Samsung Galaxy to now support cryptocurrency trading and management

Samsung Galaxy to now support cryptocurrency trading and management

One of the leading electronics giant, Samsung Electronics, has reportedly taken a revolutionary step in the thriving blockchain industry; supporting crypto asset trading and management in its Galaxy devices. It has been claimed that the Galaxy users can now import and manage all their assets from cryptocurrencies like bitcoin and DApps in one, easy-to-use and secure location.

Apparently, this new update makes it easier for blockchain users to access and process transaction by importing virtual assets stored on cold hardware wallets to the Samsung Blockchain Wallet.

According to reliable reports, support for hardware wallets is expected to provide Galaxy blockchain with constant user experience of managing such assets from one convenient location. Apart from Samsung Blockchain Keystore, Samsung Galaxy phones can now easily connect to wallets such as Ledger Nano X and Ledge Nano S.

Besides, Samsung Blockchain Wallet users would now be able to keep up with the current trends in cryptocurrency with a devoted newsfeed in the application featuring exclusive articles from one of the leading blockchain news portals, CoinDesk.

It would be essential to mention that Samsung Blockchain Wallet has full-grown to support some of the most well-known cryptocurrencies including Ethereum, Bitcoin, Tron, ERC tokens, and TRC tokens. Moreover, it allows Galaxy users to explore DApps that make use of blockchain tech to validate the exchange of digital assets.

Securing devices stands to be a vital requirement for all electronics producers, in an attempt to store and manger virtual assets. In this regard, Samsung’s mobile blockchain solutions are made possible by the defense-grade Samsung Knox security. The private keys used for DApps and cryptocurrency are encoded and stored in a location secluded from the main operating system called Samsung Blockchain Keystore.

The information thus generated is further secured by a processor and can only be accessed by providing the asset owner’s fingerprint or PIN.

Source Credit: https://news.samsung.com/global/samsung-makes-it-easier-to-use-blockchain-on-galaxy-devices-with-support-for-hardware-wallets