Samsung Phone Will Have Storage For Crypto Private Keys

Announcements, Blockchain, Investing, News | February 21, 2019 By:

The Samsung Galaxy S10 smart phone will have a dedicated crypto wallet storage function for cryptocurrency private keys, the company said in announcing the new line.

The new feature is called Samsung Knox, described by the company as “defense-grade” and “secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”

The world’s largest smart phone manufacturer, Samsung’s Galaxy has 8GB RAM and 256GB storage.

Smart phones, because they are wireless and often used in public, pose significant security challenges for payments and cryptocurrency issues. Manufacturers attempting to enter the field have stressed security as the prime feature of new phones.

Samsung’s Galaxy is its top line, meaning it will enjoy widespread distribution.