PRESS RELEASE: Samsung’s New Flagship Phone Galaxy S10 Misses Adding Bitcoin for Carrying Transactions

Technology giant Samsung recently unveiled its new flagship phone Galaxy S10 which now comes with a cryptocurrency wallet. The wallet was supposed to help users store Bitcoin , Ethereum and Cosmo Coin- a beauty-related cryptocurrency. However, a twitter user @crn_maximizer uploaded a video on YouTube which showed that the new mobile doesn’t support transactions for Bitcoin. He also installed the application which was required from Galaxy store.

The cold

storage wallet will not be connected to the internet. The phone will support

select decentralized applications. Currently, it will be open to Samsung’s main

dApp called Cosmee, and it helps users earn Cosmo tokens in exchange for

leaving beauty reviews on the app.

Samsung opens up to new digital coins

Cosmee is managed by the South

Korean blockchain startup Cosmochain. Talking to

The Verge , the company said that it is

using the app to provide a more useful way to record reviews on the blockchain.

Samsung also announced support for Enjin Coin, an Ethereum-based digital

currency to be used by gamers, also from South Korea. The coin helps in making

contactless payments.

Samsung is one of the handfuls of phone companies that are now

launching blockchain-related products. As a giant in the business, its

participation in this sector could boost other players’ indulgence in this

sector as well.

Phone-based digital coin options are booming

Sirin Labs was among the most

hyped players to launch the Finney phone last year that came with a crypto

wallet. The phone costs $1,000. Even HTC has a phone called Exodus, which is

available on preorder since Q4 2018. The phone can only be purchased with

digital currency and comes with a securely partitioned digital currency

storage.

Any android phone has the capability to be turned into a crypto wallet. Users already have access to several applications which help them store their digital currencies and manage their wallets. Recently, the Opera browser also launched support for blockchain-based tokens on Android. Though the wallet currently supports only Ethereum, it will add other coins in the future. The decentralized chief office of HTC, Phil Chen, believes that there is the great hope for blockchain-related phones. For now, the phones are focusing on providing some crypto-related features and decentralized app access to the users.

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