Samsung Integrates Bitcoin On Its Smartphones

Samsung, the smartphone tech giant is poised with its Vision 2020 to create a better world full of richer digital experiences. And in her strides has now integrated bitcoin features to the Blockchain Keystore Software developer kit (SDK) for some S10 models (S10e, S10, S10+, and S10 5G), as well as the Note10 and Note10+ devices.

The SDK, according to information on the company’s website for developers, only supports Bitcoin, Ethereum, and Klaytn tokens.  This development is currently available only to regions such as Canada, Germany, South Korea, Spain, Switzerland, United States of America and the United Kingdom. 

This innovative stride indicates that numerous Samsung smartphone users will be able to access apps and transact Bitcoin via the Blockchain Wallet on the device that the company has integrated. And several crypto enthusiasts will find a reason to get a Samsung smartphone. 

Source: Engadget

As earlier shown in a report on the company’s developer site, the SDK is scheduled for release later this year, yet a Beta version is already available for developers. This is a profound technological shift that will change how the world does business—and everything else—using blockchain technology, which powers the digital currency Bitcoin. 

Answering the Frequently Asked Questions, the company explains that developers can use an API provided by the Samsung Blockchain Keystore to check if a user is ready to use Samsung Blockchain Keystore,  which sounds assuring and sustainable. 

And regarding ease of use and security, transaction information will be confirmed with a PIN or a biometric authentication like Fingerprint.  Samsung Blockchain Keystore will approve the transaction with a private key derived from the Master Seed stored in the Secure File system.

When one needs to make a transaction but the other user has not created a wallet yet, you can direct the user to create a new wallet to leverage Samsung Blockchain Keystore features. 

Let’s embrace these possibilities. Samsung plans to support more cryptocurrencies and expand her reach to other regions of the world in the near future.

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