Despite pictures at the product’s launch suggesting that the dominant cryptocurrency would play a role in the Samsung Blockchain Wallet – with Bitcoin’s logo appearing prominently in promotional material – reports suggest Ethereum and ERC20 tokens are the only assets supported by the software at launch.
Although some crypto analysts believe that this will reduce the risk of security vulnerabilities emerging in Samsung’s wallet, others have claimed it amounts to a surprising snub for Bitcoin – not to mention those who believe Satoshi Nakamoto’s invention will eventually become a dominant force in the global economy.
The first tranche of Galaxy S10s are now making their way to consumers who preordered a device, and the wallet app is available for download through Samsung’s store. The South Korean tech giant has stressed that it plans to add further cryptocurrencies in the not-too-distant future, and ensure that the wallet is compatible with the other smartphones and tablets in its range. Resultantly, it is possible that Bitcoin will be introduced in time.
Four decentralised apps – otherwise known as DApps for short – are available to begin with. As well as Enjin, geared towards crypto gamers, the wallet also supports Cosmee, which is targeted at the beauty community. CryptoKitties, the established collectibles platform enabling users to buy, sell and breed digital cats, is another launch partner.
The fourth and final DApp is arguably the most interesting. Known as CoinDuck, it is designed to “dramatically improve the usability” of crypto by enabling consumers to make payments to merchants. The Korean startup says it allows shoppers to complete transactions using QR codes or links, eliminating any requirement to use additional apps or deal with fiddly addresses. It claims its technology is currently accepted in more than 1,000 locations, including restaurants and shopping malls.