Samsung has decided to quietly add support for Bitcoin to its private key wallet which it calls the Blockchain KeyStore .
The use of such keys is vital for many decentralized applications (dapps) and for the storage of keys in cryptocurrency.
Support is limited to Samsung S10 and Note10 devices including Galaxy S10e, S10, S10 +, S10 5G, Note10 and Note10 +. It is also only available to customers in Canada, Germany, South Korea, Spain, Switzerland, the United States and the United Kingdom.
Did you Know? – Samsung Blockchain phone S10: Keystore |Wallet |Hashrate
Samsung first revealed its KeyStore earlier this year. Of course, some began to spread the word that it would foster Bitcoin adoption. Many overlooked the simple fact that it did not support Bitcoin, until today.
Instead, Samsung’s Blockchain KeyStore was only compatible with Ethereum and, at that point, only supported a handful of small ERC20 tokens that for the most part had little or no real-world use.
From a business perspective, it makes sense to add Ethereum support first. By accepting ERC20 tokens, Samsung immediately opened its device to potential compatibility with thousands of Ethereum projects.
Furthermore, it emerged earlier this year that Samsung was working on its own blockchain network. It would be based on the Ethereum mainnet.
Bitcoin has nearly 70 percent of the cryptocurrency market. Ethereum has less than 8%. Supporting Ethereum might only make sense for business.
Whatever the reasons, Samsung didn’t keep us waiting too long before adding support for Bitcoin.
