Samsung has added support for Ledger Nano hardware wallets to the Samsung Blockchain Wallet that ships with Galaxy smartphones.
In 2019, the Samsung Galaxy S10 smartphone received a key store for cryptocurrency wallets. Samsung Blockchain Wallet supports BTC, ETH, TRX, as well as ERC-20 and TRC-20 tokens.
The Decentralized Application Developer Kit (SDK) allows third parties to create applications, including services for paying for goods and services in cryptocurrencies, by scanning a merchant’s QR code.
The company has now added support for Ledger hardware cryptocurrency wallets. Samsung VP and Blockchain Leader Woong Ah Yoon said:
“We are adding support for hardware wallets to provide our customers with not only increased convenience, but also a whole new level of security. We will start by providing support for Ledger products including the Nano S and Nano X. We then plan to expand support to more cold storage wallets. ”
According to Yoon, the number of monthly active users of the Galaxy ecosystem has doubled in the past seven months, and the wallet in the smartphone is now used to store hundreds of millions of dollars of assets.
Samsung’s wallet, with its smart key storage, uses an independent enclave of storage on the device, which Yoon says means “applying some kind of cold storage logic.” Samsung VP said:
“The Samsung Blockchain Wallet is not a 100% cold storage, but it is not a hot wallet either. It is immune to all external attacks that might accompany an internet connection. This is something between a cold and hot wallet, one might say, a warm wallet. ”
Samsung’s support for Ledger hardware wallets adds user-friendly features, such as the ability to use the Samsung app to check the prices and amount of cryptoassets stored in the hardware wallet, even after the two devices have been disconnected.
“This is the first blockchain mobile application that allows you to do this,” Yoon said.
