Samsung is taking the lead to integrate the SAMS blockchain decentralized freedom into its new phones through Samsung Blockchain . Samsung Coin Wallet adds an extra layer of security through Samsung Keystore to make the digital asset management secure and convenient for even Cryptocurrency newbies. This flagship idea of one of the top android phone companies is expanding through the new Samsung Smartphones and the company is working on new collaborations with SAMS to make it their perfect shot. What’s more exciting, Samsung has already partnered with Stellar, Decentraland, and Cardano ADA to become the next big player in Crypto World.
This is the era of 5G while our traditional banks and governments stick to the conventional methods that not only delay simple transactions but also put unwanted censorship. The intermediary role charges additional costs and there’s nothing to gain from the process. Samsung SAMS Blockchain adoption is making the world realize that freedom exists and it exists right at their fingertips.
With the blockchain implementation, Samsung SAMS Blockchain is seemingly becoming the Bitcoin, Crypto, and Blockchain player. The Korean Giant Smartphone Company shares 19% of the global smartphone market share by selling over 272 million units in 2021 alone. This market reach will encourage crypto adoption and widen the blockchain community even more.
Samsung Blockchain Wallet and Keystore:
Samsung blockchain is focused on ‘reshaping the mobile experience and accelerating the business opportunities. The Crypto wallet provides multichain support to many cryptocurrencies including Bitcoin, Stellar, and Ethereum. The wallet was developed to help bring new lads to crypto by keeping it super easy to use through a simple interface. Samsung Blockchain Keystore makes the wallet super-secure by keeping the private keys separately stored from android OS to protect the private keys and to sign the transactions.
The wallet is capable of storing digital currencies and personal information like your vaccination card and driver’s license. The added security of Blockchain Keystore protects users’ data against any kind of hacks. The ARM architecture will prevent any cyberattacks on your phone OS. Nothing to worry about as your private keys are NOT a part of the Samsung OS. The wallet was first introduced in 2019 with Samsung S10 which has now grown to support many popular coins like Bitcoin, Ethereum, Ethereum (ERC) Tokens, Tron, and Tron (TRC) Tokens. The wallet also includes support to many DApps (Decentralized Applications) using blockchain technology to provide secure access to crypto platforms like UniSwap Exchange. The wallet feature is currently supported by only Samsung S Series and it’s not clear yet if it will be available for the older Samsung devices. The digital ID feature is still in beta and it will debut in South Korea with the product release, according to the Samsung Press Release.
Samsung Hardware Wallet Support:
Cold storages are more secure compared to online wallets as anything connected to the internet is prone to hacking. Though Samsung Blockchain Wallet is immutable due to the Samsung Blockchain Keystore, Samsung offers Hardware wallet support for its over-concerned users. Samsung Blockchain wallet supports hardware wallets like Ledger Nano S and Ledger Nano X to secure the crypto assets in offline ‘cold storage’.
Samsung blockchain SAMS Collaborations to expand the crypto Community:
Samsung SAMS is joining the crypto giants to bring value to its blockchain endeavors. Samsung leads the android smartphones and its crypto journey will help bring new people to the blockchain world.
1. Decentraland Metaverse Integration:
Samsung SAMS has added the support for Decentraland, a Virtual Metaverse World, in their wallet. With this update, Samsung Wallet users can now enjoy exclusive access to access the virtual world, store NFTs, and buy and sell virtual land through their wallets. Decentraland is one of the successful blockchain play-to-earn games and virtual real-estate platform that is run by its community.
Samsung Foundation’s decentralized apps:
Samsung goes one step further by adding the SAMS DApps (Decentralized Applications) to Samsung Store. SAMS DApps include a large number of blockchain games including Blockchain Cutie, Meerkat Mining, Super Player, Timeloop, and Dig For It. The step was welcomed by Tron as it will help increase their user base.
2. Samsung Blockchain Wallet x Gemini
Samsung Blockchain wallet now works with US-based Gemini Cryptocurrency exchange to provide services in US and Canada. The integration will help Samsung Wallet users to transfer crypto between Samsung Wallet and Gemini Exchange. Additionally, this allows the wallet users to have access to some additional coins like Dai, Chainlink, Orchid, and BAT.
3. Samsung Blockchain SAMS with Steller and Cardano:
Cardano and Stellar are two major altcoins with MarketCap of $39.9 billion and $5.7 billion respectively, according to CoinMarketCap. Steller will help Samsung SAMS to integrate the Blockchain into its device to reach the wider community with added security and trust. Samsung SAMS joined Cardano to battle climate change with the vision to conserve more than 2 million treen in Q1 2022. Samsung’s Mark Newton says,
“Investing in tech innovations, such as those that create efficiency improvements and minimize waste, in combination with nature-based solutions, are vital in the fight against climate change.”
Samsung SAMS Crypto:
A crypto ecosystem is incomplete without a native token or coin and Samsung is already aware of this fact. Samsung’s blockchain adoption is self-evident of the enthusiasm of the company for crypto adoption. Samsung plans to make the Samsung Crypto mainstream by 2023 in South Korea before it spreads to the rest of the world. Since the company has 19% of the smartphone market share and sells millions of phones globally every year, this seems very practical to say that the target will be achieved sooner than planned.
Samsung SAMS is going beyond crypto coins to NFT and Metaverse world. The company recently announced to dole out NFTs worth 2 ETH for those who Pre-order Samsung’s New Galaxy S22 Smartphone or the new Tablet S8. Samsung is also diving into developing Metaverse devices and will use robot tech as its business growth tool. With so much bringing to the table, Samsung is really setting a bar for its competitors in the Android arena and will soon come toe to toe with the blockchain players.
