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Rebranded Samsung Wallet Now Supports Secured Storage of Bitcoin, Ethereum, Digital keys, IDs And More

thecryptobasic.com 16 June 2022 11:06, UTC
Reading time: ~2 m

Samsung has relaunched one of its flagship applications, adding improved features such as crypto support. 

Popular tech company Samsung has announced the relaunch of its digital storage solution dubbed “Samsung Wallet, an initiative that securely stores your digital properties, including IDs, membership cards, payment cards, as well as for cryptocurrencies.

According to a press release, the Samsung Wallet is a rebranded version of existing Samsung applications, including Samsung Pay and Samsung Pass.

With the app, cryptocurrency enthusiasts using Samsung devices can now conveniently store crypto assets such as Bitcoin and Ethereum directly from their devices.

Samsung Wallet Relaunch with Improved Features

Recall that Samsung Wallet went live in 2013, but was replaced by Samsung Pay in 2015. Now, developers behind the company have opted for a rebirth of the Samsung Wallet; however, the Samsung team has decided to integrate numerous features into the application in a bid to keep its users safe and secure.

Samsung Wallet has been improved to carry out more functions like integrating with SmartThings, thus allowing the possibility of storing digital home and automobile keys.

Furthermore, Samsung Wallet users can connect the application to their blockchain wallet app in order to perform crypto-related transactions.

Commenting on the development, Jeanie Han, the executive vice president and head of digital life at Samsung Electronics, said the company is dedicated to releasing new technologies capable of making its users’ lives convenient via their mobile devices, adding that the solution is:

“[…] Totally safe and secure environment for storing digital keys, cards and more. As part of our ongoing commitment to open ecosystems, we will continue to expand on the capabilities of Samsung Wallet by working closely with our trusted partners and developers.”

Other Information About the Service

Notably, the service will be initially rolled out in selected countries such as the U.S., United Kingdom, France, Germany, Italy, and Spain.

Using the new solution has also been made easy, as Samsung users will be required to enable Samsung Pay and Samsung Pass from their supported Galaxy devices while following the prompts to migrate to the Wallet.

As of this moment, Samsung Wallet is not available on all devices. The app will only work on Samsung Pay-enabled devices that run on Android 9 Pie.

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