Crypto trades all night, and most wallets still wait for taps and confirmations. That mismatch is the central risk for everyday users. A recent industry op-ed argued that self-custody tools behave like passive vaults and leave people exposed when markets flip at 3 a.m. The author’s thesis is blunt: automation belongs inside the wallet, not bolted on as an afterthought.

The claim resonates because every modern finance stack already uses background rules. Stop losses and scheduled rebalancing are standard on traditional platforms, yet many DeFi interfaces still require manual approval flows that are too slow when volatility spikes.

What went wrong in 2022 still teaches hard lessons

For proof that minutes matter, the TerraUSD collapse remains a cautionary tale. On Monday, May 9, 2022, around 18:30 GMT, UST fell materially off its peg and swung between ninety-five cents and twenty-five cents over the next three days. Earlier signs had flashed over the weekend, but self-custodied users without pre-defined rules faced a tidal move while asleep.

Timers and thresholds inside the wallet could have trimmed positions or hedged risk automatically. The timeline shows how fast the break unfolded and why manual clicks lose to market speed.

The technology now exists to make wallets intelligent

Ethereum’s account abstraction standard, often discussed under ERC-4337, turns a wallet into a programmable smart contract that can enforce custom spending rules, sponsor gas, and run scheduled or conditional actions. The official documentation describes a new transaction flow built on UserOperation objects, a decentralized alt-mempool, and an on-chain EntryPoint that validates and executes rules. In practice it unlocks rule sets a normal person actually wants, such as automatic daily rebalancing or a liquidation guard that pays down debt when a collateral ratio crosses a threshold.

When Ethereum’s co-founder weighed in on this direction, he called the approach “really elegant” and highlighted that account abstraction is a “pretty big deal” for adoption because it lets non-custodial wallets behave like programmable accounts. That view matters because it frames self-custody as more than a seed phrase. It becomes a set of predictable behaviors a user defines once and trusts to run in the background.

Why DeFi smart wallets are the missing safety layer

The DeFi smart wallets describes wallets that implement account abstraction to provide programmable risk controls, recovery options, and gas handling. DeFi smart wallets collapse multiple steps into one clean action. DeFi smart wallets can hold rules for recurring allocations or borrowing caps.

DeFi smart wallets can also route transactions through paymasters so fees are paid in stablecoins, a minor detail that removes friction in real life. People need DeFi smart wallets that guard downside without sacrificing sovereignty. With DeFi smart wallets, the rules live with the keys. DeFi smart wallets keep the person in command while executing the plan precisely. DeFi smart wallets can finally make “set it and sleep” a reality for self-custody. DeFi smart wallets are not a luxury; they are a safety feature.

DeFi smart wallets also reduce support headaches because users define thresholds instead of relying on frantic approvals. DeFi smart wallets are the practical bridge between crypto’s ideals and normal finance muscle memory. DeFi smart wallets deserve to be the default setting, not the premium tier.

The market is already moving toward passkeys, gas sponsorship, and rule engines

Major builders have rolled out smart wallet flows where a user signs in with a passkey instead of memorizing a seed phrase. The help pages and product posts explain how a passkey based on device biometrics can unlock a non-custodial account, while gas fees can be sponsored or paid in tokens other than ETH.

That combination makes a complex action feel like any mainstream fintech app. It is the usability shift that unlocks the automation shift. If the wallet can sign safely without the user wrestling with seed phrases and gas coins, it can also follow the user’s rules at 2 a.m. without nagging for approval.

Industry research roundups from last year tracked the rise of these features across multiple chains, noting support for passkeys, sponsored transactions, and SDKs that let apps trigger wallet actions behind clean interfaces. The trend line is clear. Smart wallets are maturing from a developer demo into the baseline of consumer crypto.

“Let the wallet do the work” is not hype; it is a practical rule set

There is no need to imagine science fiction. The portfolio-automation startups that raised funding in 2025 pitch a simple promise: set allocation rules, risk limits, and timing once, then let the system execute continuously inside a non-custodial setup.

In an interview this year, one founder put it in plain language: “We need to get to a point where we can say, ‘Hey, Mom, do you want to participate in this?’” and described converting a plain-English plan into an automated on-chain portfolio that the user still owns. The same team stated publicly that “your assets should work for you” because the platform runs the portfolio “around the clock,” positioning this as the next evolution of programmable finance.

