No, the Galaxy S10 will not ship with a cryptocurrency "cold wallet"

Earlier today, Samsung community news site SamMobile confirmed that the Galaxy S10 would include a cryptocurrency cold wallet. Apparently, that report was nothing more than “rumor and speculation,” at least according to Cointelegraph, who cited a “private correspondence” from Samsung themselves.

As a quick primer, a cryptocurrency cold wallet (or cold storage, as it is sometimes known) is an offline method of storing cryptocurrency. Cryptocurrency itself works off of public ledgers that publish transactions using cryptocurrency. The information pertaining to an individual’s own transactions is stored in their “wallet,” and most users use online services to host their wallet. A cold wallet is any method that doesn’t require an internet connection, be it local storage on a computer or even physical paper.

The rumors that Samsung would enable a cold wallet on the Galaxy S10 stem from three trademarks Samsung filed in the European Union related to cryptocurrencies and blockchain-based technology. SamMobile took the trademark filings to mean that Samsung would be including a cold wallet on the Galaxy S10. While it may be true (and is probably likely) that Samsung will be developing its own cryptocurrency tools, there’s no indication that these trademarks suggest a Samsung-branded cold wallet.

This report (and its debunking) further proves that all rumor should be treated as such. Any time you see a news outlet “confirm” a hot new rumor, you should buy a salt shaker large enough to contain the massive grain of sodium chloride necessitated by the exclusive leak. Just because it’s in print doesn’t mean it’s true.

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