Samsung will enable its cryptocurrency wallet in Brazil and 7 other countries
CryptoFácil – Samsung (KS :), a South Korean technology company, announced that from the end of January, users in eight countries, including Brazil, Canada and Australia, will be able to use the digital wallet services provided by Samsung Wallet.
The digital wallet, which is already operational in more than 13 countries, allows users to store cryptocurrencies such as (BTC) and ().
According to Jenny Han, Executive Vice President and Head of the Digital Wallet Team at Samsung, expanding the service to these countries is an important step in expanding the availability of Samsung Wallet to communities and potential users.
Brazil is a prominent country in this expansion, as it is one of the leading countries in terms of technology adoption and the Bitcoin and cryptocurrency ecosystem.
According to data from Chainalysis, a blockchain and security analysis firm, Brazil is currently the seventh country in the world with the highest rate of cryptocurrency adoption. This makes the country the second largest in the entire American continent, after only the United States.
In addition, Brazil already has regulations for the crypto sector, with the recent approval of the Bitcoin Law, which will go into effect this year.
Samsung Wallet is a secure tool that allows you to store various files, passwords, airline tickets, ID cards, and virtual assets.
It uses Samsung Knox technology to ensure user security and integrates with Samsung Blockchain Wallet to manage crypto assets. The wallet is currently available for many mobile devices and supports Bitcoin, Ethereum, and other ERC-20 tokens.
In February 2022, the company announced that the wallet had been revamped and improved upon the launch of the Galaxy S22 line, including support for cryptocurrencies.
Since 2019, Samsung has penetrated into the world of digital wallets. At that time, they allowed the transfer of BTC and ETH via the Samsung Blockchain Keystore SDK.