‘A giant leap forward’: Samsung adds support for hardware wallets on Galaxy phones
- Samsung has made it easier to access blockchain on Galaxy devices by adding support for hardware wallets.
- Galaxy users can now import and manage all their crypto assets in a single location.
Samsung recently announced that owners of virtual assets can now manage and trade their cryptocurrencies from hardware wallets on Galaxy smartphones. They can do this by importing their crypto funds stored on hardware wallets to the Samsung Blockchain Wallet. The feature is available on most Galaxy devices running Android OS 9.0 or above, and currently supported hardware wallets are the Ledger Nano S and Ledger Nano X.
The announcement comes as the number of monthly active users of the Galaxy blockchain ecosystem has doubled over the past seven months, and the Samsung Blockchain Wallet now reportedly holds hundreds of millions of dollars in assets. Exact figures have not been shared by Samsung.
Originally launched with the Galaxy S10 back in 2019, the Samsung Blockchain Wallet allows users to manage their cryptocurrency accounts, send and receive virtual assets, and digitally sign and authorize crypto transactions. It supports most major cryptocurrencies including Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC, with more coins and tokens to be added in the future.
This content is available exclusively to Tearsheet Outlier members.
Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account