Samsung Blockchain Keystore Welcomes Stellar Into Galaxy Smartphones

The Samsung Blockchain Keystore officially welcomed Stellar’s blockchain network as the non-profit organization responsible for the crypto’s network growth announced today. Let’s find out more in the upcoming stellar lumens news.

In a press release that was shared earlier, the Stellar Development Foundation announced the integration of the Stellar blockchain network into the Samsung Blockchain Keystore which will allow all Galaxy Smartphones to store their Stellar Wallet private keys onto their phones securely. With the integration, Stellar’s blockchain developers will be able to create new apps for the Galaxy users.

The Stellar Lumens Development Foundation also partnered with Samsun to recruit and to promote the growth of the Stellar developers. All the companies based on stellar have already signed up to populate the Keystore with the apps, as the CEO and Executive Director of SDF, Denelle Dixon said:

“Stellar’s integration into the Samsung Blockchain Keystore is a significant step for our network and the incredible ecosystem of applications built on this platform. Samsung provides a key management solution that is user-friendly and drives greater adoption of blockchain technology. With this integration, we’ve opened up to a new network of users that can benefit from the combined innovation of Stellar and Samsung.”

As reported previously, Tron was the fourth cryptocurrency that was featured on the Samsung Blockchain Keystore which was followed by Samsung adding support for 3 TRON dapps back in 2019 in December. The Samsung TRON partnership achieved new highs as the former added a dedicated section for all dapps built on the TRON network. Samsung was quite progressive in the approach to embrace cryptocurrencies and blockchain technology. The latest partnership with Stellar took the total count of assets supported to 5.

Stellar is live in the Samsung Blockchain Keystore! We're partnering with Samsung to recruit and support developers in the ecosystem and create compatible apps and services. @dstoq @NodleIoT @satoshipay @litemintHQ are already on board.

Read more here: https://t.co/3XWyJFyllx

— Stellar (@StellarOrg) July 15, 2020

Back in May, Samsung partnered with Gemini to make the cryptocurrency exchange services that are available for its Blockchain Wallet for users in the United States and in Canada. XLM prices increased by 2% after the news and it is expected that the token will rally further.

Stellar saw huge growth over the past few days with about a 33% increase since the start of the month. In the meantime, it started to show positive signs after exhausting the bearish level in June at around $0.057 which is now holding the monthly support. After the massive weekly recovery, the price reached $0.099 with about 20% increase today but the test of the upper boundary of the channel, could pullback shortly to June’s high of $0.0864 before resuming the trend.