South Koreas biggest conglomerate and one of the worlds largest brands, has invested $2.9 million in crypto hardware wallet manufacturer and custodial service provider Ledger in a high-profile deal.
The multi-million dollar investment in Ledger by Samsung comes less than a week after Samsung Ventures led a $4 million round in ZenGo, a startup developing keyless crypto wallets.
The commitment of Samsung in the crypto sector is likely to act as a catalyst that recovers the confidence of investors in the long-term prospect of the market.
See more - https://www.ccn.com/samsung-ploughs-2-9-million-into-crypto-hardware-wallet-giant-ledgerThis sounds like pretty great news to me. I guess Samsung is on board as an institutional investor now! Maybe this will inspire other companies with similar attributes to follow suit and get more active within the Bitcoin and other Blockchain communities. The Price of Bitcoin seems to be stabilizing this year, with those violent swings slowing down.