Samsung is Adding Cryptocurrency Wallet to its Budget Phones

[Vladdirescu87]

The South Korean technology corporation Samsung announced its intention to build in a cryptocurrency wallet in a line of new budget smartphones, based on a prototype of Galaxy S10. The conglomerate has been actively popularizing blockchain and doesn’t seem to be stopping.

The Galaxy S10 smartphone, which works with cryptocurrency, became available for purchase in March this year. The electronics giant has chosen to support Ethereum (ETH) from all other digital currencies, leaving Bitcoin out of the game. The Samsung team revealed that other cryptos will be added in the future as well. However, it is unknown yet, whether it will add Bitcoin support to their new budget models.

https://coinidol.com/samsung-adding-cryptocurrency/

[abake]

The rate at which the big players are picking interest in crypto and blockchain is increasing. I already ordered an S10 today because I will like to explore the said features. If they extend those features to budget entry phones, it will increase popularity of crypto. I think adding other top cryptocurrencies to the inbuilt wallet will make much sense.

[butka]

Too bad they opted for Ethereum. But I guess, it is better "something" than "nothing". Any idea what kind of wallet it will be? From the announcement it seems like they are going to make a multi-coin wallet of their own. Just a thought: an integrated wallet for the Lightning Network would have been a much better choice. And it would have been an ideal entry for the masses to the crypto world.

[Adriano2010]

Maybe they want to try this and maybe after will make new phones or some updates to integrate bitcoin, but is better than nothing and maybe new people will join crypto if they see a wallet on phone.

[Aleksandra Gurskaya]

This is great news, cryptocurrency is increasingly entering people's lives and using mobile phones this process will go faster! I think the rest of the phone manufacturers will follow Samsung.

[kanmo]

Samsung has taken a giant stride in term of its support for cryptocurrency and I see this as a challenge for other multi national companies like Samsung to embrace the blockchain technology. This is a great news coming from Samsung.

[CryptoKush]

Great news! I think that this will contribute to the popularization of cryptocurrency among new users. A lot of users use mobile phones and do not want to use computers to use cryptocurrency.

[Ailmand]

If it will be giving us an assurance of having the security that we're all looking for then it will surely be great news for Samsung lovers. There are also phone brands that feature crypto wallet but I'm more comfortable in using Samsung since then.

[Chomsy]

The rate at which the big players are picking interest in crypto and blockchain is increasing. I already ordered an S10 today because I will like to explore the said features. If they extend those features to budget entry phones, it will increase popularity of crypto. I think adding other top cryptocurrencies to the inbuilt wallet will make much sense.

The mass adoption has started happening. This kind of move by Samsung and other big players is what we need in the crypto space. This will really boost the market and clear the doubt and negative words from anti crypto guys. Lol

[pixie85]

What are they trying to show by not adding the most prominent cryptocurrency to their wallets? I don't like that attitude. Instead of spreading ETH wallets to other devices they should add support for BTC. How many people use ETH to transact? It's a great token but it's alive thanks to other projects that are using it not thanks to real world transactions.

You don't need to carry ETH with you at all times because you're not going to suddenly need it when your CC gets denied. BTC on the other hand...

[Twinkledoe]

Great news! I think that this will contribute to the popularization of cryptocurrency among new users. A lot of users use mobile phones and do not want to use computers to use cryptocurrency.

Adoption is really important to cryptocurrency's growth. If they will add such feature to their budget phones, those users will more than likely learn how to use crypto. Most of them heard about crypto but in reality, they don't know how to handle a crypto portfolio. And considering that there are a lot of samsung users, no doubt they will add up to crypto users. Many people own at least one smartphone but not a computer or laptop. So think about the number of samsung users that will eventually be crypto users. This will be a good boost for adoption. And I think, other phone providers will follow through...

[jossiel]

This is great but old news, they just moved it to budget phones since it has been first launched with an expensive product.

I think with this change they made, the total sale for the first launch isn't that good. But why they chose to support ethereum instead of bitcoin? they can have their choice I guess.

[huhhuh18]

Samsung really told the world they were preparing for the future by integrating the various all new techs including blockchain and crypto support in their S10 official release. So I believe this is a continuation of their preparation towards the future. Crypto is the future so they're all gradually gonna get on board.

[bartolo]

I understand the enthusiasm but, with the established and trusted crypto wallets available out there, what is the advantage for the end user of using a preinstalled wallet?

[bttmember]

Although i have heard similar type of news earlier as well but still i would say i am glad that big companies and giant corporations are now accepting the fact that cryptos are the future that is why they are now accepting them and implementing them as well definitely this will speed up crypto adoption.

[TimeTeller]

I understand the enthusiasm but, with the established and trusted crypto wallets available out there, what is the advantage for the end user of using a preinstalled wallet?

I believe they are targeting their samsung ordinary users in this adoption.
It is true that there are better and trusted crypto wallets, but are they in the grasp of these ordinary customers?
Most ordinary users who never-heard of crypto wallets will prefer a pre-installed one in their phones.
So they don't have to do anything. And with the integration of this wallet to these budget phones, definitely this strategy will reach out more ordinary users.
This might be a preliminary step for these users to understand crypto and then, they can move on to better ones, if they decide to.

[Marco76]

This might be a preliminary step for these users to understand crypto and then, they can move on to better ones, if they decide to.

Yes, agree. But I'd rather do without mobile wallets, that's just too unsafe for me. There are now many projects that offer credit cards that can be filled with Crypto.

[mrdeposit]

Samsung's such steps is appreciated by crypto community. The positive behaviors of such large companies about crypto will improve the mass adoption. In this issue they surely have own interest, already, we also have our own interest.

[kurcalas]

Samsung, Facebook, Microsoft and many more ... Big businesses one by one to blockchain integration. In addition, some crypto coins make a breakthrough. The future will be so beautiful!

[XbladedThanos]

They supported Injin wallet and coin and no major functionalities added I think it will be best if they add some features or instant usage of their coin or the tokens you will handling in your wallet if not then there will be no need Just download wallet and install no need for official announcement