Samsung has the distinction of being one of the first major smartphone manufacturers to offer a cryptocurrency wallet for its smartphones. It did so with the Galaxy S10 in 2019. Samsung’s blockchain platform continued to grow after the SDK opened.
The company today announced that it is making virtual currency trading even easier for users. It added support for some hardware wallets to the Samsung Blockchain Wallet app.
Some hardware wallets now work with the Blockchain Wallet app
Cryptocurrencies can generally be held in two types of wallets. There are digital wallets that store virtual assets like Bitcoin, Ethereum, and other online tokens. Hardware wallets store these assets offline and are more secure.
So if you want to make a cryptocurrency transaction, you need to move the tokens from the hardware wallet first. To make this process easier, Samsung has added support for hardware wallets to its Blockchain Wallet app. The Ledger Nano S and Ledger Nano X are among the hardware wallets that can now be used with the Blockchain Wallet app.
Samsung has updated the app and added a dedicated news feed that will provide users with the latest news from the cryptocurrency world. Articles from various blockchain media such as CoinDesk will be available in the app.
Samsung Blockchain Wallet app supports some of the most popular cryptocurrencies and tokens. It also allows users to access decentralized applications. These applications use the blockchain to authenticate the exchange of digital assets. Decentralized applications for social media, gaming, finance and security are available through Samsung’s blockchain solution