Crypto Trends Pressure Samsung To Include Hardware Wallet Support To Galaxy Phones!

Samsung introduced support for third-party crypto hardware wallets to the Galaxy smartphone lineup.

The wallets include the Ledger Nano X and Nano S.

An announcement by the company claimed that their smartphones supporting the Samsung Blockchain Wallet, which is currently obtainable from the Samsung Galaxy store, can now be connected to crypto hardware wallets made particularly to secure users’ cryptocurrencies.

Samsung began introducing crypto support to its smartphones when it released the Galaxy S10 in February 2019.

Support came from the Samsung Blockchain wallet, which, at the moment, supports ETH, BTC, ERC-20, TRX tokens, and TRC-20 tokens.

They released a software dev kit to allow third parties to craft decentralized applications, which the Samsung Blockchain Wallet is compatible with.

IT reportedly uses “vault-like” security via Knox, a secure division of Samsung’s devices separated from the rest of the OS (operating system).

Here is an official introduction video:

Samsung also recently started integrating U.S. crypto exchange Gemini, kickstarted by the Winklevoss twins. Its compatibility with hardware wallets is being published with Ledger Nano S and Nano X, but the company aims to expand its reach to other cold-storage wallets.

Joining a hardware wallet to Samsung’s wallet will grant holders the ability to use their funds in decentralized situations, it appears, and to keep track of them without needing to connect the device to the wallet.

Some rumours say that Samsung introduced support for crypto since 2018 after the South-Korean tech giant filed for three trademark applications in the EU for crypto and blockchain-related software.

Stay tuned to learn more about blockchain and crypto for your Samsung device! The developers may have something in store for us.

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