The new Samsung Electronics smartphone, the Galaxy S10, was unveiled during a press event on February 20th. It was also revealed that the Galaxy S10 would include storage for private cryptocurrency keys. However, Samsung actively avoided the term “crypto wallet”. Instead, the new feature was pushed as an all-in-one blockchain platform called Knox. As revealed by Heslin Kim on Twitter , the smartphone comes with blockchain tutorials, as well as minimalistic and user-friendly Bitcoin and Ethereum wallets.
It has been theorized that Samsung may be avoiding using the term “cryptocurrency wallet” because it could scare many potential users. The decline in value that cryptocurrency suffered recently and the $150 million QuadrigaCX saga have tarnished the public image of cryptocurrencies, which could explain Samsung’s careful approach. Samsung has also integrated PUF technology into the phone’s Exynos 9820 chip, which already makes it more secure than other existing crypto wallets.
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