Enjin Wallet Displayed On Galaxy S10 Promotional Material
Shash, a crypto enthusiast and content creator based out of Singapore, recently took to Twitter to note that a promotional image pertaining to Samsung’s “Blockchain Keystore” leaked, which purportedly is the South Korean powerhouse’s attempt at a private key storage system. The image, however, wasn’t one that this industry expected. Per Boxmining, a popular cryptocurrency Youtuber, it outlined a wallet from Enjin, a gaming startup that has delved into the blockchain space, not an application created by the multi-billion enterprise that is Samsung by itself.
While this announcement could have easily been a leak, meaning that Enjin’s flagship wallet will appear on to-be-shipped S10s, this may not exactly be the case. In fact, Enjin’s inclusion in the promotional image may have either been a mistake or interesting attempt to create hype for Enjin’s products and offerings. BlockchainROK, a local source for Asian cryptocurrency news and developments, recently took to Twitter to post a leaked video of a Samsung tutorial video, which outlined a Bitcoin and Ethereum wallet that was designed in the Seoul-based company’s classic fashion — sleek, snowy white UI, minimalistic, and rounded buttons.
Funny enough, however, Enjin Coin (ENJ) seems to be drastically up on this news alone. At the time of writing, ENJ has found itself at $0.0426, posting a 7% gain for the past 24 hours. However, when put up against Bitcoin, Enjin’s cryptocurrency is up over 17%, as BTC plummeted suddenly on Sunday from $4,200 to $3,800 within thirty minutes.
What Does Samsung’s Blockchain Foray Mean Crypto?
Regardless of what form Samsung’s first public population-centric offering takes, many argue that the final product will be a major catalyst for adoption over the course of 2019 and beyond. Per previous reports from Ethereum World News, “Lord of Crypto” remarked that this could potentially be the “most bullish news” of 2019. The industry commentator noted that the fact that Samsung, the world’s most prominent smartphone provider, has effectively endorsed cryptocurrencies should be a positive sign. He added that many are underestimating the magnitude of this news, as other technology companies, namely Google and Apple, could follow suit.
Per statistics gathered by Satoshi Flipper, a real estate developer by trade but Bitcoin lover by night, Samsung shipped 70 million units in Q4 2018 alone. All the devices shipped likely weren’t flagships. But, considering the popularity of Galaxy devices, it wouldn’t be nonsensical to claim that a minimum of 25 million individuals will pick up S10 smartphones over the course of the coming year.
Thus, Satoshi Flipper noted that KeyStore & Co., along with a Lightning Network application, could do more for Bitcoin adoption than “Bakkt and all the ETF’s in the pipeline combined.”
Yet, as it stands, this is all optimistic speculation. But, considering the hearsay, many are hoping that Samsung’s newest offering and attempt to pander to the cryptocurrency audience will spark an ‘arms race’ for which technology giant can create the best blockchain-centric offerings.
Title Image Courtesy of Samsung
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