Samsung Galaxy users can now import and manage all their assets for cryptocurrencies and DApps in one
Samsung Electronics announced that blockchain users can now manage and trade virtual assets from third-party wallets on Samsung Galaxy smartphones. The update makes it easier for blockchain users to access and process transactions by importing virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet available on most Galaxy smartphones.
According to the press release on May 13, in addition to the Samsung Blockchain Keystore, Galaxy smartphones can now connect to hardware wallets including the Ledger Nano S and Ledger Nano X. Samsung Blockchain Wallet users will also be able to keep up with the latest trends in cryptocurrency with a dedicated newsfeed in the app featuring articles from CoinDesk, AZCoin News, and other crypto newspapers.
“To store and manage virtual assets, devices must be secure. Samsung’s mobile blockchain solutions are made possible by the defense-grade Samsung Knox security platform. The private keys used for cryptocurrency and DApps are encrypted and stored in an area isolated from the main operating system called the Samsung Blockchain Keystore. This information is further protected by a secure processor and can only be accessed by providing the asset owner’s PIN or fingerprint,” the press release said.
Samsung Blockchain Wallet has supported some of the most popular cryptocurrencies including Bitcoin, Ethereum, ERC 20, Tron, and TRC 20. It also allows Galaxy users to explore DApp that uses blockchain technology to authenticate the exchange of digital assets.