Crypto support continues on new Samsung S20 devices

19 Feb 2020

Samsung Samsung Electronics’ new Galaxy smartphone features the same cryptocurrency storage facilities as on previous models.

Indeed, the company could soon become one of the biggest drivers of Bitcoin, cryptocurrency and blockchain adoption, according to Forbes analysis.

Having recently launched the new Samsung Galaxy S20 range, the device’s security system includes a new "secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key."

Despite the South Korean technology giant focusing on the new smartphone’s enhanced battery-life and improved camera, the private keys reference indicated the new Samsung model will still have the same cryptocurrency storage facilities.

The entire Galaxy S20 range will feature cryptocurrency private key storage, reports Coindesk.

The key storage program is currently available to Samsung users in the U.S., Sweden, South Korea, Portugal, UK, Germany, Iceland, Switzerland, Spain, Austria, Finland, Denmark, Canada and Norway, says a Coin Idol report.

Samsung initially provided support for cryptocurrencies back in early 2018, integrating a wallet into the Galaxy S10. Then in July, the firm launched a developer kit allowing tailor made dapps for the phone. One of these dapps permitted users to pay for items and services in stored cryptocurrencies by scanning a sellers' QR code.

Support for Bitcoin was added to the device in September, followed by TRON in October of that year, after previous compatibility with Ether and ER20 tokens.

Although cryptocurrency support was initially only unveiled for the Galaxy S10 range of devices, Samsung announced in May it was planning to "lower barriers" and include crypto support for some of the lower budget devices.

Chae Won-cheol, senior managing director of the product strategy team at Samsung Electronics’ wireless business division, said at the time:
“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States and Canada.”