Samsung’s support for Gemini to improve accessibility to crypto

2020-8-17 13:52

Owners of Samsung phones will be able to buy, sell and store cryptos after its partnership with Gemini is online

Samsung recently added Gemini into its Blockchain Wallet ecosystem, giving its users the ability to easily buy and sell crypto with a user-friendly interface on their Samsung phones. As one of the most popular handset makers in the world, the ability to easily buy cryptos from a Samsung handset could be a game changer.

Samsung has developed a cult following, appealing to tech-savvy individuals. In 2019, Samsung held a 21.8% market share, with a total of 298.1 million units shipped.

New ways to do cryptos

With the large numbers that it brings to the table, Samsung has the capability to lead the charge for the adoption of cryptocurrencies with Gemini, a leading crypto exchange.

Gemini CEO, Tyler Winklevoss, commented on the partnership:

“Crypto is not just a technology, it is a movement. We are proud to be working with Samsung Blockchain to bring crypto’s promise of greater choice, independence, and opportunity to more individuals around the world.”

As mentioned in Cointelegraph, Gemini is designed to be beginner-friendly, focusing on buy-and-hold investment strategies rather than those used for actively trading, which are usually reserved for people who want to take on additional risk.

The beginner-friendly sentiment also applies to how Gemini is implemented on the Samsung blockchain. The device will act as a cold storage wallet, allowing users to avoid finding an alternative for a digital wallet.

A director at Gemini commented:

“For millions of Samsung users across the U.S. and Canada, being able to store crypto directly on their phones lowers another barrier to entry.”

An arsenal on a phone

The Samsung blockchain contains a vast amount of decentralised applications (dApps) for users to employ. The most recent collaboration was with a blockchain game called Decentraland.

The partnership allows the trade of non-fungible tokens from the game called LAND to be traded by players using the Samsung wallet.

Other notable collaboration includes one with AERGO where the partnership acts as an incubator for Decentralised Finance (DeFi) applications.

DeFi is a digitised and decentralised version of a traditional financial instrument. It could be used to take out a loan or to send money and so on without the cost or the drawbacks of having intermediaries.

Together with Gemini and other functions such as DeFi, Samsung could potentially deliver the whole blockchain and cryptocurrency industry to consumers that only have a phone. It could revolutionise how developers could approach investors and users in the future.

The post Samsung’s support for Gemini to improve accessibility to crypto appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Lendroid Support Token (LST) на Currencies.ru

$ 0.00049 (+0.76%)
Объем 24H $0
Изменеия 24h: 5.17 %, 7d: -58.34 %
Cегодня L: $0.00049 - H: $0.00049
Капитализация $0 Rank 3554
Цена в час новости $ 0.0005655 (-13.35%)

samsung crypto accessibility improve gemini support journal

samsung crypto → Результатов: 126


Фото:

Samsung Increases Crypto Info Security on its Smartphones

Korean electronics giant Samsung says it is improving the security infrastructure of its smartphones for enhanced protection of user’s crypto information. Samsung Eyes Tamper-resistant Crypto Information Storage In a press release issued on Tuesday (February 25, 2020), Samsung announced the introduction of a new Secure Element (SE) designed to better protect data stored on its smartphones.

2020-2-27 16:00


Фото:

In 1 Year, Samsung Has Gone from Bitcoin Miner Manufacturer to Accepting Crypto

Samsung, the $290 billion electronics giant, has started to accept crypto in its stores in the Baltic region as an alternative to fiat money on July 21, 2018. Heavily Involved in Crypto In South Korea, Samsung remains as the dominant conglomerate in virtually every major industry including insurance, real estate, construction, shipbuilding, automotive manufacturing, and finance.

2018-7-25 21:00


Samsung Accepts Cryptocurrency Payments in Three Baltic States

Samsung is reportedly accepting cryptocurrency payments in several Baltic States using crypto payment platform CopPay. The Lithuania-based company made the announcement today. Customers in Tallinn, Riga, Vilnius, and Kaunas in the countries of Estonia, Latvia, and Lithuania will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency.

2018-7-20 14:30


Google and Samsung’s Interest Could Make Ledger Europe’s First Crypto Unicorn

Every crypto user wants assurance that their crypto assets are in no danger of being stolen, and this is what has led to Ledger’s unprecedented success. Headquartered in Paris, the startup has been developing crypto management solutions since 2014, and with some infamous crypto heists in recent times reminding people just how prone they are […]

2018-7-14 02:00