Then we plan to expand our support to more cold-storage wallets.” he concluded. “We will begin with providing support for Ledger products including Nano S and Nano X. He further added that the company intends to expand support to more cold-storage wallets in the future. “By providing support for hardware wallets, we are providing our customers with not just enhanced convenience, but also an entirely new level of security.” Woong Ah Yoon, Samsung’s VP and head of blockchain revealed that the latest development would bring about an added level of security. Samsung has close ties with Ledger, having invested $2.6 million in the French crypto wallet company in 2019.
This, according to Samsung, will allow users to have an optimal experience of managing crypto assets within a single location. According to the smartphone manufacturer with the recent update, Samsung Galaxy smartphone users will be able import cryptocurrencies stored on the Ledger Nano S and Ledger Nano X hardware cryptocurrency wallets. Samsung revealed this development in a press release on Wednesday, May 13, 2021. This continues the recent foray of Samsung towards blockchain and cryptocurrency services. Korean-based technology giant Samsung has announced that it has added support for Ledger Wallet on its Samsung Blockchain Wallet.