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Topic: Samsung S10 Embedded with Cryptocurrency wallet - page 5. (Read 1034 times)

legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
a cryptocurrency wallet doesn't really belong on your cell phone, specially if it comes pre-installed. you usually want to keep your coins in cold storage specially since nothing apart from bitcoin has any other usages in the real world so there is no point in for example carrying around your NEO, or ETH or something like that in your phone!
if they only limit it to bitcoin then there is no point in their wallet since we already have other android wallets like Electrum which are more trusted.
newbie
Activity: 18
Merit: 0
Just a marketing ploy to appease those who know about Bitcoin and other cryptocurrencies.
Well, and the move for the future, if again there is a stir about Bitcoin.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
If the cryptocurrency wallet will be in the standard installed applications on the smartphone, this will help to make the cryptocurrency even more famous. In the future, smartphones should have a high degree of protection, since all money is stored on a smartphone

I'm sure that with time wallets will become standard applucations. Smartphones companies closely watch the market and the trends and they don't want to stay behind. They are very well aware that many of their customers are involved in cryptocurrencies and they want high end service.
It's true that this is also security issue but I think mobile phone protection is developing very fast because it's necessary to achieve certain standards. We are having our lives stored on mobile phones, not just crypto wallets, and that requires extremely high level of protection embeded in phones but also very high level of user awareness and self protection.
sr. member
Activity: 980
Merit: 261
Since the risk of having a cryptowallet is very high I can see it still a good start for cryptocurrency, everything will start at the bottom until they reach the peak of success and it is not impossible with the modern technology it will be having an improvement and soon the risk will be lessen or it will be taken away.
member
Activity: 420
Merit: 10
If the cryptocurrency wallet will be in the standard installed applications on the smartphone, this will help to make the cryptocurrency even more famous. In the future, smartphones should have a high degree of protection, since all money is stored on a smartphone
full member
Activity: 714
Merit: 114
I always welcome anything new to crypto and anything new that is related to crypto, and about this one, I am a litle confuses, cellphones gets lost and stolen almost everyday around the globe - will this one be a good idea to store crypto on a cellphone?

Phones nowadays are more smarter and they are now being built with concrete security patch  . theives can only dis-assemble the phone or chop chop it to sell but they cant bypass the code or even reformat it .

Anyways , i still found it interesting and this can greatly help the crypto to become more recognizable in public  . i just hope that they can also add a crypto support for lower  class phone and brands because people will go for cheaper ones .
full member
Activity: 952
Merit: 104
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/



Since from the start sumsung company adopt cryptocurrency theirs a great imfact to the crypto communty to give hope from the people lost their hope to the cryptocurrency.
I salute to the sumsung company for their support understand well the potential of crypto as become world class currency  using new technology. (This idea can work well easy to transfer found using cellphone)
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
I always welcome anything new to crypto and anything new that is related to crypto, and about this one, I am a litle confuses, cellphones gets lost and stolen almost everyday around the globe - will this one be a good idea to store crypto on a cellphone?

