• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Samsung doubles down on mobile support.

Samsung Adds Support For Hardware Wallets On Galaxy Devices

Taylor Scott by Taylor Scott
2 years ago
in Blockchain, Cryptocurrency Market News, Cryptocurrency Technology
Reading Time: 3 mins read

Samsung Electronics has added new support assets for blockchain users with hardware wallets this week. The move will impact mobile Galaxy owners, allowing them to use third-party hardware wallets with the Samsung Blockchain Wallet app. In their press release, Samsung has sought out to explicitly provide hardware support for Ledger Nano S and Nano X. The company stated, however, that they plan to support more cold-storage wallets moving forward.

Samsung Blockchain

The journey to initiate hardware support, of course, started with straightforward blockchain integration. In 2019, Samsung released Samsung Blockchain and dedicated crypto wallet support, without extensive fanfare. The company rolled out the blockchain software in tandem with the Galaxy S10 release. A major focal point for the blockchain offering is the included software development kit. The kit opened the door for Samsung to support developers in creating decentralized apps. Dapp support is driven through the Blockchain Keystore SDK.

Of course, the other major emphasis of the Samsung Blockchain is security. This comes by way of the company’s self-described ‘Samsung Knox’ and ‘Trusted Execution Environment (TEE)’. Knox is a secure holding space for crypto users that is separate from the main operating system, accessible only via PIN or biometric authentication. Knox is essentially a “secure processor dedicated to protecting your PIN, password, pattern, and Blockchain Private Key”, as the company describes it.

Related Reading | Cardano Turning Down Dapps Due To Sheer Volume Of Applications

Galaxy Support

The update to begin supporting cold-storage wallets will be applicable for Galaxy users running Android 9.0 and above. The company also cautioned that in the initial roll-out, Nano X bluetooth features may be limited.

The Korean-based firm continues to keep promotional activity around new blockchain-related features somewhat under the radar, despite continuous and evolving support.

BTC's consistency has given more companies good reason to integrate | Source: BTC-USD on TradingView.com

Continued Crypto Support

Samsung has continued to release crypto-related support with a relatively quiet approach. In 2020, the firm partnered with crypto exchange Gemini to streamline Galaxy users consumer experience. The company continues to offer consumer and developer assets, such as a dedicated crypto newsfeed available in the Blockchain Wallet app. For developers in particular, offerings include extensive resources, such as APIs that allow dapps to securely sign for transfers of virtual assets.

After initially support ethereum in 2019, and adding bitcoin shortly thereafter, the company now offers over thirty coins, including stablecoins. Samsung continues to stay relatively quiet despite what seems to be continued investment. In a public statement, head of blockchain and company VP Woong Ah Yoon stated that monthly active users of the blockchain app have doubled over the past seven months. Without sharing hard figures, Yoon added the smartphone wallet is currently used to hold hundreds of millions of USD in AUM (assets under management).

Related Reading | Go Phish: How This Bitcoin Investor Lost 17 BTC To An iPhone App

Featured image from Pixabay, Charts from TradingView.com
Tags: blockchaincold storagehardware walletmobilesamsung
Tweet123Share196ShareSend
Taylor Scott

Taylor Scott

Taylor specializes in crypto activity across sports and entertainment. With nearly a decade of engagement with cryptocurrency, Taylor has spent several years working in talent representation with musicians, comedians, and speakers, and achieved a Sports Business MBA in 2020.

Related Posts

With BTC Hovering Under $30K, Investors are Switching to WSM, YPRED, and LPX for Diversified Returns

With BTC Hovering Under $30K, Investors are Switching to WSM, YPRED, and LPX for Diversified Returns

1 min ago
ARPA Price Prediction After Over 100% Rally in May – 3 Best Low Cap Crypto Gems to Buy in June

ARPA Price Prediction After Over 100% Rally in May – 3 Best Low Cap Crypto Gems to Buy in June

10 mins ago
Ethereum staking

LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

2 hours ago
Masternodes: The Driving Force Behind Blockchain Adoption

Masternodes: The Driving Force Behind Blockchain Adoption

3 hours ago
Lido Centralization Concerns on Ethereum

Lido Centralization Risks On Ethereum Raises Concerns: Will LDO Crash?

15 hours ago
Gate.io

Gate.io Faces Insolvency Issues Amid Multichain’s CEO Arrest: $130 Million Net Outflow In 24 Hours

16 hours ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    2 days ago
  • Willing to buy new crypto: Here are the best 10...

    2 days ago
  • Best Crypto Meme Coin Presales in 2023

    2 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • These Two Projects are the Future of Web3: Launchpad XYZ...

    27 mins ago
  • $WSM Hype Peaks as the Presale Blasts Past $1.5 Million in...

    2 hours ago
  • Dogecoin Volatility Set to Erupt: Wall Street Memes and...

    2 hours ago
  • XRP to hit 5$ Dogecoin chart suggests volatility Tradecurve...

    3 hours ago
  • 5 Reasons Why SCORP Could Set the Next Crypto Trend After...

    3 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.