Samsung Galaxy S20 Smart Phone will Support Bitcoin, Ethereum and TRON

[usingbitcoin]

I use the Samsung Blockchain Wallet and I never had any problems.

[Mammothcoin]

If this is true then Samsung is taking the initiative by adopting blockchain technology because ai remember this being rumoured to be on the S10.

This will make it easy to onboard more people into the cryptocurrency space by creating further awareness. I look forward to it being officially released. I believe this will be a bold move on the part of Samsung, cementing it's position as a leading brand within the blockchain space also.

[Valzador]

World Top Tech-giant Company Samsung has introduced the new flagship Samsung Galaxy S20 Smartphone, which will have a built-in crypto wallet.
It can be used to manage Bitcoin, Ethereum, other ERC20 tokens and TRON (TRX).

Source: https://www.crypto-news-flash.com/samsung-galaxy-s20-will-support-btc-eth-trx/

Very curious about the reaction of the wallet user if there is a loss of funds and the response from the Samsung team, whether they are responsible for the loss felt by the user of their wallet or they will only use classic reasons like "The wallet is yours, Samsung has no access rights or things anything related to your wallet is beyond our responsibility "

[kingzpro]

I wonder how many people actually use these embedded wallets to me they do not look safe because i like to hold my private keys with me all the time, there are also some browsers that offer built-in crypto wallets. I would love to know the stats about how many people use these in-app kind of wallets and worth how many cryptocoins are stored there till now?

[dentolas]

I think that this is another step towards general use of crypto, everyone that will buy the S20 smartphone will know about that wallet, even if they do not use it, or if it has some risks associated with it, it is still good news that a giant like Samsung bothered to include crypto on their top-line model...

[JeffBrad12]

If this is true then Samsung is taking the initiative by adopting blockchain technology because ai remember this being rumoured to be on the S10.

This will make it easy to onboard more people into the cryptocurrency space by creating further awareness. I look forward to it being officially released. I believe this will be a bold move on the part of Samsung, cementing it's position as a leading brand within the blockchain space also.

It's only providing the wallet for the crypto users and no more. I thought that you have not yet tried this and it has nothing to do with the adoption of blockchain. As far as i know if this is the only feature provided by Samsung to its galaxy users and you will not find this in another device other than galaxy series.

[usingbitcoin]

If this is true then Samsung is taking the initiative by adopting blockchain technology because ai remember this being rumoured to be on the S10.

This will make it easy to onboard more people into the cryptocurrency space by creating further awareness. I look forward to it being officially released. I believe this will be a bold move on the part of Samsung, cementing it's position as a leading brand within the blockchain space also.

It's definitely not a rumor. It is on both of my Note 10+ and S10e. The private keys are stored in a separate chip that only the Samsung Blockchain Keystore app can access. Once you get the Keystore security setup, you can then let it create the wallet seedphrase for you or you can import your own (per BIP39). The Samsung Blockchain Wallet is the app interface you use to manage your bitcoin. It gives 3 suggested transaction fees based on transaction time, but you can set a custom fee if you want to. It uses SegWit addresses (not native SwegWit, but you can send to them). They do allow you to store alt coins, but I only use bitcoin and it works pretty good. Here is their promo page for this feature https://www.samsung.com/global/galaxy/apps/samsung-blockchain/ They also have a website for developers with their Samsung Blockchain SDK.

[unusualfacts30]

what does it mean by built in wallet? it could mean that it's a wallet app pre-installed but you can always install it from playstore. Its good to hear that these companies are stepping forwards in adopting blockchain but at the same time hardware wallet is the best way to go and I am not sure built in smartphone wallet would be a good place to store your bitcoin

[usingbitcoin]

what does it mean by built in wallet? it could mean that it's a wallet app pre-installed but you can always install it from playstore.

The phone comes with a separate hardware chip inside. The Samsung Blockchain Keystore is part of the OS, not a separate app you can download or delete. This controls the hardware chip. The Samsung Blockchain Wallet app I think might have come pre-installed, but you can download it from the Samsung Galaxy Store (it is not on the Google Play Store). You can download the APK from other sites though, but I would only get it from Samsung.

Samsung's Blockchain SDK hints at being able to connect to a Ledger with an OTG cable, but I don't know if that has been developed yet.

[krb91]

Samsung integrating native wallets on theie devices woll make increase the popularity of cryptocurrencies within thr Smasung marketbase. However, I think there could be potentisl downsides with the idea. Can identities not be tracked or mapped to adresses since the wallet will be coming preinstalled?