Of course you need to protect access to your phone with a PIN or fingerprint, then access to your crypto with a different PIN.
Bet here you can access your funds via recovery passphrase before the thief can.
Shouldn’t be that difficult.
member
Activity: 532
Merit: 15
I always welcome anything new to crypto and anything new that is related to crypto, and about this one, I am a litle confuses, cellphones gets lost and stolen almost everyday around the globe - will this one be a good idea to store crypto on a cellphone?
member
Activity: 434
Merit: 10
From a Samsung S10, many other cryptocurrency options, except for a Samsung S10, have more Tokoni uti, Cold wallet, Cryptocurrency wallet, HTC, Mobile phone, Samsung, and Smartphone wallet. but above all only cryptochrrency wallet embeded by it as if leaked by photos of their upcoming phone. but it's really a feature of the Samsung S10, which features a hole-punch display and a new offering from samsung is also often met by a world of technological excellence.
sr. member
Activity: 546
Merit: 250
It can create positive impact since if a big company trust this market, for sure the consumer will also trust it.This is a big move for samsung hopefully it can create the pump in the market so we can now have a better trend again, hopefully Apple will do the same
This only means that cryptocurrencies are being recognize by big named companies such as Samsung. The technology innovation is beyond our expectation and really advance than we thought. I guess if this is going to be in mainstream other technology company will really adapt this changes on smartphone and cryptocurrencies as well as the views of people towards the crypto.
full member
Activity: 574
Merit: 102
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
I think this is also a very good advertisement for cryptocurrency. More people will become interested in cryptocurrency.
hero member
Activity: 2996
Merit: 609
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
I don't really like this idea of Samsung putting an embedded cryptocurrency wallet at their phone. Those people who already knew how to easily make a wallet, they really know how their private-key would be in risk too because the developers probably know each private-keys in each phones.
How would they explain if someone got hacked in the future? And also your phone is at risk too if it is taken away from you then your cryptocurrency wallet would be in risk.
hero member
Activity: 1806
Merit: 672
I think Samsung being a South Korean company made it possible for them to apply such crypto wallet in there mobile phone. We all know that South Korea is big for crypto and having a crypto wallet in there phone made it attractive for the South Korean market or for any people outside of the country who is interested in this kind of feature which was not available in the market for the first time. Of course the question is will we trust Samsung as a company who will  we allow one of their devices for us to store big amounts of money in? There is also a question of privacy of data, do they have access on out private keys?
legendary
Activity: 1596
Merit: 1034
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/

The adoption of blockchain technology by large companies like Samsung might at least increase people's trust in bitcoin. However, there are still many users of Samsung products who do not yet know the function of this blockchain technology, so maybe even though this technology already exists in smartphones released by Samsung, the features of this technology will not be so used by users.
newbie
Activity: 14
Merit: 0
Wow, if it is true, that would be great, the meaning of the representative is very important, and Apple will deliberately add it.
sr. member
Activity: 2618
Merit: 439
Samsung always gives good support to the crypto world. and I think that every technological innovation related to crypto is part of a long-term plan to become more perfect. now only crypto users can use S10 to store their assets. and primitive people only use classic wallets. but in the future it will be more perfect. because there are many crypto users.and In my opinion, negative impact will only be felt by primitive people.
Lol. Are you sure that the news is real? This is just rumour and unless Samsung really acknowledges that they are going to have a mobile wallet that will support crypto, this is just another fake news to me. And what do you think the price of this mobile phone will be $1K'ish? Damn, I would rather invest that on bitcoin and buy hardware wallet.  Grin
sr. member
Activity: 1330
Merit: 256
Samsung always gives good support to the crypto world. and I think that every technological innovation related to crypto is part of a long-term plan to become more perfect. now only crypto users can use S10 to store their assets. and primitive people only use classic wallets. but in the future it will be more perfect. because there are many crypto users.and In my opinion, negative impact will only be felt by primitive people.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Second, if the phone is expensive, then why not get a hardware wallet which prices around the $100-$300 only?
Also I consider it not safe, because your phone will be always online so the risk is there, just saying.

People don't really take security seriously, they think that just by not typing xxxxx in their web browser makes it safe.
Most hold their coins on exchanges although those have a record of being hacked and security breached, a lot have their wallets on the same computer they use for downloading pirated content or cracks for games, a lot don't even have a password-protected wallet.
And this because most are too lazy to be bothered by having ten times to do before sending coins.
So the phone will catch on, as long as people afford it because it will be easy to use.


But that aside, what is troubling me most is...
ETH support only??? WTF?
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
Well, what do you think is the positive impact on the crypto industry, and at the same time what is the negative impact of it. It seems to me that cryptocurrency will be known because it will be use to a product by a big company and it will be on their upcoming latest phone, it will create awareness at the same time it can set aside those negative about crypto.What do you think?

Here is the link: https://www.theblockcrypto.com/2019/01/24/samsung-galaxy-s10-images-show-embedded-cryptocurrency-wallet/
I think more people are started to aware of the cryptocurrency and a big company such as samsung also provide a services that could help people using cryptocurrency which i think there will be more people using cryptocurrency in future. I do think its a good thing and i do believe in future every people will have a wallet in their phone.
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