Samsung Galaxy users can now migrate their cryptocurrencies and digital assets from their Ledger hardware wallets to their own smart devices through the Samsung Blockchain Wallet.
In a release recently published by Samsung Electronics, the company reported that all its mobile devices Samsung Galaxy are now secure locations, from which users can import and manage their digital assets, such as cryptocurrencies, and decentralized applications (dApps), in an integrated way with the devices of Ledger.
The company continues to bet on technology blockchain and announces the new integration of its product Samsung Blockchain Wallet with Ledger physical wallets. With this new functionality, Samsung seeks to facilitate the management and exchange of cryptocurrencies and digital assets from third-party wallets or physical purses on Galaxy series smartphones.
This integration makes it easy for cryptocurrency and dApp users to access and process transactions, easily and securely, by importing their assets stored in the hardware wallets. Samsung Blockchain Wallet is a product available to Samsung users since 2019, when the technology and communication multinational began providing management and storage services for cryptocurrencies.
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75 million Galaxys sold this year
So far this year, Samsung has recorded the highest sales of its Galaxy series mobile devices, especially its S21 model. It is estimated that sales of Galaxy smartphones already exceed 75 million devices worldwide in 2021, with the Latin American and Korean markets being the ones with the highest demand for these smartphones.
With this figure, the strong demand and growth that exists for the company's products is notable, which has doubled in the last 7 months. By offering compatibility with Ledger hardware wallets, Samsung seeks to expand its mass adoption, while offering an optimized user experience for managing their digital assets.
“In addition to the Samsung Blockchain Wallet, Galaxy smartphones can now connect to hardware wallets, including the Ledger Nano S and X”. Samsung explained in its statement.
For its part, Woong Ah Yoon, vice president of Samsung and head of the company's blockchain area, noted during an interview that with this integration, Samsung provides its customers not only with greater convenience, but also a completely new level of security. The company plans to expand the integration of Samsung Blockchain Wallet with other cryptocurrency storage devices in the future.
Samsung Blockchain SDK
To complement its blockchain product offering, and ratify its firm belief in new technological developments, Samsung has Samsung Blockchain SDK, a platform designed for developers, where they can create decentralized applications from which they can generate, store and manage blockchain accounts and other products based on this technology, easily and securely.
Samsung Blockchain SDK also enables transaction processing with APIs dedicated to each accounting system, Samsung said, allowing dApps to securely sign digital asset transfers using third-party hardware wallets, such as Ledger. Among its blockchain products, Samsung also integrates Private Shares, a tool that ensures that users' personal and valuable data and information are managed and shared without compromising privacy. Likewise, Samsung, which has been innovating in blockchain technology for several years, also joined Theta to bring blockchain streaming to its millions of users around the world.
For its part, Ledger is the largest manufacturer of hardware wallet devices for highly secure cryptocurrency storage. Recently, this company announced the launch of a limited edition device called Dogecoin Nano S.
Continue reading: Ledger prepares a new data security system
