Samsung Updates Galaxy Smartphones With New Support for Crypto Hardware Wallets

Samsung Updates Galaxy Smartphones With New Support for Crypto Hardware Wallets

Tech giant Samsung Electronics has made it easier for Galaxy smartphone owners to secure their cryptocurrencies on the phone.

In a new announcement, the company disclosed that it had updated the Samsung Galaxy Phones to enable users to connect their Samsung crypto wallet to third-party hardware wallets.

Samsung Galaxy Users Get Crypto Upgrade

According to Samsung, the update will make it easy for blockchain users to import their digital assets from their hardware wallets to their Samsung wallet.

This means users can easily access and process crypto transactions easily on their Galaxy smartphones.

The hardware wallets that can be connected to the Galaxy smartphones include the popular Ledger Nano S and the Nano X options.

Also, Samsung Blockchain Wallet users will get a dedicated newsfeed on the latest trends in cryptocurrency.

Samsung Galaxy users will be able to explore decentralized apps (DApps) on the platform as well. There are about 40 Dapps presently on the platform. The Asian giant has called on more developers to build more DApps that generate, store, and manage blockchain accounts easily.

Samsung Ramps Up Crypto Involvement

Samsung’s first entrance into the blockchain sector was after it launched its Galaxy S10 smartphone in 2019.

The tech firm introduced the Samsung Blockchain Keystore and Wallet to enable cryptocurrency private keys to be secured through encrypted storage.

Samsung uses its defense-grade Samsung Knox security platform to secure the wallet, which can only be accessed using the asset owner’s PIN or fingerprint.

With this new move, Samsung has reinforced its stance of putting the power of cryptocurrency and blockchain in people’s hands.

Since its foray into crypto, Samsung has expanded its support for many cryptocurrencies, including Bitcoin, Ethereum, Tron, Klaytn, and Stellar. It also offers a buy feature where users can buy and sell cryptocurrency via integration with Gemini.

This Gemini integration on the Samsung wallet was incorporated in 2020 as part of the company’s efforts to help bring crypto to the fingertips of Samsung Blockchain Wallet users in the United States and Canada.

Meanwhile, Samsung is not the only phone provider to have dived into crypto. Taiwan-based tech manufacturer HTC was one of the first to market with the announcement in 2018 that its Exodus 1 smartphone would be able to store BTC and Ether natively.

In 2020, HTC partnered with Mida Labs to use its DeMiner app on the Exodus 1S model to allow users of its Exodus blockchain phone to mine cryptocurrency.

This article is Originally posted on CoinCentral.com
Author: Jimmy Aki

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