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samsung bitcoin

Samsung Galaxy S10 Arrives Sans Bitcoin, Only Ethereum is Supported

Tony "The Bull" by Tony "The Bull"
4 years ago
in Bitcoin, Blockchain, Cryptocurrency Market News, Ethereum
Reading Time: 3 mins read

The internet was set ablaze when rumors began circulating that Samsung’s flagship smartphone, the Galaxy S10, may potentially support cryptocurrencies like Bitcoin and Ethereum via a Blockchain Keystore application.

Samsung’s reveal event confirmed the existence of the Blockchain Keystore app that serves as a crypto wallet for top cryptocurrencies, however, the most important cryptocurrency of all won’t be supported at launch, according to initial reports from unboxing videos from around the web.

Samsung Blockchain Keystore Neglects Bitcoin, Ethereum Support Ready at Launch

The Samsung Galaxy S10 doesn’t officially drop for two more days on March 8, 2019, but some lucky smartphone enthusiasts have already gotten their hands on the final retail version of Samsung’s latest flagship smartphone. Those with early access to the Galaxy S10 have uploaded unboxing videos to demonstrate the phone’s key features – one of which is a new crypto wallet called Blockchain Keystore.

Related Reading | Samsung Galaxy S10 Could Expose Crypto to Millions of Tech Savvy Users 

One particular video demonstration reveals that the Samsung Galaxy S10 will launch without supporting Bitcoin, the leading cryptocurrency by market cap and undoubtedly the most important asset in the crypto space. The app, however, does support Ethereum out of the box. 

Samsung Galaxy S10 crypto wallet appears to have left out Bitcoin at launch. For now it looks like it's Ethereum-only! ?https://t.co/j0eFmTphJY

— Cerne (@crn_maximizer) March 4, 2019

It’s not known at this time if ERC-20 tokens are further supported using the Ethereum wallet address. Many other crypto wallets prioritize Ethereum due to the same wallet address being used to receive Ether (ETH) in addition to a variety of ERC-20 tokens such as Basic Attention Token (BAT), 0x (ZRX), Maker (MKR), and hundreds more. 

However, the absence of Bitcoin is a glaring omission, as Bitcoin has the highest market cap out of any cryptocurrencies, has the most regulatory support, and the highest transaction volume. It’s also the face of cryptocurrency in the public’s eye.

Bitcoin may eventually make its way onto the Samsung Galaxy S10’s Blockchain Keystore app via updates, and it may happen sooner than later. It’s not uncommon for smartphone manufacturers to debut their products on the same day a major software update is released. However, given the limited interest in cryptocurrencies by the general public, Samsung may not view further developing the app as a priority.

Are Blockchain And Crypto Wallets The Next Big Trend in Smartphones?

Blockchain-based smartphones that come equipped with a built-in cryptocurrency wallet is a growing trend in the space, as smartphone manufacturers seek to find a differentiating selling point amongst the sea of similarly functioning smartphones.

Related Reading | Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

In addition to the Samsung flagship, the HTC Exodus has blockchain-based features that are separated from the Android operating system, while the newcomer Sirin Labs has recently released the blockchain-based FINNY smartphone, and Pundi X is preparing the XPhone for a Q2 2019 launch. It’s expected that as cryptocurrency adoption grows, other companies will follow suit, including Apple who has dominated the smartphone market since its inception.

Featured Image from Shutterstock
Tags: bitcoinblockchainblockchain keystoreethereumGalaxy S10samsung
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Tony "The Bull"

Tony "The Bull"

Tony is the “always-on” Editorial Director and Head of Research at NewsBTC, leading a talented team of writers and editors across several different global time zones. Tony is also the founder of CoinChartist.io – an educational website focused on crypto trading. Partners include Elliott Wave International, TradingView, and more. Tony’s background includes an extensive, award-winning media production career and over fifteen years of publishing operations and management. In the past, Tony has founded several media websites and his content has been read billions of times. Past clients include the BBC, Fidelity, and many others. Tony "The Bull" is a level 3 CMT student (passed level 1 & 2), technical analyst, Bitcoin supporter, and avid speculator. He owns a python named Satoshi. Tony longs for the day when money is separated from the state. Tony is deeply fascinated by core market principles such as Elliott Wave Theory as they tie into mathematics like Fibonacci ratios. Market timing though DeMark indicators, Ichimoku, Gann tools, or Hurst Cycle Theory are also of key interest. Tony provides completely original content driven by exclusive, independent research. For more insights and education from Tony, check out his free TonyTradesBTC Telegram channel. Follow @TonyTheBullBTC on Twitter. You can also follow @CoinChartist_io on Twitter and subscribe on YouTube.

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