Samsung's Galaxy S10 Will Support Cryptocurrency Key Storage

Samsung, the largest smartphone manufacturer in the world by market share, announced that its new Galaxy S10 smartphone will include a feature for securely storing cryptocurrency private keys through its "Blockchain-enabled" mobile services.

The latest flagship smartphone to come out of Samsung has caused quite the stir in the crypto community.

Social media came alive once the company announced that its new phone would come with dedicated "Secure storage" designed for cryptocurrency private keys.

The new Galaxy S10 will feature an upgraded camera system with "Advanced intelligence," 8GB of RAM and 256GB of storage, as well as the ability to wirelessly charge other phones.

According to the press release, the platform will enable the new smartphone to have secure private key storage specifically made for blockchain-enabled mobile services.

Rumors about the possible new features of Samsung's Galaxy S10 began circulating months before the phone's official launch.

The website said that Samsung's cryptocurrency service will have a cold wallet for saving coins and public and private cryptocurrency keys.

The rumors began once it was discovered that Samsung filed several patents around blockchain.

While Samsung will not be the first company to put a smartphone with support for cryptocurrencies on the market, it's also not facing much competition.

Samsung's support for cryptocurrency indicates that wider recognition of the technology is occurring and considering the size and reach of the giant, it's quite possible that it will further spur adoption of the technology.