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Samsung Plays Hide-and-Seek Galaxy S20 With the Cryptoverse

Samsung recently unveiled its new flagship smartphones, including the latest Galaxy devices, the S20, and the Z flip, a foldable smartphone.

Galaxy show
Crypto-keen users are waiting to see if the new phones would be fitted with a blockchain wallet have been left hanging, with materials released so far making only the most fleeting of references to blockchain technology.

The materials released by Samsung appear to make no mention at all of the Samsung Blockchain Wallet or Blockchain Keystore specifically – an ecosystem that Samsung has been building up for around a year. All we have so far is a cursory note in the security section of the S20 about how the S20’s CPU is “dedicated to protecting your blockchain Private Key.” This feature is not mentioned on the Z Flip page.

In either case, it’s not clear what has changed in terms of supporting dapps (decentralized apps) and digital assets, compared to the S10. Also, it’s unknown, what dapps and digital assets have been preselected for these devices. Moreover, it’s not clear in what regions these features will be available.

But South Korea observers think Samsung has not done away with the wallet. Blockchain business consultant Lee Jong-cheol said

“Any mention of blockchain private keys makes me think that at least the same sort of wallet function that the S10 had has also been featured. But I suppose that it benefits Samsung from a marketing perspective to have people looking around the net for leaks and rumors.”

Lee opined that Samsung was likely to continue to play its cards close to its chest, and reveal more details about its devices gradually, rather than all at once.

“I suspect that there will be more news about the new handsets coming out in drips and drabs in the coming days – and things will become clearer then.”

The same happened in 2019 when Samsung left multiple questions unanswered during the course of the year.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin49,993 1.19 % 1.20 % 4.12 %
Ethereum1,625.9 0.97 % 3.52 % 11.90 %
Binance Coin249.83 2.00 % 6.30 % 52.68 %
Tether1.010 0.07 % 0.52 % 0.56 %
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Bitcoin Cash537.05 2.44 % 1.90 % 25.10 %