Category Archives: Galaxy S10

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Apple’s CryptoKit Edges Closer Towards Phone Support for Digital Currencies

Apple's CryptoKit Edges Closer Towards Phone Support for Digital Currencies

It has been announced that Apple has plans to integrate what it calls an iPhone CryptoKit into its next-generation iPhone.

Although the title sounds like a major step away from a hitherto rather tentative stance on all things crypto, enthusiasts will need to wait for a while before becoming to over-enthusiastic. This is no crypto wallet and, unlike Samsung, Apple is not ready to pander to its many iPhone-holding crypto fans just yet.

However, falling short of supplying a fully- fledged crypto wallet with the latest iOS 13 software will have some of the advantages of a wallet for some users, according to Open Money Initiative co-founder Alejandro Machado who enthused:

“For the first time, developers can leverage the secure enclave to manage a user’s keys in an iPhone, achieving a similar level of security to hardware wallets.”

The new iOS13 plans which will replace Apple’s previous framework announced at its Worldwide Developers Conference in Cupertino, California this week.

The announcement was met with somewhat muted response elsewhere, some not sharing Open Money Initiative’s obvious enthusiasm, with one developer claiming that Apple’s current CommonCrypto already provides many of the functions that CryptoKit offers.

The Ethereum community seems to stoked about a new Apple framework called CryptoKit. There are a few misconceptions I’d like to clear up. (Thread)

— Ronald Mannak (@ronaldmannak) June 4, 2019

Clearly, Apple is holding back, given that its competitor Samsung offers the Galaxy S10 which includes a cryptocurrency wallet compatible with Ether (ETH) and Ethereum-based ERC20 tokens, although it does not currently support Bitcoin, thereby immediately frustrating many users.

 

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Samsung’s $2.9 Million Investment in Custody Giant Ledger Shows Major Players Watching Crypto

South Korean Electronics Giant Samsung has announced a USD 2.9 million investment in the French crypto wallet maker Ledger.

The investment firmly stakes Samsung’s claim as a cryptocurrency player after Samsung Ventures led a USD 4 million round in ZenGo, a startup developing keyless crypto wallets, amidst rumors that the company is also developing its own Ethereum-based Blockchain network with the probable issuance of its own token, “Samsung coin”.

Recently, the electronics giant revealed the latest Galaxy S10 which includes a crypto wallet which is compatible with ether and Ethereum-based ERC-20 tokens. It also supports a number of Dapps such as merchant payments services, crypto gaming platforms, and crypto collectible platforms. The S10 can store crypto private keys and supports many digital features including digital signatures.

Its thought that if Samsung Coin does go ahead, there has been some significant forward planning in terms of Samsung gaining a stake in Ledger as the French company’s ERC20 compliant hardware wallets will benefit the users of Samsung Coin.

The market looks positive for the French wallet maker. Eric Larchevêque, CEO of Ledger, recently said that he is optimistic for the future of cryptocurrency industry, as he prepares for “a whole new generation of consumers” adding:

“There is still a need for a new generation of hardware wallet and consumers are still ready to invest and buy new products. The market is still here.”

At the end of 2018, Ledger announced a partnership with blockchain-based equity fundraising platform Neufund to allow users manage their security tokens on the Ledger desktop app.

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