Samsung Galaxy S10 Arrives Sans Bitcoin, Only Ethereum is Supported

Tony "The Bull" Severino

1 year ago

3 mins read

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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.

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.

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.

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Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.