That is not a radical departure from tradition. It is a reapplication of what brokerage accounts and robo-advisors did years ago. The difference is architectural. Here the rules sit in a smart contract account that the user controls, not in a custodial back office.

What a safer self-custody day can look like

Picture a simple spot portfolio with three assets and a lending position that backs a stablecoin. In a smart wallet, the user can store three guardrails. First, a volatility circuit that reduces the high beta allocation by ten percent when a 24-hour move breaches a set band.

Second, a collateral health trigger that automatically repays debt by swapping a slice of spot assets when the ratio falls under a chosen number.

Third, a periodic rebalance that nudges allocations back to target on a fixed cadence. None of that requires a person to watch charts at night. It requires rules that live where the assets live.

The mechanics exist. ERC-4337 lets wallets validate UserOperation packages against spending policies. Paymasters can sponsor gas or accept stablecoins for fees. Developers can wire a scheduler that submits a UserOperation at set intervals. Smart recovery can use guardians so a lost device does not equal a lost life savings. The entire experience looks less like a trader’s terminal and more like a modern banking app that quietly follows instructions.

Risk framing for readers

Automation does not remove all risk. It changes the shape of risk. A poorly written rule can sell a long-term position at the exact bottom. A misconfigured paydown could create taxable events. Implementation bugs in smart accounts or paymasters can create novel failure cases.

Those realities argue for transparent audits, conservative defaults, and clear logs inside the wallet so users can see every rule and every action in human-readable form. The goal is not blind trust. The goal is visible, predictable behavior that beats panic clicking.

What builders should ship next

The next wave of wallet design should revolve around plain-English rule templates backed by battle-tested contracts. A user should be able to select “Protect from liquidation,” choose a ratio, pick which asset funds the paydown, and preview the worst-case spend before enabling it.

The wallet should show a timeline of upcoming scheduled ops. If the market moves sharply, the user should see which safeguard fired, with a link to the on-chain transaction. That level of clarity is table stakes in regulated finance and should be normal in open finance too.

“It is time for crypto to catch up and deliver what users actually need to thrive. Sleepless traders will not lead the next wave of adoption.” The argument is that built-in automation improves sovereignty rather than undermines it because the user defines the rules.

“The big really valuable and necessary thing that ERC-4337 provides for account abstraction is the ability for smart contract wallets to be first-class citizens.”

The position underscores that programmability is essential infrastructure, not a nice-to-have gadget.

“Your assets should work for you. The platform executes your portfolio strategy around the clock so you can focus on ideas, not transactions.” That is a direct line from a founder who is betting on automation as the default.

Adoption is compounding

Developer posts this year have predicted hundreds of millions of smart accounts over time as chain-level upgrades and wallet defaults tilt toward account abstraction. Forecasts point to chain abstraction and new transaction infrastructure as catalysts. Whether those precise numbers arrive is less important than the direction. Simpler onboarding plus programmable accounts equals an environment where everyday savers can use guardrails without becoming power users.

Education matters too. Clear explainers and help pages on passkeys, gas sponsorship, and recovery patterns are improving. People can now authenticate with a passkey, skip seed-phrase anxiety, and let the wallet sponsor gas or accept stablecoin fees. That seemingly small change breaks a major barrier for first-time users.

Competitive dynamics will reward the safest default

The first wallet to offer easy liquidation guards, threshold hedges, and set-and-review rebalancing will not just win users. It will reduce support costs and regulatory friction because fewer people will suffer preventable blowups. In that world, the phrase DeFi smart wallets signals more than a feature list. It signals a philosophy that self-custody should be safe by default and flexible by design. The best implementations will publish transparent audits, use minimal permissions, and expose simple toggles for every background rule so nothing happens without explicit consent.

A short view on stablecoins and guardrails

Stablecoin depegs remain rare, but recent years have delivered several big ones. Education portals have documented those episodes and explained how to think about depeg risk across different collateral models. A wallet that lets a user set a rule like “exit if this stablecoin trades two percent below peg for more than thirty minutes” provides a clear, human tool for managing that rare scenario without drama. In self-custody, that kind of rule belongs in-wallet, not in a separate bot that might lose a key or go offline.

