having such a beautiful feature. I'm going to buy a Samsung S10 soon...

By now the usage of cryptocurrencies around the globe is not that high, also corporates won't find it a way to establish their business. Very few believe in the technology and one among that is Samsung. With its development of inbuilt cryptocurrency Wallet Samsung has made its entry to the cryptocurrency network in a stronger manner. Looking upon the growth of bitcoin can expect more companies similar to Samsung start their development relative to cryptocurrency.