On February 6, 2020, Origin Protocol announced that its marketplace app has partnered with Samsung and is now available on the Samsung Blockchain Wallet.
Releasing the statement, Origin wrote on their social media platforms:
“We’re excited to announce that origins flagship marketplace app is now available in the Samsung Blockchain Wallet.”
Origin Protocol has its native token dubbed “OGN” which can be used to purchase merchandise on the origin app and website.
The move will ease things up for people that are already familiar with cryptocurrencies and help with mass crypto adoption because people carry a smartphone almost 24/7 and can, therefore, make transactions on the go.
Moreover, Samsung is a trendsetter and will attract many other tech and phone companies to follow suit, possibly triggering the mass adoption of cryptocurrencies.
Samsung added Bitcoin support to its Blockchain Keystore in August of last year, upgrading the previous Keystore release which only supported ETH and the ERC20 standard. The wallet lets users store bitcoin, Ethereum, and a beauty-related cryptocurrency called Cosmo Coin.
The samsung wallet has proved to be highly popular, with top crypto figures apparently using it to store their BTC. For instance, on February 6, 2020, Justin Sun Tweeted that he had gifted WarrenBuffett with some bitcoin which is currently safely stored in his Samsung Galaxy Fold.
Samsung in the Frontline on the Way to Crypto Adoption
Samsung’s collaboration with Origin further proves that the Electronics giant is getting more serious about its blockchain and cryptocurrency ambitions.
The company had earlier added a whole collection of new decentralized apps (dApps) to its Blockchain Keystore online market with the store launching in March 2019.
Currently, the Samsung online market contains 17 different decentralized applications with much more likely to be added in the near future.
In what was seen as Samsung’s dedicated ambition to position itself as a leading company in blockchain and mobile phones, the company launched the Samsung Galaxy S10 in March 2018, equipping it with deep blockchain features.
Leveraging a partnership between Samsung and Enjin coin, Enjin (EJN) wallet was added directly into the Samsung blockchain Keystore, which was a huge step forward for the blockchain industry.
Now, with the Origin protocol in the Samsung wallet, crypto adoption will receive a much-needed boost, especially to new users who want accessibility and ease of use.
Samsung’s phone will provide precisely this for new crypto enthusiasts.
The Smartphone Giant Invests In Making Safer Crypto Wallets
Samsung has a long term interest in the blockchain and cryptocurrency business and as such, has been looking into tech to make it’s crypto wallet safer.
The company is working on a smartphone wallet called ZenGo, which is hailed as the first keyless crypto wallet. The app has been designed to streamline and simplify the use of wallets for beginning investors.
Instead of using crypto keys to secure the wallet, the app will be using a combination of split key storage and biometric security features. Users will be using a smartphone to log in, combined with data that’s saved in cloud storage.