New Samsung S20 to Support Cryptocurrency like the S10 Smartphone
The Samsung’s new galaxy S20 is the new generation device that was unveiled by Samsung at their event. The device would have 5G technology, crazy cameras- “one that will change photography” according to samsung and it will have crypto storage.
It will have a special feature which is a secure processor that put in place for the protection of personal information such as the private key, pattern, and passwords among others. This was announced at Samsung’s unpacked event on 11th February.
However, the degree at which Samsung advertised and publicized cryptocurrency support in their last range of devices like the S10s was not the same with the galaxy S20.
They only made mention of the secure processor. They didn’t give information as regards the coin that would be supported by the device, new coins and apps that would access the crypto support.
The previous devices (S10) contained a security system like an enclave kept in the phone’s security knox for keeping private keys. The Samsung’s blockchain keystore app is connected to it.
It enables people see their balances in crypto and even to send money from one end to another. So, there is probability that samsung might continue with this system.
Having the control of your digital assets from your mobile device and being able to send from one end to another without itch would increase adoption. Again, Samsung is a recognised and popular brand.
Enabling crypto support on their devices will surely increase the adoption of cryptocurrencies because they advertised to a wide range of end users who might be hearing about it for the first time and adopt crypto on the long run.