Multinational tech conglomerate, Samsung, is onboarding crypto exchange and custody service Gemini directly into its blockchain wallet.
The integration of Gemini's mobile app will enable Samsung users to instantly buy, sell, and trade cryptocurrencies, such as Bitcoin and Ethereum, as well as place them into cold storage via Gemini's custody service.
"Crypto is not just a technology, it is a movement. We are proud to be working with Samsung to bring crypto's promise of greater choice, independence, and opportunity to more individuals around the world," said Gemini CEO Tyler Winklevoss. "Now, Samsung Blockchain Wallet customers can buy crypto in a simple, elegant and secure way on Gemini."
Launching in 2018 alongside Samsung's flagship smartphone, the Galaxy s10, Samsung's blockchain wallet was lauded as a genuine game-changer by the cryptocurrency community. Not only was it one of the first major smartphone firms to facilitate safe storage of cryptocurrencies out of the box, but it also extended support to a host of decentralized apps (dapps).
Exclusive: Inside Samsung's new S10 cryptophone
Samsung’s flagship S10 smartphone has many firsts for the South Korean conglomerate. It has a giant, almost bezel-less screen, can charge other devices, will (eventually) support 5G, and, it’s the first Samsung phone to come crypto ready. The S10 will have an inbuilt crypto wallet that supports Ethereum, but not bitcoin as rumors previously suggested. The S10 will also have wallet support for two less-well-known crypto entities, Enjin, a platform for developers to build blockchain-based games...
Since its arrival, the blockchain wallet has expanded from the s10 series into several other Samsung devices, including the Galaxy S20 Series, Galaxy Z Flip, and the Galaxy fold.
"Samsung is committed to establishing a simple and secure gateway for more individuals to enter the blockchain and cryptocurrency ecosystem," stated a press release.
Now, with the integration of Gemini, Samsung's relatively nascent wallet looks to up the ante on its crypto venture.
