Samsung Galaxy S10 Leak Shows Built-in Cryptocurrency Wallet

Recently leaked images of Samsung’s upcoming flagship smartphone model, the Galaxy S10, appear to show the device will come with a built-in cryptocurrency wallet called the Samsung Blockchain KeyStore app.

In the leak, the app directly names Ethereum and claims it’s a “secure and convenient place for your cryptocurrency.” Users will be able to import their wallets and use biometric authentication for security.

Earlier leaks appeared to show Samsung’s cryptocurrency wallet will allow for both hot and cold storage on the same device, although in December of last year the tech giant denied rumors that claimed t was launching a cold storage crypto wallet for the Galaxy S10.

As covered, however, Samsung has back in July of last year made it clear it has been paying attention to the cryptocurrency space, as it noted through a blog post that smartphones are the safest devices to store cryptocurrency.

The Galaxy S10 is set to be revealed during Samsung’s Unpacked event on February 20, where the company is also set to show off a functional version of its new foldable smartphone. Notably, the S10 wouldn’t be the first phone with a built-in cryptocurrency wallet.

SIRIN Labs’ FINNEY was launched back in November, and was the world’s first “blockchain phone” as it included an embedded fully separate cold storage wallet, and a built-in decentralized application center (dCENTER).

The HTC Exodus 1 is also now available for purchase with cryptocurrency only. It’s a blockchain-encrypted phone that offers easy access to security-based decentralized applications (dApps).

Other companies moving into the crypto space include Opera, which is behind a popular Android browser that now includes a built-in cryptocurrency wallet.

Switzerland's Largest Online Retailer is Now Accepting Cryptocurrency Payments

Digitec-Galaxus, Switzerland’s largest online retail company, has reportedly decided to start accepting bitcoin (BTC) payments.

Digitec and Galaxus customers can now pay for goods and services with bitcoin and a few other major cryptocurrencies. In addition to BTC, users can make payments in XRP, ETH, Litecoin (LTC), Tron (TRX), OmiseGo (OMG), and NEO.

Digitec and Galaxus’ online retail outlets will also be taking payments in Bitcoin “Satoshi Vision” SV (BSV), Bitcoin Cash (BCH), and Binance Coin (BNB). Commenting on the Swiss retailer’s decision to start accepting cryptos, Oliver Herren, the co-founder and CEO of Digitec, remarked: 

Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development. We wanted to do that for a long time.

Coinify Will Help Convert Crypto Transfers To Swiss Francs

Herren added that Digitec decided to take cryptocurrencies as payment because people may have invested in them and they may want to use them. “Or because you cannot turn them into real money [since] your bank does not accept it. Or maybe just because you ...  like to try new things,” Herren said.

According to Switzerland’s e-commerce giant, it wants to encourage millennials, who may be heavily invested in the blockchain space, to start using cryptocurrencies for practical purposes such as paying for everyday goods and services. Price volatility of cryptocurrencies may not be an issue as Digitec and Galaxus will immediately convert crypto payments to Swiss francs using Coinify’s services, a third-party payment processor.

At present, crypto payments are only available for Switzerland-based users, however the company has said that it might allow customers in other areas to pay with crypto if their initial effort is successful.

Danish Food Takeaway Outlet Accepts Bitcoin Payments For Its 1500 Restaurants

In December 2018, Hungry.dk, one of the largest online food portals in Denmark, started accepting Bitcoin again. The food takeaway company handles orders from more than 1,500 restaurants in Denmark and had been accepting BTC payments since 2014. However, it had decided to stop taking crypto payments in late 2017 due to very long transaction processing times.

A representative from Hungry.dk noted (last year): 

We have accepted Bitcoins as a payment method for quite some time. We decided to remove the feature temporarily last year though because the average transaction time took too long, and the experience wasn’t the best.