In a breakthrough, Korea-based smartphone brand Samsung has become the first smartphone company to offer a wallet that could hold an investors' all of the crypto holdings.
Here we tell all you should be knowing about the new Samsung wallet
• With distinction of providing cryptocurrency wallet with its Samsung mobile devices, the company has been the forerunner in the advanced technology space.
• This the major mobile manufacturing company did with Galaxy S10 in the year 2019
Bitcoins are typically store in 2 ways:
1. As online mode in digital wallets where virtual currencies such as BTC, ETH etc are stored.
2. Hardware wallets that are considered as more safe, herein these cryptos are held in an offline manner.
Samsung extends support to hardware wallets in its Blockchain Wallet app
Typically when carrying a bitcoin or crypto transaction, these cryptos will have to be moved from the hardware wallet. And the process has been simplified by the Samsung Blockchain Wallet app as it extends support to hardware wallets over its app.
Some of the hardware wallets now compatible with the Samsung's Blockchain wallet app
Some of the hardware wallets that are functional with Samsung's Blockchain Wallet app are Ledger Nano S and the ledger Nano X. Also, the company has embedded a newsfeed into its app that will provide users with the latest cryptocurrency news from world over.
Samsung has updated the app and added a dedicated newsfeed that will provide users with the latest news from the world of cryptocurrency.
Most of the leading cryptocurrencies as well as tokens are being supported by the latest Samsung platform and the app helps users in accessing decentralized apps also.