Samsung, which has been providing solutions for mobile payment systems and digital asset storage for many years, now brings them together. The Samsung Wallet application can offer many different functions.
What is Samsung Wallet?
The Samsung Wallet application introduced by the company does not support any crypto assets. With the application, which we can define as traditional digital flat, solutions such as mobile payment, identity, flight tickets and digital car keys are offered.
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With Samsung Knox, the wallet that offers high-level security and encryption also supports fingerprint readers. Since the data is stored in an isolated environment, it is resistant to physical and digital attacks.
Another remarkable feature is that it can store digital car keys. The digital keys of the BMW 1-8 Series, X5-X7, iX, Hyundai Palisade, Genesis GV60 and G90 models released as of July 2020 can be stored. More vehicles will be added to the list in the next period.
Although Samsung Wallet does not support crypto assets, it can track the firm’s assets on platforms such as a blockchain wallet or cryptocurrency exchange. Samsung Wallet was launched in the USA, Germany, France, Italy and Spain in the first place. Driver’s license and student ID support will also be available towards the end of the year.
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