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The Samsung galaxy S10 will have In-Built cryptocurrency wallet

The Samsung galaxy S10 will have In-Built cryptocurrency wallet

Samsung galaxy S10 brings cryptocurrencies into a mainstream and has finally revealed more information about its heavily-rumoured bitcoin wallet.

Details about the cold-storage cryptocurrency purse were delivered at Mobile World Congress in Barcelona this week, with the world’s most popular smartphone maker confirming that it will support bitcoin, ethereum, Cosmee and Enjin, together with a range of decentalised apps (dApps).

Samsung’s latest flagship phone is a subtle step forward from its predecessor — the Galaxy S9 — with a host of incremental upgrades, such as a bigger screen and better camera.

In addition to bitcoin wallet — Cosmee

Cosmee describes itself as a “beauty social media platform” that allows users to share content among other members. While it appears like a standard smartphone app on the surface, the key difference is that it will run on a peer-to-peer network — much like bitcoin.

This means people’s data will be spread across this network, rather than being stored on a centralised server. Users will also be able to earn rewards in the form of cosmee cryptocurrency by actively participating in the community.

The inclusion of such apps is anticipated to push cryptocurrency adoption even further into the mainstream, as people will ultimately be able to spend it and trade it on a daily basis. Contactless payments with cryptocurrencies could also be a possibility in the future, as the Galaxy S10 range supports this functionality.

Our opinion

Elastum team is happy to see a positive and inevitable moves of giant companies of adopting technology and sharing knowledge about its value to payment ecosystem as well as investment. This move of Samsung is just a beginning on making cryptocurrencies more accessible to everyday use as well as increase understanding about it.

“With regulation imminent from the several countries, such as UK’s Financial Conduct Authority (FCA), Germany, Lithuania and other EU countries –adoption of cryptocurrencies for both personal and investment purposes can only grow and with it the whole blockchain ecosystem.

Published at Thu, 28 Feb 2019 16:15:53 +0000

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