[Iyanu14]

World Top Tech-giant Company Samsung has introduced the new flagship Samsung Galaxy S20 Smartphone, which will have a built-in crypto wallet.
It can be used to manage Bitcoin, Ethereum, other ERC20 tokens and TRON (TRX).

Source: https://www.crypto-news-flash.com/samsung-galaxy-s20-will-support-btc-eth-trx/

This is a pleasant news to the crypto world, though this can only be reliable when it is actually implemented.  But for this tech giant at least to give crypto recognition, then it is a boost to the crypto industry and we expect more recognition also from other tech giants too.

[usingbitcoin]

Samsung integrating native wallets on theie devices woll make increase the popularity of cryptocurrencies within thr Smasung marketbase. However, I think there could be potentisl downsides with the idea. Can identities not be tracked or mapped to adresses since the wallet will be coming preinstalled?

That might be an issue. I think you have to sign in with your Samsung Account on the phone in order to use the hot hardware wallet. I guess this would mean the wallet and your Samsung Account could be linked together in some way.

[poodle63]

what does it mean by built in wallet? it could mean that it's a wallet app pre-installed but you can always install it from playstore. Its good to hear that these companies are stepping forwards in adopting blockchain but at the same time hardware wallet is the best way to go and I am not sure built in smartphone wallet would be a good place to store your bitcoin

The wallet that has already provided by samsung is only for the samsung phone and it's not available on the playstore and if you didn't believe it and you can check it.

Im also a samsung user that my handheld has already installed the samsung crypto wallet too.

[timmmers]

For sure it is good for massive crypto adoption, but we have to ask if their wallet will be transparent, I mean cryptocommunity is paranoid and that is okay when it comes to money.

[cabron]

Samsung integrating native wallets on theie devices woll make increase the popularity of cryptocurrencies within thr Smasung marketbase. However, I think there could be potentisl downsides with the idea. Can identities not be tracked or mapped to adresses since the wallet will be coming preinstalled?

That might be an issue. I think you have to sign in with your Samsung Account on the phone in order to use the hot hardware wallet. I guess this would mean the wallet and your Samsung Account could be linked together in some way.

Signing up with Samsung account means its like a cloud. The flappening is a nightmare for those who had upload their photos there. Its a reminder that something that is up there in the cloud is not safe.

For sure it is good for massive crypto adoption, but we have to ask if their wallet will be transparent, I mean cryptocommunity is paranoid and that is okay when it comes to money.

You can't take their word when they safe its transparent and safe. Just install whatever is best and are tested by most to be the safest. Tronlink seem one of it. I have not yet created but I would assume already that they have an android version like every developed wallets.

[gwaposakon]

If you don't have Samsung S20, then buying it for use mainly as a crypto wallet would be a very expensive wallet alternative. But if you already have it, then this feature would be a good thing. Although I question its security. Anyway, this adaption by a very big smartphone company only means that crypto is getting mainstream and gaining mass adoption. Good development in the crypto industry.

World Top Tech-giant Company Samsung has introduced the new flagship Samsung Galaxy S20 Smartphone, which will have a built-in crypto wallet.
It can be used to manage Bitcoin, Ethereum, other ERC20 tokens and TRON (TRX).

Source: https://www.crypto-news-flash.com/samsung-galaxy-s20-will-support-btc-eth-trx/

[usingbitcoin]

Yeah, Samsung states they don't store your private keys and it is up to you to keep your seed phrase safe. I haven't had any problems and I have been using it for 8 months now. I'll report back here if I run into any problems with their wallet.

[ElmedoRator]

Are those wallets really safe? Right now we have a lot of good wallets on our phones to use, like truswallet ... So we don't need the same integrated wallets, but it's also a great action by Samsung, they have entered this market

[Renampun]

This is not very effective for Samsung S20 marketing...
I am a loyal Samsung user, currently, I use S10 but I still save Bitcoin by installing the Electrum and Blockchain.com applications. I don't need to have to buy a Samsung S20. 

[usingbitcoin]

This is not very effective for Samsung S20 marketing...
I am a loyal Samsung user, currently, I use S10 but I still save Bitcoin by installing the Electrum and Blockchain.com applications. I don't need to have to buy a Samsung S20. 

Your S10 should already have Samsung Blockchain Keystore depending on your country.