Gemini Is The First Bitcoin Exchange To Boost Samsung’s Blockchain Ecosystem
Samsung became supportive of the crypto space a while ago, and the tech giant continues in the same direction.
The crypto space is celebrating a great milestone today, with Bitcoin finally being able to hit the important $10k resistance level after about ten days of consolidation below it.
At the moment of writing this article, BTC is trading in the green and the most important coin out there is priced at $10,108.78.
Crypto exchange Gemini teams up with Samsung
Now, it’s been just revealed that the crypto exchange Gemini is collaborating with Samsung Electronics in a push to bring crypto mass adoption closer.
Gemini is going to power Samsung’s native blockchain wallet, and it will allow users in the US and Canada to connect to Gemini’s mobile app straight from the smartphones.
We’ve partnered with Samsung to bring crypto to millions of Samsung mobile phone users!https://t.co/kffroI27B5
— Tyler Winklevoss (@tylerwinklevoss) May 28, 2020
This integration is supporting people who want to buy, sell and trade Bitcoin and more cryptos.
This also marks the very first time that a US crypto exchange has teamed up with Samsung as well.
What can Gemini customers do?
This new crypto gateway will be allowing Gemini users to view their account balances and manage their cryptos.
— Forbes Crypto (@ForbesCrypto) May 28, 2020
This will allow crypto transfers to Gemini’s cold storage – which enabled users to hold crypto offline, and this means fewer hacking risks involved.
Tyler Winklevoss, the co-founder of Gemini stated the following:
“The Samsung Blockchain Wallet is a convenient and secure crypto-wallet that allows users to self custody their crypto directly on their Samsung Galaxy phone supporting the Samsung Blockchain.”
You can check out more details about Samsung Blockchain in the video above.
Olympic rower and cryptocurrency investor. Winklevoss is the co-founder of Winklevoss Capital Management, a blockchain venture capital firm. Winklevoss also co-founded the next-gen exchange, Gemini, where he now stands as CEO. The business mogul is currently seeking approval for a Bitcoin ETF Winklevoss Bitcoin Trust, having already launched WinkDex, a BTC Price Index that will price the ETF.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.