The Stellar Foundation (SDF), a non-profit organization supporting the development and growth of the XLM Stellar network, today announced the integration of Stellar into Samsung’s Keystore.

The integration will allow Samsung device users the ability to securely store the private keys associated with the Stellar Blockchain wallet.

This solves what used to be a challenging issue of the blockchain user experience, which is the ability to securely manage private keys.

Usually, the safer the solution, the more difficult it is to use.

The ability to manage private keys in a secure and user-friendly manner is a major obstacle that the crypto and blockchain community must work on and clarify, so that these technologies are able to extend their appeal to a wider range of users.

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I said Denelle Dixon, CEO of the Stellar Foundation (SDF):

Having a really simple way for users to store and utilize their keys on the chain is very important, which is why we are very excited about this announcement.

While software wallets that store private keys on behalf of users often suffer from security weaknesses because they share a phone, tablet, or computer with other applications that can eavesdrop on the software and steal the private keys.

While it is better for private key holders to have full control of their money to prevent money theft.

Therefore, hardware wallets are considered the most secure type, as a separate computer processor is used, which can only be accessed through an approved program to protect the keys from hackers.

This is what Samsung was able to reach, as Samsung stated on its website, announcing the new “S20 Galaxy” phones, by saying:

We have created a dedicated secure processor to protect your PIN, password, pattern, and private blockchain key.

Along with the Knox platform, security is built into every part of your phone, from hardware to software.

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So private data remains private.

Samsung has supported Ethereum since the release of the “Galaxy S10” phone in March 2019, and then added support for Bitcoin in the summer of the same year.

More than 30 digital currencies have since been incorporated, including stablecoins.

So, joining the Stellar Blockchain for financial payments for Samsung phones is an integration in place, as Samsung is a strong partner, as the company accounts for 19% of phone sales across the world, and last year alone managed to sell nearly 300 million Samsung phones.

Keep in mind that the Wallet and Keystore are only available on a few devices and in limited geographies.

Among the devices that support the wallet and the Keystore are the following:

Galaxy S20 series, Galaxy Z Flip, Galaxy Note 10 series, Galaxy Fold, Galaxy S10 series

In this regard, she told “Denelle Dixon” by saying:

Incorporating stellar into the Samsung Keystore is an important step for our network and the impressive ecosystem of apps built on this platform.

Samsung provides an easy-to-use key management solution and increases the adoption of blockchain technology.

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Through this integration, we have opened a new network of users who can benefit from the joint innovation between Stellar and Samsung.

For Stellar, the value of the partnership lies not just in being able to provide easy switch management, but also an opportunity to further grow the ecosystem by providing a platform around which Stellar-based businesses can build innovative applications that can be used by users.

With Stellar’s ​​blockchain services now available through the Samsung Keystore, Stellar ecosystem developers can create blockchain applications and services for Samsung Galaxy smartphones, in addition to existing Stellar-based products and applications.

On this point, Dixon stated:

It is just the beginning as we work together to enable more developers and users to take advantage of the blockchain and the capabilities that this integration offers.

At the time of the announcement, four stellar app companies had committed to adopting the required SDKs to make their apps available in the Samsung Keystore, including DSTOQ, SatoshiPay, Litemint, and Nodle.

Stellar continues to progress well:

Earlier this year, the Stellar Foundation announced that it had partnered with Abra Wallet in a move aimed at enabling the use, storage and trade of Stellar in the hands of retail users.

The XLM Stellar coin is valued at $0.09 and ranks 14th in terms of total market capitalization.

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