South Korean tech giant Samsung has added support for third-party cryptocurrency hardware wallets to its Galaxy smartphones. These wallets contain the Ledger Nano S and Nano X.
According to an announcement by the company, its smartphones that support the Samsung Blockchain Wallet, which is available from the Samsung Galaxy Store, can now be linked to cryptocurrency hardware wallets specifically designed to keep users’ crypto assets safe.
Samsung started adding cryptocurrency support to its smartphones back in February 2019 when it launched the Galaxy S10 device. Support is provided via the Samsung Blockchain Wallet, which currently supports BTC, ETH, TRX, ERC-20 tokens and TRC-20 tokens.
A software development kit has been introduced that allows third parties to create decentralized applications supported by the Samsung Blockchain Wallet. IT reportedly uses the “vault-like security” of Knox, a secure enclave on Samsung devices isolated from the rest of the operating system.
Samsung also recently incorporated the US-based cryptocurrency exchange Gemini, which was founded by the Winklevoss twins. Hardware wallet support is introduced with Ledger Nano S and Nano X. However, the company plans to expand support to other cooling bags.
By connecting a hardware wallet to the Samsung wallet, owners can apparently use their money in decentralized applications and keep track of things even without connecting the device to the wallet.
According to CoinDesk, Samsung’s Vice President and Head of Blockchain Woong Ah Yoon, announced that the monthly active users of the Galaxy blockchain ecosystem have doubled in the past seven months. The Samsung Blockchain Wallet contains hundreds of millions of dollars worth of crypto.
Rumors that Samsung was rolling out support for cryptocurrencies on its devices began circulating as early as 2018 after the company filed three trademark applications for blockchain and cryptocurrency software in the European Union.