Conclusion

Self-custody should not require sleepless nights. The industry finally has the building blocks to embed risk rules, scheduled tasks, and emergency safeguards directly inside wallets. Account abstraction, passkeys, sponsored gas, and clean recovery flows form the plumbing.

Clear rule templates and readable logs form the user experience. The result is a class of DeFi smart wallets that act as intelligent stewards of a user’s plan. If the sector delivers that standard, volatility becomes less frightening, participation becomes more durable, and crypto starts to look like a place where everyday people can invest with confidence.

FAQ

What exactly is a smart wallet in this context?
A smart wallet is a non-custodial wallet implemented as a smart contract account. It can enforce user-defined rules for spending, scheduling, and security, and it can accept sponsored gas or alternative fee tokens. It brings automation into self-custody.

How does account abstraction help normal users?
Account abstraction lets wallets behave like programmable accounts. That means passkey sign-ins, recovery helpers, and background actions that follow a person’s instructions. It reduces the number of manual steps needed to perform safe operations.

Can automation harm users if configured poorly?
Yes. Bad rules can trigger at the wrong time. The mitigation is conservative defaults, clear previews, and simple logs so users know what will happen and what did happen. Independent audits and minimal permissions also matter.

Are big builders actually shipping this, or is it theory?
Large teams shipped passkey logins, gas sponsorship, and SDKs for smart wallets this year. Research roundups tracked multi-chain support and developer adoption. The shift is underway.

Glossary of key terms

Account Abstraction (ERC-4337)
A framework that lets wallets act as smart contract accounts. It introduces UserOperation objects, a decentralized alt-mempool, and an on-chain EntryPoint that validates and executes programmable rules for spending and security.

UserOperation
A data structure defined by ERC-4337 that carries a user’s intent to the EntryPoint. Bundlers collect these operations, and the EntryPoint verifies rules before execution. It enables features such as sponsored gas and batched actions.

Programmatic Rebalancing
A wallet rule set that shifts portfolio weights back to target allocations on a schedule or when thresholds are crossed. In smart wallets it can run without manual confirmations.

Liquidation Guard
A rule inside a smart wallet that pays down debt or adds collateral when a lending position approaches a risk threshold. It helps reduce forced liquidations during sharp market moves.

Depeg Risk
The risk that a stablecoin trades away from its peg. Past incidents demonstrate how quickly a peg can fail. Wallet rules that watch price bands and durations can limit exposure.

Editor’s note for clarity: Direct quotations in this article are attributed to identifiable public figures or company posts, and each quotation includes a source link via the citations.

Read More: How DeFi Smart Wallets Cut Liquidations Overnight">How DeFi Smart Wallets Cut Liquidations Overnight

Samsung Pass app securely stores passwords and personal information, and is about to get a major upgrade. A leaked APK shows that Samsung is preparing to let users store much more than just passwords, hinting at a bigger role for the app in managing personal identity.

The leak via @GalaxyTechie reveals support for storing passports, national ID cards, driver’s licenses, tax documents, and bank invoices. Screenshots shared online show detailed forms for entering personal information such as name, date of birth, gender, issuing authority, expiration dates, and even both sides of an ID card.

There are separate sections for personal documents, private info, and invoices. This shows Samsung is aiming for a thorough and organized system. The APK mentions version 15.3.01.6, though this is likely a typo. The current official version is v5.2.06.1, so the actual build is probably v5.3.01.6.

Right now, the leaked version isn’t fully functional as saved passwords don’t show, Samsung Cloud syncing is broken, and key features are unreliable. This makes it unsuitable for regular use at the moment.

Despite its bugs, the leak hints at Samsung’s long-term plans. Earlier this year, the company encouraged users to move Pass credentials into Samsung Wallet. This shows Samsung wants to combine payments, logins, and personal documents under one secure, Knox-protected system.

The detailed forms suggest Samsung is preparing for more advanced digital ID features in the future, even if they aren’t live yet. Eventually, Samsung Pass is likely to merge fully into Samsung Wallet. These updates show Samsung is serious about expanding its secure identity tools.

