The new generation of smartphones Samsung Galaxy S20 will support cryptocurrencies and tokens.

Xcelpay|3 min read|Mar 13, 2020

Cryptocurrency support is not a selling point for Samsung’s new Galaxy S20

During the Unpacked event on February 11, 2020, Samsung announced a new generation of smartphones called the Galaxy S20 — specializing in providing advanced cameras, 5G technology and the ability to store cryptocurrencies of a friend.

However, unlike previous Samsung phones such as the Galaxy S10s. The Galaxy S20 doesn’t seem to care about promoting Blockchain and cryptocurrency. Although they previously advertised their phones with Blockchain, they announced supported cryptocurrencies and eventually added bitcoins. But this time, Samsung hardly mentioned either cryptocurrency or blockchain.

Source: Samsung

However, the reason is not that the hype around cryptocurrency is slowing. It seems that phone makers are gradually feeling blockchain ads and cryptocurrency technologies. Most people are interested in the other features provided by the S20. Theoretically, each smartphone is compatible with cryptocurrency and Blockchain technology. Therefore, these functions are now considered normal for the phone.

In other cases, Samsung seems to be working with Tron to bring Blockchain technology to more people. However, the details of this partnership were not disclosed.

It is interesting to note how Samsung’s new Galaxy S20 has a secure processor. This processor is designed to protect personal information, including the private key of the Blockchain. The only link available on the Samsung official website is that S20 phones will contain a security processor designed to protect the PIN code, password, pattern and Blockchain private key.

In addition, there is no more detailed information about the Blockchain technology built into the phone, which coins are supported, and how many applications will be able to access cryptocurrency support.

However, we can first look at the phones to find the answer. The S10s has a secure cover for storing private keys held by Samsung Knox. He connects to the Samsung Blockchain Keystore application, which is used to view the balance and send money. Given that the S20 also contains Knox, perhaps he will continue to use the same system.

The world’s largest smartphone maker Samsung has confirmed that support for cryptocurrencies, including BTC, ETH and ERC20 tokens, has been added to the new Galaxy S20 line of smartphones.

Source: Samsung

Samsung has reported on the Samsung website that the new generation of Galaxy S20 smartphones will include a proprietary application that enables users to store private keys for BTC, ETH and ERC20 tokens.

“We have created a secure processor designed to protect your PIN, password, template and private keys. Combined with the Knox platform, security is embedded in every part of your phone, from hardware to software. In this way, personal data remains confidential. ”

Samsung first introduced Blockchain Keystore in early 2019. The cryptocurrency application is available to Samsung device users in the USA, Canada, South Korea, Great Britain, Germany, Switzerland, Spain, Portugal, Sweden, Austria, Finland, Denmark, Norway and Iceland.

The market for smartphones with blockchain support continues to grow. In November 2019, HTC announced that it would release a special version of the Exodus blockchain smartphone with Binance Chain support, and earlier the company released the Exodus 1S blockchain smartphone with the ability to launch a full Bitcoin node.

In September last year, startup Pundi X announced the imminent launch of the BOB blockchain smartphone, and in the same month it was reported that LG was also preparing to release a smartphone for the blockchain. However, these two devices have not yet entered the market.


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