Samsung is likely to add support for the cryptocurrency wallet with the proposed Galaxy S10. According to the reports, the company has registered trademarks “Blockchain Core”, “Blockchain key box”, and “Blockchain Keystore” in the EU.
Samsung Introduces Two Wallets For Offline and Hot Transfer
The mobile maker will introduce cold wallet for storing cryptocurrency offline. It will also launch a hot wallet that accepts incoming transfers. The hot wallet will also facilitate the outgoing transfer. The users can also view transaction history and account information.
Proposed Features of Samsung Galaxy S10
The proposed Samsung Galaxy S10 will feature support for 5G, six cameras, and a display size of 6.7 inches. The company may launch Galaxy S10 with Qualcomm Snapdragon SoCs for the sale in Japan and North America. Samsung Galaxy S10 for rest of the world will feature Exynos SoCs. The company may also offer Galaxy S10 without support for 5G as well for people on a budget.
Pete Lau, Chief Executive Officer of OnePlus said OnePlus Phones with 5G support will be sold at more than $200 to that of LTE versions. The success of the phone makers will depend on the future of blockchain. In the recent period, the price of Bitcoin (BTC) has declined to $3,500 (a drop of $2,900 in the last month).
Samsung Refutes Rumors of Phone Launch with cryptocurrency cold wallet
According to the Cointelegraph, Samsung has dismissed the rumors of the launch of Galaxy S10 with cryptocurrency wallet. However, the company may launch the support for cryptocurrency on its phone in the near future.
HTC faces Competition in The Blockchain space
The entry of Samsung into blockchain space is creating a stiff competition to the established Android player HTC. In December 2018, HTC has introduced Exodus blockchain phone. The features of Exodus blockchain phone include Social key recovery. The customers can store important contacts safely in crypto keys. This feature allows the users to recover their contacts even if the phone is lost or forgot information.
The users can buy blockchain based HTC phone using cryptocurrency. HTC is making a desperate attempt to reclaim the relevancy. The market share of the Taiwan based Smartphone maker has declined by 1% in 2018.