The Stellar Foundation announced on Wednesday that the Samsung Blockchain Keystore now supports Stellar. The move means that Samsung’s blockchain application now integrates a total of five different cryptos including Stellar. Bitcoin, Ethereum, Tron, and Klaytn were previously integrated into the app.
Stellar is a decentralized and open source protocol that enables transfers between digital and fiat currencies across borders. The Stellar Foundation is the official non-profit agency that runs the Stellar network and the Stellar Development Foundation is responsible for supporting the Stellar protocol.
“Stellar’s integration into the Samsung Blockchain Keystore is a significant step for our network and the incredible ecosystem of applications built on this platform. Samsung provides a key management solution that is user-friendly and drives greater adoption of blockchain technology. With this integration, we’ve opened up to a new network of users that can benefit from the combined innovation of Stellar and Samsung,” stated Stellar Development Foundation Chief Executive Officer and Director Denelle Dixon. She went on to remark, “It’s just the beginning as we work together to empower more developers and users to leverage blockchain and the capabilities presented by this integration.”
Wednesday’s announcement means that users of Stellar can retain private keys on any compatible Samsung Galaxy Smartphone that supports the Samsung Blockchain Keystore. While these models are limited to the Galaxy S20 Series, Galaxy Note 10 Series, Galaxy S10 Series, and late model Flip and Fold phone at the moment, additional compatible devices are expected to launch this summer.
After storing their private keys on the Samsung Blockchain Keystore, users can sign transactions on compatible cryptocurrency wallets and apps that make use of the Samsung Blockchain Keystore’s SDK. DSTOQ, Nodle, SatoshiPay, and Litemint have already agreed to adopt the SDKs, but many more stellar partners are expected to be announced soon.