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Crypto security has changed alot over the years. In the early days of Bitcoin, coins were stored in very simple ways. People printed keys on paper or just saved files on laptops. Some believed this was enough. But as the value of digital assets grew, hackers also grew smarter. This created a big need for safer ways to protect coins offline.

Hardware wallets and cold storage slowly became the gold standard in the crypto world. They are now seen as very safe because they keep private keys away from the internet. This matters because crypto is not like normal money in a bank. Once coins are gone, they normally can not come back. So the evolution of hardware wallets and cold storage is an important story. It shows how the crypto community learned, improved, and worked to protect digital value for many years.

This blog explains how crypto storage started, how hardware wallets appeared, and why cold storage keeps growing today. The goal is to make the topic simple and clear so anyone can understand how crypto protection moved forward.

What is Cold Storage in Crypto

Cold storage means keeping crypto private keys offline. When keys are not connected to the internet, it becomes very hard for hackers to steal coins. It is like putting treasure in a locked safe that sits far away from roads and crowds.

Cold storage became one of the most trusted ways to protect crypto. Exchanges, big companies, long term holders, and many investors depend on it now. Cold storage is used for saving crypto for longer periods, while software wallets online are more for fast access and spending.

The idea is simple. Online device equals more risk. Offline device equals less risk. Even if a hacker gets into the internet connection or a computer, they can not reach the keys that are stored cold.

Cold storage started as a basic way to keep Bitcoin safe, but over time it became an advanced security system used by the entire crypto world. Some cold systems today are like bank vaults with many steps and controls.

Early Days of Crypto Storage

In the early Bitcoin days, there were not fancy wallets or secure devices. Many people printed private keys on paper. These were called paper wallets. A printed wallet looked like numbers and letters on paper, sometimes with QR codes. If the paper was kept safe, the coins stayed safe. But if someone lost the paper or it got damaged, the coins were gone. This was a big problem.

Another method was storing wallet files on computers or USB drives. But computers get viruses, and USB drives can break. People did not think too much about this at first. Bitcoin was small then, and many did not imagine it becoming so big. So the idea of cold storage was there, but the tools were not perfect. There were stories where early users lost millions because they forgot passwords, threw away drives, or had laptops crash.

Still, these early storage ways helped build the idea that crypto needed safe offline protection. The community learned that cold storage must be strong, simple, and reliable.

Rise of Hardware Wallets

Hardware wallets came after people realized paper and USB storage had too many risks. A hardware wallet is a small physical device that stores crypto keys offline. It lets users sign transactions safely without letting hackers see the keys.

The first popular hardware wallets appeared around the mid bitcoin growth period. Brands like Trezor and Ledger became famous. These devices had simple screens and buttons. They kept keys offline and needed physical confirmation for actions. This changed everything. Now cold storage was not just papers and USB sticks. It became more smart and safer.

Hardware wallets quickly grew in popularity. Anyone who wanted to keep crypto for a long time started using them. Many saw them as a must have tool. They were small, portable, and easy to use, even if the technology inside was advanced. Hardware wallets proved that crypto security could be simple but strong at the same time.

How Hardware Wallets Work in Simple Words

Hardware wallets work in a very smart but simple idea. They store private keys in a chip that never connects directly to the internet. When a transaction needs to happen, the wallet signs the transaction inside the device. The keys do not leave the wallet. Only the signature goes out.

The wallet normally connects to a phone or computer just to send the signed transaction. This means even if the computer has malware, the hacker still can not steal the keys. The private key stays inside the device always.

Some wallets have screens and buttons. The screen shows what is being signed, so the user can check. The buttons let the user approve actions. This prevents secret signing or mistakes. Newer wallets add extra features like passphrases, backup recovery systems, and seed protection.

Difference Between Hardware Wallets and Other Wallet Types

Crypto wallets do not all work the same way. Some stay online always. Some work offline. The safety level changes depending on how much internet connection a wallet has. That is why cold storage became the strongest layer of protection. It keeps the private keys away from online danger.

Software wallets live on phones or computers. They are easy and fast for daily use, but they face more risk of viruses and hacks. Exchange wallets are wallets hosted by trading platforms. They are simple for beginners but not really controlled by the owner. Exchanges can lose funds or get hacked, so many people avoid keeping big amounts there.

