Samsung Now Allows Galaxy Phone Owners to Manage Cryptocurrencies

Samsung Galaxy Blockchain Device

The idea of ​​blockchain has been around for years, but it is not a topic that we cover frequently. The subject can be complicated for some. In the early days, related apps were known to be vulnerable. The idea of ​​cryptocurrency has been working ever since, but there aren’t many mobile devices that officially support the system. In recent years, we have seen some other solutions like browsers with built-in crypto wallet. HTC introduced a phone with hardware wallet and bitcoin node support.

Samsung wants to get in on the game by officially adding hardware wallet support for Galaxy devices. This move allows users to import and manage their cryptocurrency and DApps assets in a single location that is safe and easy to use. The South Korean tech giant announced that blockchain management can now be done on Galaxy phones.

Virtual asset trading from third party wallets is now allowed on Galaxy phones. Samsung is adding support through an update. Specifically, it is possible with the Samsung Blockchain Wallet on Galaxy devices.

Samsung Blockchain Wallet users can use the system with more confidence now with official support. This means that you can update yourself with the latest cryptocurrencies on your Galaxy phone. The company also added Samsung Blockchain Keystore plus access to Ledger Nano X.2 and Ledger Nano S.

Samsung isn’t exactly new to the game. The Galaxy S10 launched in 2019 included the Samsung Blockchain wallet. It now supports different cryptocurrencies, from Ethereum to Bitcoin, TRC tokens, Tron (TRX), and ERC tokens. The wallet also allows Galaxy phone users to use DAppd that take advantage of blockchain technology.

Samsung he just wants Galaxy phones to be more secure. It is possible with the company’s blockchain solutions as they are protected by Samsung Knox. Samsung has encrypted applications and data in a different place than the main operating system. There is also the Samsung Blockchain keystore which is protected by a secure processor.

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