Samsung’s partnership with Gemini could help crypto adoption

on Aug 15, 2020
  • Samsung recently partnered with Gemini, which will allow smartphone owners to quickly access the exchange.
  • While the partnership will be beneficial for Samsung and Gemini users, it can also help push adoption.
  • The team-up represents the next step on the road towards mass adoption, as crypto continues to mature.

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Samsung recently announced a new partnership with New York-based crypto exchange, Gemini, operated by the Winklevoss twins. Thanks to this partnership, Samsung Blockchain Wallet will be integrated with the exchange.

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This means that owners of most newer Samsung Galaxy smartphones will be able to use their devices as cold storage, as well as access Gemini for quick purchases and sales.

The partnership could lead to something bigger

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However, it is not only Samsung and Gemini users who will be able to benefit from this partnership and integration. In fact, it is speculated that this will be highly beneficial for the entire crypto industry.

Thanks to the integration with Gemini, many new Samsung users will have quick and easy access to cryptocurrency, which they can buy, sell, send, receive, and more. This ease of use will remove a huge roadblock that has prevented a lot of people from dealing with crypto in the past.

More than that, even those who may not have been particularly interested in cryptocurrencies might try them out due to pure curiosity. From there on, learning of the benefits of cryptocurrencies should be rather easy, which might push adoption much faster.

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

Pushing development and adoption

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Crypto has come a long way from Bitcoin’s launch to this day, with many obstacles along the way. The industry managed to overcome some of them, such as ease of access and use. Others have yet to be solved, but the progress continues, and it encourages those deeply involved, as well as those slightly interested.

Meanwhile, ways to utilize the coins are growing in number, security is improving, and even regulation seems to be on its way.

Looking forward, it is clear that crypto adoption and general acceptance are speeding up. Regardless of the impact of this partnership, crypto is growing stronger, with more use cases, more new products, and is becoming more advanced on its way of changing the world.