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Samsung Blockchain Wallet in Galaxy S22 hints at cryptocurrency management on-the-go

Samsung Blockchain Wallet in Galaxy S22 hints at cryptocurrency management on-the-go

The Samsung Galaxy S22 Series is now official, and the announcement didn’t offer any surprises. However, these flagship Android smartphones have the new Samsung Blockchain Wallet, which, among other digital assets, can also hold cryptocurrencies.

After Samsung officially retired its iconic “Galaxy Note” brand, the Samsung Galaxy S22 Ultra is now the unofficial new Note flagship device. All these premium devices ship with the Samsung Knox platform, which gets its own secure processor and memory. This secure platform could be of great interest to those who buy, trade, or invest, in cryptocurrencies.

All the devices that come under the Galaxy S22 series, ship with a brand-new Samsung Wallet pre-installed. Needless to add, this virtual pocket does everything that’s commonly expected from a digital wallet on a smartphone. Samsung confirmed the presence of the new Wallet in its presentation:

The section on Samsung Wallet was very brief but it offered confirmation about cryptocurrencies support.

Our all-new Samsung Wallet will carry your digital valuables in one convenient, and secure place. You will be able to store your IDs, credit cards, passwords, keys, and even your boarding passes.

So, you not only have to carry less, but you can access them anywhere. Samsung Wallet will also let you access and explore complex digital products, like cryptocurrency, with more ease too.

If all this sounds very familiar, it is because Apple already offers this functionality within the iPhone. Both the wallets can securely hold (and retrieve when needed), credit cards, boarding passes, transit cards, tickets, rewards/loyalty cards, digital keys, vaccination records, and digital IDs.

The Samsung Wallet, however, can store “Blockchain Keys”. The company has confirmed that the Samsung Knox security suite supports the function. As revealed in the presentation, Samsung will offer Galaxy S22 owners the ability to work with crypto tokens through the devices. But, there’s no official confirmation about the types of cryptocurrencies that could reside inside the Samsung Wallet.

Incidentally, Apple iPhone devices gained the ability to work with cryptocurrencies last year. Google, on the other hand, hasn’t officially delivered the kind of crypto token support that Samsung Wallet has, presumably, out of the box.

Source: BGR

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