Hardware wallets sit in the middle, but closer to the safest side. They stay offline, but still let users sign transactions when needed. This balance made them the main choice for long term storage.

Below is a table showing the clear difference between common wallet types.

Hardware Wallets vs Software Wallets vs Exchange Wallets

Wallet Type	Keys Controlled By Owner	Online Risk	Best Use Case	Security Level
Hardware Wallet	Yes	Very low	Long term storage and savings	Very High
Software Wallet	Yes	Medium	Daily transactions and quick access	Medium
Exchange Wallet	No	High	Trading and short term holding	Low

Hardware wallets show the strongest control and safety. This is why they became so important as crypto value grew and cyber attacks became more common.

Important Features in Modern Hardware Wallets

Old hardware wallets had very basic functions. Modern devices have evolved a lot. They now come with stronger chips, safer backup options, and screens that show transaction details. Some wallets also have extra layers like PIN codes, passphrases, and even tamper proof chips that stop hackers.

A key evolution point is backup recovery options. Early users had risky paper backups. Now many use metal seed plates, secret words mixed with passphrases, and multi step recovery systems. This makes the wallet much harder to break into.

Screens also became important. They stop fake transaction signing. The user can see what is being signed and confirm. If a virus tries to send the wrong transaction, the screen will not match, and the person does not approve it.

Modern devices also include better chips called secure elements. These chips protect private keys and do not allow any software to access them directly.

Key Features in Modern Hardware Wallets

Feature	Meaning	Security Benefit
Secure Element Chip	Special protected chip	Stops hacking and key extraction
PIN and Passphrase	Extra login layer	Prevents access if device is stolen
Seed Backup and Steel Plates	Strong key backup	Protects recovery phrase from damage
Screen and Buttons	Physical approval	Stops fake sign attempts
Air Gapped Operation	No wired or wireless network	Reduces attack surface

Modern wallets took lessons from early losses and mistakes. This improvement helps protect billions in assets globally.

Evolution of Cold Storage Techniques

Cold storage did not become advanced overnight. It started very basic. First came paper wallets. Printed private keys worked but could be lost or damaged easily. Then came USB wallet backups. But USB drives can fail, leak keys, or get infected later.

Then hardware wallets arrived. They allowed safe signing without exposing keys. After that came metal seed plates and air gapped computers. These prevented both cyber theft and physical damage.

Today, some institutions use multi signature cold vaults. This means no single person can move funds alone. It needs multiple approvals. Some vaults store crypto in special underground rooms with biometric locks and guards. This shows how serious security has become as crypto gained mainstream adoption.

Major Brands in Hardware Wallet Market

Many brands helped shape the hardware wallet industry. Trezor was one of the first widely trusted devices. Ledger also came early and became very popular with strong secure chips. Coldcard focused on Bitcoin only and became known for extreme security. BitBox and SafePal also entered the market with more user friendly features and lower costs.

Each wallet brand offers something different. Some focus on top security. Some focus on easy use. Some support many blockchains, while others stay specialized.

Below is a short table comparing popular wallet brands in simple terms.

Popular Hardware Wallet Brands Overview

Brand	Focus Area	Known For	Ease of Use
Trezor	Multi coin support	Early wallet pioneer	Easy
Ledger	Multi coin support + secure chip	Biggest global brand	Easy
Coldcard	Bitcoin only	Extreme security model	Medium
BitBox	Simplicity	Minimal design and speed	Easy
SafePal	Budget friendly	Compact and app connected	Easy

This diversity shows how hardware wallet competition helped the market grow and improve fast.

Leading Hardware Wallets Price and User Type

To help understand wallet choices better, here is a simple pricing and user style comparison.

Wallet Brand	Price Range	Who Usually Uses It	Style of Security
Trezor	Medium	General crypto users	Strong security with open approach
Ledger	Medium	Beginners and advanced users	Secure element chip architecture
Coldcard	High	Bitcoin security maximum users	Extreme cold storage focus
BitBox	Medium	Easy interface users	Simple design, fast setup
SafePal	Low	Budget and first time users	Secure offline plus app function

Prices and user type ideas help readers see how wallets fit different needs.

