The cryptocurrency and blockchain community is now enjoying another great news as two prominent names in their respective fields have teamed up to push crypto adoption. This exciting news involves Samsung and crypto custodian and exchange, Gemini. Through this partnership, Gemini mobile app will be integrated to Samsung Blockchain wallet.
Tyler Winklevoss, co-founder and CEO of Gemini, announced the partnership in a blog post published on Thursday, May 28th. According to Tyler Winklevoss, “this integration will allow Samsung Blockchain Wallet users to connect to the Gemini mobile app to buy, sell, and trade crypto.”
With this integration, Gemini has become the first crypto exchange and custodian integrated with Samsung Blockchain wallet. Also, Gemini is the first crypto exchange to let U.S. and Canadian users of Samsung’s blockchain wallet view balances in their wallet app. With just one tap, user will redirected to Gemini Mobile.
With this integration, users of Samsung’s crypto wallet, which allows self-custody of bitcoin and crypto directly on newer Samsung Galaxy models, will be able to buy and sell bitcoin and a small selection of other cryptocurrencies via the Gemini exchange. Samsung users can also transfer their crypto asset into cold storage with Gemini Custody for the highest level of security.
Tyler Winklevoss said:
“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.”
Gemini Trust Company LLC, founded by Tyler Winklevoss and Cameron Winklevoss in 2014, is a licensed digital asset exchange and custodian built for both individuals and institutions, based in New York. According to Gemini, its solutions meet the complex, high-stakes requirements of institutions without cutting corners on security, speed, or support. The firm launched its stand-alone app Gemini Mobile in late 2018 to allow customers sell, buy, and store on go.
Samsung, the South Korean smartphone giant, joined blockchain space not long ago. Samsung launched its Blockchain Keystore in 2019 with Galaxy S10. The main purpose of the wallet is to allow users to make transactions in cryptocurrencies and easily access DApps on their smartphone. Samsung Blockchain Keystore also provides a SDK for developer to develop DApps.
As Crypto Economy reported, famous DApp network Tron is also available on Samsung Blockchain Keystore SDK that allows developers to build application on Tron blockchain and enable consumers to access these applications via Samsung devices.