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."

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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. 


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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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