Samsung and cryptocurrencies. How does a company use blockchain?
You have probably heard or even use products from the famous Korean brand Samsung. The company regularly flashes in the news headlines, announcing the start of sales of innovative solutions. However, in addition to the release of mobile and household appliances, Samsung is engaged in software development. For example, today the company announced the addition of cryptocurrencies to its own electronic wallet. Let us discuss all the subtleties associated with this decision, as well as touch on its non-obvious aspects. In the end, we summarize the verdict – does it make sense to use the innovation. So let’s get started.
What exactly does the company offer
Note that Samsung has long been interested in Blockchain and related technologies. For example, in 2018, the company presented a line of smartphones that have enhanced security standards. Then the solution was used to protect private cryptocurrency keys, and the company did not stop there. Obviously, the company sees in these decisions the future both for the entire industry and for its own financial well-being. The company seeks to develop new markets, it is a laudable and useful exercise. To work with crypto, the company even developed its own digital wallet, which can be downloaded for a mobile device. A good application with a nice design and high functionality is, in fact, much more important than it might seem. This is a sign and confirmation that large companies are ready and want to cooperate with crypto. And it is with this application that the latest news is connected.
The Korean company has entered into a partnership with the famous cryptocurrency exchange Gemini, the functionality of which will now be transferred to the Samsung mobile application. Now the general wallet will be able to fully work with transfers. The crypto can be sold, exchanged and withdrawn to accounts of interest. And all this is available directly from your smartphone. Of course, convenient functionality will allow you to monitor your own account on the Gemini exchange and manage assets with unprecedented speed and convenience. As the developers themselves say, their priority goal is to give a huge number of people independence, the opportunity to choose.
How to use the new application from Samsung?
It is important to understand that in order to start productive work you need to register your own account on the Gemini exchange. This is a reliable platform, there is no doubt in its safety. This is exactly what cooperation with Samsung says. A Korean company values its own reputation too much to work with unreliable partners. It should also be noted that the translation solution is available only to owners of smartphones running the Android operating system. If you have all of the above – feel free to start working with a new wallet. We strongly recommend checking for updates in the app store where you downloaded the wallet. Only current versions should be used that are equipped with maximum protection against burglary and fully comply with security standards.
The technical solution from well-known enterprises will finally allow you to fully use your own cryptocurrency and not worry about the safety of funds. Now you can safely carry out transfers to a bank card or online bank directly from your phone. True convenience and comfort. Follow all the news of the crypto industry with us so as not to miss current events, such as today. We publish only high-quality and interesting material. Thank you for the attention. Good luck and enjoy using the new app!