Samsung recently released its Galaxy S10 and has now unveiled the cryptocurrency wallet for the flagship phone. The Samsung Blockchain Wallet is currently compatible with ether (ETH) and ethereum-based ERC20 tokens, according to a report from CoinDesk Korea.
Despite the Bitcoin logo appearing on pre-release presentation images, it will not yet be supported. The wallet, however, does support decentralized apps (dapps) at launch, which include crypto gaming platform Enjin, beauty community Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck.
The wallet app is only downloadable on Galaxy S10 phones from the Samsung Galaxy Store. CoinDesk reports that the company has plans to expand the service to more devices and cryptocurrencies in the future.
The news of a cryptocurrency wallet comes a few weeks after Samsung confirmed that it will offer private cryptocurrency key storage on the S10 range. The company announced the first details of the storage selection, called the “Blockchain Keystore,” which is reported to have three features including payments to merchants, digital signatures and cryptocurrency storage and transfers.
Samsung Blockchain Wallet and Blockchain Keystore will be used in conjunction. It is designed to make the transactions process for newcomers to the technology easier, per CoinDesk Korea.
Users can enter the amount to be paid in the dapp, scan a QR code providing the online or offline merchant’s wallet address, press the “accept” button, and the payment will be made through the Samsung Wallet.
“It was inconvenient to copy the address of the merchant’s wallet and paste it into the personal wallet. We have dramatically improved the usability of CoinDuck and Samsung Blockchain Wallet,” CoinDuck’s parent company Chain Partners stated.