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Bitcoin (BTC) now supported in Samsung’s blockchain phones

Benson Toti

Samsung Electronics’ flagship smarphone range, the Galaxy S10, now supports Bitcoin (BTC), industry website Coindesk has reported.

In March, the South Korean tech giant became the first major phone maker to release blockchain-enabled handsets. The Galaxy S10 models came with a Blockchain Keystore that offered cryptocurrency storage and transactions for Ether (ETH) and crypto tokens based on the Ethereum standard ERC-20. However, the feature did not initially support the world’s most popular cryptocurrency.

According to a recent report from Coindesk, Samsung has now added Bitcoin features to the developer kit for a number of S10 models – S10e, S10, S10+ and S10 5G – as well as the Note10 and Note10+ devices. The kit allows Android devices to link blockchain addresses to the Blockchain Keystore, sign cryptocurrency transactions and check the Keystore status.

The blockchain features are limited to a handful of the jurisdictions where the Samsung phones are available, including the UK, the US, South Korea and Germany.

Bitcoin price drops

Meanwhile, Bitcoin has struggled significantly in the past 24 hours, as its price has failed to defend the $11,000 mark. The digital coin dropped below that level on Tuesday afternoon after hours of steady decline. The coin dropped to as low as $10,830.33, before closing the session at $10,895.83, down from its opening price of $11,385.05.

BTC has seen further losses today, especially during the morning session, when its price fell to a 12-day low of $10,440.36. While the coin has seen a modest uptick in the afternoon, it remains deep into negative territory.

As of 15:45 BST, the Bitcoin price stood at $10,511.95, nearly 5% down from the same time yesterday. The coin’s total market capitalisation currently stands at $187.9 billion, which represents 67.6% of the combined value of all digital currencies, according to data from Coinmarketcap.

Featured image: FrameAngel / Shutterstock.com

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