Samsung Continues Support for Crypto with New Flagship Smartphone

Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.”

Although Samsung gave much more website real estate to the S20’s improved battery-life and picture-capturing capabilities, the reference to private keys suggests Samsung’s new model will continue to have the same cryptocurrency storage facilities found in previous models. Cryptocurrency private key storage will be available as standard across the entire S20 range.

Samsung first added support for cryptocurrencies in March 2018, when it integrated a wallet device into its then-top model, the Galaxy S10. In July, the company introduced a developer kit that allowed third parties to create specially designed dapps for the phone. One such dapp allowed users to pay for goods and services in stored cryptocurrencies by scanning a merchants’ QR code.

Reference: https://www.coindesk.com/samsung-continues-support-for-crypto-with-new-flagship-smartphone

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