Rumoured: Samsung Appoints Enjin to Back its Galaxy S10 Blockchain Wallet
Originally published on: CoinSpeaker
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February 26, 2019
Recently, the tech giant Samsung introduced its new Galaxy S10 line. The key feature of new smartphones, apart from Dynamic AMOLED display, new camera technology, and 5G Connectivity, is crypto support. Before the launch, everybody expected Samsung to integrate an in-built crypto wallet into its new Galaxy S10. Instead, the company presented a private key storage solution, which Samsung followers could use for mobile services based on the blockchain, without mentioning integration of a crypto wallet.
The company said:
“Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
Later, we reported more details concerning the smartphone’s crypto support. Each user has private keys that are stored in the S10’s Keystore are backed up in a personal account provided by Samsung. In case the smartphone is lost or stolen, users can access the device and delete the private key through its Find My Mobile service. Further, if a private key is accidentally deleted, users can restore it via the service.
Another Rumor or Real Partnership?
Recently, anonymous sources provided a new piece of information. As Asia Crypto Today has reported, South Korean crypto company Enjin Wallet was appointed by Samsung to back a blockchain wallet in Galaxy S10 smartphone.
— Shash (@emailshashwat) February 25, 2019
As a leaked image of the Samsung Galaxy S10 above shows, the Enjin Wallet is used for Ethereum (ETH) transactions. Moreover, the image demonstrates capabilities for Enjin Coin (ENJ) and Basic Attention Token (BAT).
Enjin Wallet is currently one of the simplest and most secure mobile cryptocurrency wallets. It supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and ERC-20, ERC-721, and ERC-1155 tokens used to purchase and sell digital items in video games, establishing digital ownership. The wallet is now available for free download from the Apple App Store and the Google Play Store on iOS and Android.
As sources familiar with the matter claim, the Enjin Wallet will be installed in the Galaxy S10 expected to be used by over 31 million users. At the moment, the partnership is not officially confirmed and has the status of a rumor. However, if the speculations turn out to be true, the Enjin Wallet will perfectly complement the smartphone introduced by Samsung.
Enjin Coin Price to Go Sky-High
The announcement about Galaxy S10 integrating with Enjin Wallet has not been confirmed. However, it led to a great leap in Enjin Coin price. According to the data provided by CoinMarketCap, the coin gained more than 130 percent in the last 24 hours, which is incredible, taking into account that yesterday, its price was at $0.0426. At the moment of writing, Enjin Coin is valued at $0,098538 per token. Its market capitalization makes up more than $75 million, which is a very good market performance for Enjin Coin.
Even if the news about the partnership with Samsung is fake, the coin has already won from speculations. Now, all it has to do is to keep up with such performance.