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RUMOUR: No Cold Storage In Samsung S10!

Today we’re going to be talking about ‘’Samsung Dismissing The Plan To Integrate Cryptocurrency Cold Storage in Its S10 Series, as a Simple Rumour.”   

As cryptocurrencies become more widely adopted, you’d think that technology companies would begin to integrate cryptocurrency storage functions into our everyday smartphones. However, this may not be the case. It’s at least not the case for Samsung and their new Samsung Galaxy S10.

Adnan Farooqui, the Senior Executive editor at Sam Mobile, mentioned that “after hearing about the trademarks for Samsung’s blockchain and cryptocurrency software, we decided to dig around a little deeper. We can confirm that the company is indeed developing one and that it may be launched with the Galaxy S10.

Unfortunately, while this sounds promising, it’s not reality. According to Cointelegraph, Samsung has refuted rumours that it plans to offer a cryptocurrency cold wallet in its Galaxy S10 Smartphone.

Samsung has however filed three E.U trademarks for blockchain and cryptocurrency software. The patents have been filed under smartphones, software applications for use with mobile devices, and computer software platforms under application. There is, however, very limited details when it comes to what the proposed services or application of what the patents are.

While Samsung isn’t building out the next cryptocurrency cold wallet on their smartphones, Taiwanese manufacturer HTC, announced in May that they would build a blockchain-based smartphone. Unlike other smartphones in the market, the HTC Exodus is designed to protect one’s identity, securely store cryptocurrencies, and run decentralized applications.

Phil Chen, HTC’s decentralized chief officer believes that “a few years down the road, we see a world where people own their own identities and data, where everyone understands the concept and economics of digital property.

This week, HTC also announced that they are partnering with decentralized browser Brave. Brave will be the native and default browser on the HTC Exodus 1. The HTC Exodus 1 blockchain smartphone may be HTC’s last hope as they attempt to kickstart their dire financial situation.

We know that HTC has been struggling despite its rapid growth in the early smartphone market, and crypto integration is a way they want to differentiate themselves in the market. However, Samsung does not have any public plans for moving into the crypto market.

There are a few ways we can look at this news. We know that Samsung has filed for trademarks on blockchain and crypto software. It could be that they are experimenting with different solutions for the market, or they have a solution they want to roll out without competitors finding out. We know that Samsung is a trendsetter in the smartphone market, and what they release is often copied within a generation from other manufacturers. It is possible they wanted to launch a solution, but it has been scrapped. This may indicate a lack of confidence in the crypto market from Samsung.

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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.

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