Ledger integrated into Samsung’s wallet

Ledger integrated into Samsung’s wallet

Bitcoin Ethereum News
May 17, 2021 by J.D. Smith
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Samsung has announced that it has added support for hardware wallets such as Ledger Nano S and Ledger Nano X to its wallet.  The Korean company’s official press release reveals that Galaxy users can now manage and exchange virtual assets from third-party wallets directly on their smartphones. This update aims to make it easier for

Samsung has announced that it has added support for hardware wallets such as Ledger Nano S and Ledger Nano X to its wallet

The Korean company’s official press release reveals that Galaxy users can now manage and exchange virtual assets from third-party wallets directly on their smartphones.

This update aims to make it easier for users to access and process transactions by importing virtual assets stored on cold hardware wallets directly within the Samsung Blockchain Wallet, which is available on most Galaxy smartphones

The aim is to provide a consistent user experience when managing crypto assets using a single location. 

The Samsung Blockchain Wallet was launched in 2019 with the Galaxy S10, and now supports Bitcoin, Ethereum, ERC tokens, Tron (TRX) and TRC tokens. It also allows users to explore various dApps, such as games, social media, financial apps, and more. 

It is based on the Samsung Knox security platform, and private keys are encrypted and stored in an area isolated from the main operating system, called Samsung Blockchain Keystore. Furthermore, this information is protected by a secure processor and only accessible by providing the owner’s PIN or fingerprint. 

Finally, the company has decided to open up access to its blockchain ecosystem with Samsung Blockchain SDK, which allows developers to create dApps and provides APIs that allow dApps to securely sign virtual asset transfers using third-party hardware wallets as well.

Samsung’s wallet evolution integrated with Ledger

One of the limitations of hardware wallets is usually that they are not particularly convenient to use on a smartphone, and sometimes they don’t even have official mobile apps. Direct integration with the devices’ native wallets, on the other hand, makes them very easy to use, provided that the integration allows high-security standards to be maintained. Moreover, since there is no need to download third-party apps to the smartphone, native integration is actually one of the most secure ways to use a hardware wallet on a mobile phone. 

In the future, it may be possible to connect any hardware wallet to any other connected device, so that funds stored in the wallet can be used directly in apps installed on the device, but without having to grant individual apps permission to access the wallet. 

Samsung, thanks also to this integration with Ledger, is once again paving the way for a greater diffusion of cryptocurrencies for use on the move.