Bitcoin users were left disappointed in March when Samsung released its latest Galaxy S10 and Note10 models without the expected bitcoin support on its blockchain-enabled smartphones, shipping with just ethereum and related ERC-20 token capabilities.

Now, Samsung has suddenly added bitcoin support to its Blockchain Keystore, meaning those using the new Samsung Galaxy S10 and Note10 models will be able to store the private keys to their bitcoin wallets on the device.

Control over a wallet’s private keys is often cited as one of the most overlooked and important aspects of bitcoin and cryptocurrencies, with many of the biggest crypto exchange hacks and thefts happening because people fail to store their tokens in wallets they have the private keys for.

If bitcoin or cryptocurrencies are stored on a smartphone-based wallet that gives users control over their private keys it removes reliance on external exchanges.

The Samsung Blockchain KeyStore is described as “a secure and convenient place for your cryptocurrency,” and is stored on the phone’s secure-element, similar to Apple Pay and Google Pay, and “never saved to a Samsung or external cloud.”

Meanwhile, technology companies around the world, from social media giant Facebook to iPhone-maker Apple, have taken an interest in bitcoin and crypto this year, pulling the bitcoin and crypto market out of a year-long bear market.

As technology companies join the traditional financial industry in looking to bitcoin and cryptocurrencies as the future of money, new users are expected to flow into the space—potentially rapidly spurring adoption.

The blockchain features on Samsung’s new Galaxy S10 and Note10 phones are still limited to the U.S., the U.K., Canada, Germany, South Korea, Spain, and Switzerland.

Support is restricted to Samsung‘s Galaxy S10e, S10, S10+, S10 5G, Note10 and the Note10+.

In addition to bitcoin and ethereum, Samsung Galaxy S10 and Note10 users will also be able to use the cryptocurrency klaytn on the Blockchain Keystore, a digital token recently launched by Korean messaging app giant Kakao.

Samsung now lists 17 decrentalised apps in its Blockchain Keystore and is developing it own blockchain based on ethereum.


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