Samsung Blockchain Wallet has integrated the Gemini exchange
Samsung Blockchain Wallet has integrated the Gemini exchange
Blockchain

Samsung Blockchain Wallet has integrated the Gemini exchange

By Marco Cavicchioli - 29 May 2020

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The Gemini exchange has officially announced that it has been integrated into the Samsung Blockchain Wallet

The Korean company, a well-known smartphone manufacturer, for several months now has been committed to offering its users the secure storage of private keys of their tokens and their cryptocurrencies, in particular Bitcoin, Ethereum and TRON. 

Thanks to this collaboration with Gemini, Samsung Blockchain Wallet users will be able to connect it to the exchange’s mobile app and use the tokens stored in it to buy, sell and exchange cryptocurrencies. 

This is the Korean giant’s first collaboration with an American crypto exchange, and its specific mission is to make cryptocurrencies available to all Samsung users in the United States and Canada. 

In fact, by connecting the wallet integrated into Samsung devices to Gemini, users will be able to easily buy and sell cryptocurrencies, view their account balances, but also transfer their cryptocurrencies to Gemini Custody‘s cold storage to achieve a high level of security.

Gemini, as well as being the exchange founded by the famous Winklevoss twins, is also one of the most attractive crypto exchanges for traditional investors, with high standards of security and compliance with the strict US regulations. 

In addition, for some time now, it has also had internal insurance to provide protection for crypto deposits of up to $200 million. 

However, the most important thing is Samsung’s increasing involvement in the crypto world to offer its users increasingly simple and secure tools with which to benefit from these new technologies. 

Besides, South Korea is one of the countries in which the use of cryptocurrencies is most widespread, with a high interest on the part of citizens, in particular with regard to the possibility of investing in these new digital assets. Therefore, it is hardly surprising that the South Korean company, one of the world’s largest manufacturers of smartphones, has decided to be committed in this area. 

It’s not unrealistic to imagine that in the not too distant future all smartphones, or almost all of them, will be equipped with an integrated crypto wallet able to store tokens and interact with exchanges, similar to how Samsung Blockchain Wallet is doing with Gemini. 

Gemini’s director of operations, Jeanine Hightower-Sellitto, said: 

“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. 

Customer demand for regulated crypto products has remained strong across the investing spectrum, from retail to institutional investors, throughout the pandemic and we expect that demand to continue to grow”.

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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