Galaxy owners will be able to connect hardware wallets to their smartphones and transfer coins to the built-in wallets that come with most devices in the popular series. Samsung said this makes it easier for users to access its cryptocurrency and conduct transactions.
Update allows Galaxy users to link their crypto wallets to cold storage devices
Samsung has released an update that will increase the utility of its cryptocurrency wallet, which was first introduced in the Galaxy S10 series two years ago. The app can now be linked to selected hardware wallets, such as Ledger Nano S and Ledger NanoX. The new feature helps to transfer encrypted funds from cold storage to mobile apps. In the press release, Samsung emphasized:
By importing virtual assets stored in specific cold hardware wallets into Samsung Blockchain Wallet, this update makes it easier for blockchain users to access and process transactions.
Galaxy devices running Android OS 9.0 or higher will support this new feature, but availability may vary by model. Support for third-party hardware wallets also varies from market to market. Samsung pointed out that the Bluetooth function of the Ledger Nano X may be restricted when connected to the Samsung wallet.
New features increase Galaxy’s appeal to cryptocurrency users
In 2019, the South Korean technology giant announced the integration of a security platform into the Galaxy S10 smartphone, where encryption enthusiasts can store and manage their digital assets. The private key used to authorize cryptocurrency transactions is encrypted and stored in an area isolated from the main operating system and all other applications. Only after passing the PIN or fingerprint verification, can you access the data in the Samsung Blockchain keystore, and it is protected by Samsung’s Knox security software.
The keystore can be found under “Settings” “Biometrics and Security”. After the setup is complete, the system will invite you to create a new encrypted wallet or link an existing encrypted wallet. Samsung blockchain wallet supports multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), ERC token, tron (TRX) and TRC token. The app also allows users to use blockchain technology to explore decentralized applications (dapps) to verify the exchange of digital assets, Samsung’s detailed information.
Samsung Electronics is one of the first smartphone manufacturers to introduce cryptocurrency and token support to its devices. Initially, Samsung Blockchain Keystore was available in a limited market, and the initial announcement only listed South Korea, the United Kingdom, and the United States. Initially, Bitcoin (BTC) was not among the coins supported by Samsung Blockchain Wallet, but later cryptocurrencies were added.
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