The largest smartphone producer Samsung integrated the Gemini exchange into the Blockchain wallet of the Galaxy smartphones in Canada and in the US. In today’s blockchain news, we take a closer look at what this could mean for the popular crypto exchange.
By joining the Samsung Blockchain wallet and the Gemini mobile app, the users will be able to purchase and sell cryptocurrencies with their Gemini account balances and will also be able to transfer their crypto into colds storage with the help of Gemini Custody. Gemini is the first US crypto exchange and custodian partner with Samsung according to the announcement. The Samsung Blockchain wallet and the Gemini mobile app are available in the Samsung Galaxy Store for the Galaxy Z Filip, Galaxy S20 Series, Galaxy Note 10, and Galaxy S10 series. The Managing director of operations Jeanine Hightower Sellitto said:
“It’s a full integration between the two apps that’s very transparent and very easy to use.”
As Samsung integrated Gemini, the 24-hour trading volume on the exchange reached $20.6 million while Bitcoin is responsible for about 85 percent of it and Ethereum about 10%. As previously reported, the improved regulatory climate and a better understanding of the technology are attracting more and more people to crypto which will only increase the adoption.
Jullian Sawyer, the managing director for Gemini Europe explained that we can soon expect an increase in crypto adoption in the region. Also, the major investment bank JPMorgan Chase welcomed Gemini and Coinbase as their new crypto clients. In the meantime, THETA.tv, powered by the THETA blockchain, said that might be featured as one of the content providers available on the Samsung Daily platform which is pre-installed in every flagship Galaxy S20 phone that enters the US.
Also as previously reported, The Tron (TRX) cryptocurrency seems to be extending its ecosystem partnership with Samsung Blockchain as a new section that will feature some blockchain games on its mobile devices. As indicated by Tron before, the Samsung store will feature “applications like Blockchain Cuties, Super Player, Meerkat Mining, and Timeloop. This way, owners of the Samsung smartphones in specific countries will see the Tron dApps in an alternative app store.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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