Samsung is diving deeper into cryptocurrencies, the South Korean technology giant and creator of the Galaxy smartphone range, could soon become one of the biggest drivers of bitcoin, crypto and blockchain adoption.While bitcoin traders and investors are focused on the upcoming bitcoin halving, a looming U.S. bitcoin crackdown, and rocky crypto trading volume, Samsung is putting the power of bitcoin, crypto and blockchain in people's hands.
Recently, the smartphone company announced a partnership with cryptocurrency exchange Gemini, making it easier for users in the U.S. and Canada to buy cryptocurrencies such as Bitcoin on Samsung phones.
This is done through Samsung's Blockchain Wallet, which now integrates with the Gemini mobile app, allowing users to buy and sell cryptocurrencies. Users will also be able to view their Gemini account balances in the Samsung Blockchain Wallet app, as well as transfer their crypto into cold storage through Gemini's Custody feature.
Both the Samsung Blockchain Wallet and Gemini's mobile app are available in the Samsung Galaxy Store. Gemini is also available on Google's Play Store. The apps are only available for select Samsung devices, though, including the Galaxy S20 Series, Galaxy Z Flip, Galaxy Note 10 Series, Galaxy Fold, and Galaxy S10 series. Phones bought through Verizon are excluded. Samsung itself now lists 17 dapps in its Keystore, and is developing it own blockchain based on ethereum. It may ultimately release its own token, the firm has suggested.
Samsung first launched the Blockchain Wallet on Galaxy S10 devices, allowing users to send, receive and store cryptocurrencies, as well as use cryptocurrency-based decentralized apps (dApps).
Gemini offers its users the ability to buy, sell and securely store more than 20 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Zcash. It's the first U.S. cryptocurrency exchange to partner with Samsung.While Gemini users can obviously buy, sell, and trade crypto on Gemini itself, being able to do it in Samsung's Blockchain Wallet app makes the app a bit of a one-stop shop for all your cryptocurrency needs.
