The new Samsung Galaxy will offer private key storage for Crypto
Samsung has said its Galaxy S10 will enable users to securely store cryptocurrency private keys.
In their press release they said “Security: 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.”
Earlier this year, images of Samsung’s flagship Galaxy S10 device showed support for cryptocurrencies within the device. The “Samsung Blockchain KeyStore” is described as both “a secure and convenient place for your cryptocurrency” and somewhere to “secure and manage your blockchain private key.”
Previous leaks in December implied that Samsung’s Galaxy S10 would include a wallet app with two parts: a cold wallet for storing cryptocurrency and private keys and a hot wallet for crypto transactions.
Usually people would have to buy a ledger to store their crypto coins in cold storage rather than in a exchange which are vulnurable to get hacked.