When Samsung held the Unpacked event a few weeks ago, they presented the Galaxy S10 lineup. The term “Blockchain Keystore” also appeared, but we only knew that it would store keys for blockchain-enabled apps. A few days after the event, we learned that Keystore was a crypto-wallet which supports Bitcoin, Ethereum and might also support ERC-20 tokens.
In a video from Jorozu, a YouTuber that got his hands on a pre-release or early-release version of the Galaxy S10, we can see him unbox it and brows its menus. Nearly at the end of the video, he shows the settings menu and goes to Biometrics and Security, where he reveals to the camera the section “Samsung Blockchain Keystore.” The Korean release shows more information about Ethereum transaction and nothing about Bitcoin.
When opening the Galaxy Store and looking for the app, he found that Samsung Blockchain Keystore only supports Ethereum out of the box, but when opening the app, users will see the representation of Bitcoin.
At MWC in Barcelona, Samsung did announce that the S10 devices are “financial transaction-ready,” and that they will support other altcoins like Enjin (ENJ), Cosmee (COSM), so this early version might only be temporarily blocked or region-blocked for Ethereum.
Using Crypto Wallet Could Become ‘Mainstream’
As for why Ethereum was the first choice for the out of the box S10 lineup, it’s because Ethereum is more popular than Bitcoin when it comes to DApps. For example, Opera only supports in its built-in wallet Ether and ERC tokens. Coinbase Wallet (the former Toshi) just recently added support for Litecoin and Bitcoin, whereas Ethereum was already supported for more than a year.
According to Rhythm Trader on Twitter (Alec Ziupsnys), the move from Samsung in the blockchain trend might stir the competition, and in the future, Google and Apple could follow in its steps:
“Samsung Galaxy S10 will have a crypto hardware wallet built in. This hints Samsung may incorporate this into their payment system in the future. The start of a payment race? Google, Apple play? Seamlessly paying using your crypto wallet is as mainstream as it gets.”
As our second lead editor, Debra Nurse provides guidance on the stories Spot Next reporters cover. She has been instrumental in making sure the content on the site is clear and accurate for our readers. If you see a particularly clever title, you can likely thank Fiona. Debra received a BA and and MA from Fordham University.