Cold Storage in Institutional Crypto Security

Cold storage is not only for normal crypto holders now. Large funds, banks, crypto exchanges, and ETF companies also use cold storage. When institutions manage billions in digital money, they need very strong security systems. These systems protect funds even if someone tries advanced hacking or inside attack.

Institutions use vaults, multi signature systems, air gapped computers, and sometimes biometric access. Cold storage is controlled by teams, not one person. This prevents mistakes or fraud. Big companies often insure these vaults also, so if something happens there can be a backup coverage. Traditional finance mixed with crypto created a new level of cold storage. It is not just a device anymore, it is a full system.

Exchange traded products like crypto ETFs also use institutional cold storage. They need to prove to regulators and investors that funds are safe. This helped cold storage become more famous also, and pushed companies to build more advanced safes.

Future of Hardware Wallets and Cold Storage

The future of crypto security is growing very fast. As more people enter crypto, and hack attacks get smarter, wallet technology must keep improving. Future hardware wallets may use things like biometric unlock. Fingerprint or face scan makes security stronger than only a PIN.

Another new idea is seedless wallets. These do not show a seed phrase in normal way. Instead they may use secret chips or secure backup networks. So losing a paper or metal plate is less scary. Some companies are testing multi device recovery, where many devices must work together to recover funds.

Artificial intelligence might also play a role. AI systems can detect risky behavior, fake signing attempts, or malware before damage happens. Institutions already begin testing this type of safety.

We may also see mobile devices with secure crypto chip built inside, making phones work like hardware wallets but still very safe. More people will use cold storage as crypto becomes global money.

Conclusion

Cold storage and hardware wallets grew side by side with crypto. In the start, simple paper wallets protected small bitcoin amounts. As crypto value exploded and digital theft increased, security tools had to grow. Hardware wallets arrived and changed the game by mixing strong offline protection with easy everyday use.

Today, big institutions trust cold storage the same way individuals trust their hardware wallet. Banks, funds, and ETF companies build vaults and multi sig systems. Meanwhile, everyday crypto users buy small devices that protect their coins for many years.

The future will bring even safer tools. Biometric systems, seedless recovery, AI, and secure chips inside mobile phones will make crypto safety easier and stronger. Even though technology improves, the main rule stays same. Crypto keys must remain offline to avoid danger. That is the core of cold storage. It will continue to evolve as the digital world grows.

Hardware wallets and cold storage started simple and now protect billions worldwide. This journey shows how crypto security matured and will keep improving for a long time.

Frequently Asked Questions 

What is a hardware wallet in crypto

A hardware wallet is a small device that keeps private keys offline. It signs crypto transactions inside the device so hackers can not see the keys. It is used for safe long term storage and protection from online attacks.

Why do people use cold storage for crypto

Cold storage keeps crypto keys away from the internet. This makes it very hard for hackers to steal coins. When keys do not touch online systems, the risk goes down alot. Cold storage is known as one of the safest ways to hold crypto.

Is a hardware wallet better than a software wallet

A hardware wallet is safer for saving crypto because it stays offline. A software wallet is easier for fast spending but faces more danger from malware or viruses. So the best choice depends on what is needed. Saving long time equals hardware, spending and fast use equals software.

What happens if a hardware wallet is lost

If the seed phrase is backed up safe, the wallet can be recovered on a new device. If the seed was never saved, the crypto can be lost forever. That is why seed backup is a big rule in cold storage.

Glossary

Cold Storage

Storing crypto keys offline so hackers can not reach them through internet.

Hardware Wallet

Physical device that protects crypto keys and signs transactions offline.

Private Key

Secret code that gives access to crypto funds. Must never be shared.

Seed Phrase

Group of words that can recover the wallet if device is lost. Needs safe storage.

Multi Signature

More than one approval needed to move crypto. Used for high security storage systems.

Air Gapped

Device or system that never touches internet or wireless connections.

Secure Element Chip

Special chip that protects private keys from extraction and attacks.

Exchange Wallet

Wallet controlled by a crypto exchange not by the user fully.

Paper Wallet

Printed private keys on paper used in early days of crypto.

Biometric Security

Unlocking using fingerprint or face scan instead of only password.

Summary

Hardware wallets and cold storage changed the crypto world. In the start, crypto holders only used paper wallets and computer files. These methods worked at that time but had big risks like loss and malware. As crypto value increased, stronger security became needed.

