Share this article

Samsung at Last Adds Bitcoin Support to Its Blockchain Phones

Samsung has added bitcoin to the developers' kit for its blockchain-enabled smartphones six months after launch.

Updated Sep 13, 2021, 11:19 a.m. Published Aug 14, 2019, 8:45 a.m.
Samsung S10 product shot

Samsung has integrated bitcoin (BTC) functionality on its blockchain-enabled smartphones.

The move comes months after the flagship Galaxy S10 range was launched in March with a "Blockchain Keystore" offering cryptocurrency storage and transactions for ether (ETH) and related ERC-20 tokens, but which notably excluded the number one cryptocurrency by market cap.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The South Korean tech giant has now included bitcoin features to the developer kit (SDK) for several S10 models (S10e, S10, S10+ and S10 5G), as well as the Note10 and Note10+ devices.

The SDK allows Android devices to link blockchain addresses to the Blockchain Keystore, sign cryptocurrency transactions and check the Keystore status.

The blockchain features of the phones are still currently only available in limited jurisdictions, listed as: Canada, Germany, South Korea, Spain, Switzerland, the U.S. and the U.K.

Advertisement

The SDK additions also include support for the native cryptocurrency (klay) of the Klaytn blockchain recently launched by Korean messaging app giant Kakao. In the last week, Kakao's blockchain subsidiary GroundX has teased an upcoming wallet for klay called Klip, and also revealed its first decentralized app (dapp) partners.

Samsung itself now lists 17 dapps in its Keystore, and is developing it own blockchain based on ethereum. It may ultimately release its own token, the firm has suggested.

Galaxy S10 image courtesy of Samsung

More For You

Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.