Startups • December 11, 2018, 5:41PM EST

Samsung is reportedly developing a cryptocurrency wallet app

The Block

Samsung is developing a cryptocurrency wallet app that may launch with its, currently unreleased, Galaxy S10 device, according to news site SamMobile. Samsung's app will have two parts: 1) a cold wallet for storing cryptocurrency and private keys and 2) a hot wallet for crypto transactions. Names for the app have not been finalized. Furthermore, SamMobile reports that Samsung's app will enable users to import existing wallets from other services like Metamask and TrustWallet. The wallet would initially support bitcoin, ether, bitcoin cash, and other ERC-20 tokens. (Source: SamMobile)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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