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Samsung Partnership with Gemini for further Crypto Adoption



Samsung Partnership with Gemini

This is to inform you that Samsung Blockchain Wallet is collaborating with Gemini, a New-York based crypto exchange. The partnership between the duo will help the owners of Samsung Galaxy not only to enjoy the devices as cold storage wallets rather to trade with the crypto by using Gemini.

As per the report of Canalys, a tech analytic firm, Samsung proved to be the powerhouse of the smartphone trading by holding 298.1 million units already shipped with a 21.8% market share in the year 2019. The active support of Gemini will aim at removing all the barriers coming in the way of crypto trading for millions of people around the globe.

Earlier to this, the proud owners of the Samsung Blockchain Wallet had access to decentralized applications, exchange crypto easily, and also have the facility to store crypto on their cell phones. However, this partnership will help the users to trade through Gemini making crypto exchanges easier for the beginners.

The CEO of Gemini, Tyler Winklevoss mentioned “Crypto is not just a technology, it is a movement. We are proud to be working with Samsung Blockchain to bring cryptos’ promise of greater choice, independence, and opportunity to more individuals around the world.”

The experts of Samsung and Gemini thought that by streamlining the crypto projects they will gradually get rid of the obstacles that are coming in their way of success.

Samsung and Gemini planning to bring crypto to the mass:

The partnership will help to spread awareness and its positive uses to the mass. Unlike the other crypto platforms including Binance or Bittrex, Gemini aims at offering a smooth and easy crypto exchanges for its customers instead of providing an ecosystem designed for active exchanges.

The Samsung Pay is heading towards hitting 100 million users by the end of this year and showing share in the market.

To make you aware Gemini is one of the recognized holders of BitLicense required to trade-in New York. This makes it more versatile and a potential holder of 19 million people.

The obstacles to adopt crypto:

The history is proof that the crypto world has experienced certain blocks at every stage of its development. At the time of commencing its business, cryptocurrency similar to Bitcoin faced criticism for conducting illegal affairs and its somewhere hampered the reputation is still stuck with it.

As these cryptocurrencies are traded virtually it has become a prime victim of cyber-attacks these days and some of its customers are also worried about their funds’ security. However, crypto platforms use strong cryptography for complete security and are also adding new features for eradicating security issues.

Instead of facing all this menace crypto industries has proved to achieve its target efficiently and effectively. Let’s hope the agreement between Samsung and Gemini remains in the long run and keeps on introducing new technologies.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Rupali Sinha is a journalist at Koinalert. She covers the latest news and updates related to Blockchain technology and cryptocurrencies.