Samsung Galaxy S10’s cryptocurrency wallet right now available only in three countries

  • Australians will have to wait a bit to enjoy this wallet on their latest Samsung flagship
  • Supports only Ehtereum
  • Bitcoins not supported

Samsung S10 Cryptowallet

Samsung S10 mobiles are available in Australia. This wonderful latest Samsung mobile comes with the Samsung Blockchain Wallet currently compatible only with ether (ETH) and ethereum-based ERC20 tokens. Bitcoin is not yet supported and the wallet also supports four decentralized apps (dapps): crypto gaming platform Enjin, beauty community Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck.

The wallet app can be downloaded only on Galaxy S10 phones from the Samsung Galaxy Store. Soon this wallet will be made available to Australians and will support more cyrptocurrencies in future.The phone officially started shipping from pre-order sales on March 8th 2019.

The official announcement by Samsung said: “Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services”. The new smartphone was released in over 70 countries worldwide, including the US, India, Canada, Australia, European countries and China but soon expands to 130 more countries.

This means the crypto wallet was only available for users in the United States, Canada and Korea and that they would notify their users if there were any updates.

Samsung would offer private cryptocurrency key storage on the S10 range. The storage solution, the “Blockchain Keystore,” which appears to have three broad features: payments to merchants, digital signatures and cryptocurrency storage and transfers. Samsung Blockchain Wallet will be used in conjunction with Blockchain Keystore and is designed to simplify the transactions process for newcomers to the technology.

Through the supported CoinDuck dapp, users can also make payments to merchants. In the dapp, users can enter the amount to be paid, scan a QR code providing the online or offline merchant’s wallet address, press the “accept” button, and the payment will be made through the Samsung wallet. CoinDuck currently supports only ether (ETH).

Missing Bitcoins

Samsung Cryptowallet

Samsung S10 phones cryptowallet is missing Bitcoins and Bitcoin has the highest market cap out of any cryptocurrencies, withthe most regulatory support, and the highest transaction volume. Even most of Australian friendly online casinos support Bitcoins for Samsung pokies.  It’s also the face of cryptocurrency in the public’s eye.

Bitcoin may eventually make its way onto the Samsung Galaxy S10’s Blockchain Keystore app via updates, and it may happen sooner than later. It’s not uncommon for smartphone manufacturers to debut their products on the same day a major software update is released. However, given the limited interest in cryptocurrencies by the general public, Samsung may not view further developing the app as a priority.

Finally at the time of writing the latest Galaxy S10 flagship smartphone comes with the built-in cryptocurrency wallet that allows users to store bitcoin Ethereum and cryptocurrency Cosmo Coin. As it is a cold storage wallet, it is not connected to the internet.  As said above the flagship smartphone also comes with support for select decentralised apps called Dapps. Currently, the support is for Dapp called Cosmee that allows users to earn cosmo tokens in exchange for putting up beauty reviews in the app.

In addition to Ethereum and CosmoCoin, Samsung has also announced support for Enjin Coin which is Ethereum-based currency for gamers. The company said it would also support contactless payments using cryptocurrency.

The Galaxy S10 is available in two storage configurations, with a 128GB starting at $1,349, and the larger 512GB option setting you back $1,699, Optus has run away with an outstanding introductory offer on the regular Galaxy S10 handset, putting it at the same price as the cheaper S10, but Telstra’s unlimited plan is still the only one of its kind on the playing field, so if you’re not keen on stressing about data limits, that’s your go.

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