Confirmed! New Samsung Galaxy device will offer private key storage

Samsung has unveiled a slew of new products — ranging from foldable phones to new wearables. 

And blockchain was not left out of the mix, according to a press release by the Asian firm. The company said its Galaxy S10 will enable users to securely store cryptocurrency private keys. Per the release:

"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. 


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Frank Chaparro covers the intersection of financial markets and cryptocurrency as Editor-at-Large. Since joining the publication in 2018 as its first reporter, he has played a key role in building The Block into a leader in financial journalism and research. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected]

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