Samsung Leaks Show Crypto Wallet On Galaxy S10; Company Has Not Denied

South Korea tech giant Samsung is rumored to be adding a crypto wallet and other blockchain features on its flagship phone the Galaxy S10. This is according to leaked images seen earlier this week. The rumor has the crypto community excited as the move promises to expose millions of users to cryptocurrencies and the blockchain.

The Crypto Wallet Will Support Some Of The Top Crypto Coins

The smartphone market has seen fierce competition over the past decade between different rivals as they battle for market share. Various companies are continuously adding new features to their devices to ensure that they have an edge over their competitors. Currently, Samsung is the number one competitor to Apple.

According to the leaked images, the new Galaxy S10 will feature a Blockchain KeyStore application and a crypto wallet that supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and other Ethereum based ERC-20 tokens.

One of the images shows the Blockchain key store home page that explains the app as “a secure and convenient place for your cryptocurrency.”

Reports of Samsung’s Blockchain Keystore initially surfaced last month after it was revealed that the company had filed patents for crypto wallets that offer cold storage and some other blockchain related patents.

The Blockchain Keystore app will use biometric authentication to store the private keys according to initial reports.

Many believe that the move to add the crypto wallet and other blockchain features could be positive for cryptocurrencies. It could lead to mass adoption as people get used to interacting with these features on the devices they can’t live without.

Samsung launched its Galaxy S series back in 2010 and in the few years that have followed since smartphones have managed to move from devices reserved for technology enthusiasts to becoming everyday items.

However, like any new technology, crypto is expected to take some time before it achieves mainstream adoption. According to Mike Novogratz the CEO of Galaxy Digital we are about five to six years away from mass adoption.