Winklevoss Brothers owned cryptocurrency venture the Gemini Trust Co. has shook hands with Samsung Electronics Co. which will help users to trade easily and store digital assets on mobile phones.
Being the first crypto exchange allowing U.S and Canadian users of Samsung blockchain to view balances in their wallet apps. Those willing to trade will be moved to Gemini mobile app, removes one step of another login of starting and buying.
Usually, it requires multiple steps to use and trade on cryptocurrencies, and its intricacy can be seen as one of its major barriers in its global acceptance.
Jeanine Hightower-Sellitto, managing director of operations at Gemini, said: “It’s a full integration between the two apps that’s very transparent and very easy to use,”. Without disclosing the terms of the deal, he says “It’s all integrated”.
The founder of Gemini, Tyler and Cameron Winklevoss of Facebook owns a standalone app since late 2018. The blockchain wallet was launched by Samsung in 2019. The app’s motto is to make it convenient for customers to use apps- distributed applications such as games which run on blockchains which are important for recording transactions. Digital coins can be used to buy game sessions or game items such as digital cats.
As per the Counterpoint Research, Samsung Phones holds 18% of the global smartphone market, which is at par with Apple Inc. in the fourth quarter.
The alliance will help the Gemini app to get integrated with the blockchain wallet on smartphones such as Samsung Galaxy S 20 series and Galaxy Z Flip. The integration cannot work on Verizon Communications Inc’s network.