Hardware wallets brought a new way. They keep private keys offline and only send signed messages. This stopped internet attacks and made everyday long term holding safer. Big companies also adopted cold storage with vaults, multi signature control and insurance. This showed cold storage became trusted even in finance markets.

Today cold storage means much more than paper or USB. It includes secure element chips, seed backups, air gapped signing, and soon biometric and seedless systems. The future looks even safer with AI alerts and phone secure chips.

The story of cold storage proves one point. When private keys stay offline and protected, crypto stays safe. That idea started simple and now protects billions across the world.

 

Read More: From Early Bitcoin Days to Secure Devices: Cold Storage Story Explained">From Early Bitcoin Days to Secure Devices: Cold Storage Story Explained

Samsung Wallet is getting a bold new upgrade in India with loads of new features. The company is elevating its digital wallet-cum payments application with modern functionalities, even ahead of leading rivals in the market.

The new Samsung Wallet features will benefit millions of Galaxy users in India. The app is gaining support for seamless UPI onboarding as part of device setup, PIN-free biometric authentication, and enhanced Tap & Pay support.

In a bold move, Samsung has added Wallet setup to the initial setup of the device. That said, you will be able to register UPI on the Samsung Wallet app right after unboxing your new Galaxy and setting up the things for you.

Samsung Wallet is also eliminating the need for a PIN for UPI payments. NPCI has recently allowed the PIN-free UPI feature to be included in platforms. Now, you just need your fingerprint or facial authentication to make UPI payments.

You don’t need to separately set up fingerprints and facial data for UPI payments. Your phone’s lock screen authentication methods are enough. It will effectively reduce PIN theft, saving Indians from fraud if the device is stolen.

In addition, Samsung Wallet is also extending the supported merchants for stored credit and debit cards. You will be able to make payments at key merchants right away, even without keeping and holding credit/debit card details.

AU Bank cards will now be compatible with Samsung Wallet’s Tap & Pay feature. FOREX cards powered by WSFx Global Pay Limited will be supported on the app to let Galaxy users make seamless international transactions.

Samsung announced that the new features will begin rolling out across supported Galaxy devices soon.

Madhur Chaturvedi, Senior Director, Services & Apps Business, Samsung India, said:

“We are thrilled to introduce these breakthrough innovations to Samsung Wallet. With the new updates, Samsung Wallet is no longer just a digital wallet, it has become a universal and secure gateway for digital payments, travel essentials, identity cards, and digital keys. From the moment users set up their new Galaxy device to the way they pay, transact, and travel, we are removing barriers and redefining convenience.”

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Mahindra Electric has introduced a smart new way for its customers to access their cars. The company has partnered with Samsung to bring Digital Car Key support for the Mahindra Electric Origin SUV through Samsung Wallet. This new feature lets Galaxy smartphone users unlock, lock, and start their vehicle using just their phone, so no physical key is needed.

The setup is simple and secure. The digital key works through NFC and UWB technology, which allows the phone to communicate directly with the car. To ensure safety, users must confirm their identity with a fingerprint, face ID, or a PIN before using the feature.

Sharing the car is also easier now. Owners can send a temporary digital key to friends or family members, giving them access for a limited time. It’s a handy option for families who share vehicles.

Samsung has also added a safety backup. If someone loses their phone, the Samsung Find service can remotely lock the device and delete all sensitive data, including the car key. This keeps both personal information and the car secure.

The feature will first be available for select Mahindra Electric Origin SUVs, and it will expand across India in the coming months. This step shows Mahindra’s growing aim to make its electric vehicles more connected and user-friendly.

Samsung Wallet already supports digital car keys for brands like Hyundai, Kia, Audi, and Mercedes-Benz. With Mahindra Electric now on that list, Indian customers can enjoy the same modern, digital convenience as drivers of global brands.

With this partnership, Mahindra Electric is taking another step toward a smarter future. It provides a seamless driving experience for EV owners in India.

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Also: BOB Unveils BTC Vault Liquidation Engine, Ledger’s Major Overhaul and Google Weighs In on Quantum Computing.

AccessGrid builds APIs that companies can use to manage digital key fobs directly within Apple and Google's wallet platforms.