Quick take:
- The integration allows users to explore crypto without downloading a separate app.
- Some of the highlighted features of Coinbase One include zero trading fees and increased staking rewards.
- By linking Samsung Pay with Coinbase accounts, users will access crypto tools on the same interface that stores payment cards, transit passes, and IDs.
Samsung has announced a partnership with crypto exchange company Coinbase to bring crypto trading, staking, and payments to its 75 million Galaxy users in the U.S.
According to the announcement, Samsung will integrate its wallet service with Coinbase’s priority trading service, making it the crypto exchange company’s single biggest consumer distribution network it has executed.
The partnership also marks Samsung Galaxy’s biggest move in the crypto space, having previously also added Ledger Wallet support in 2021. This latest integration allows users to explore crypto without downloading a separate app.
By linking Samsung Pay with Coinbase accounts, users will access crypto tools on the same interface that stores payment cards, transit passes, and IDs, CoinDesk reported. Some of the highlighted features of Coinbase One include zero trading fees and increased staking rewards.
Commenting on the announcement, Shan Aggarwal, Chief Business Officer, Coinbase, said in a statement: “Our mission is to bring more than a billion people on chain, and that starts with meeting them where they already are: on their phones.”
The rollout will initially be made available to US Galaxy users before expanding to global markets.
Drew Blackard, SVP of Mobile Product Management, Samsung Electronics America, commented: “Samsung Wallet is a trusted tool to millions of Galaxy users, and we’re continually working to find creative ways to enhance the experience with added functionality.”
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