Samsung has partnered with Coinbase to offer 75 million Galaxy users in the United States access to Coinbase’s premium trading services. This collaboration marks the largest consumer distribution effort by Coinbase and represents Samsung Galaxy’s most significant venture into cryptocurrency thus far, as announced by both companies on Thursday.
The integration of Samsung Wallet will enable Galaxy users to utilize the Coinbase One service, which provides benefits such as zero trading fees and enhanced staking rewards. This feature allows users to delve into cryptocurrency without needing additional apps or transferring funds between platforms.
Additionally, Samsung Pay is being connected with Coinbase accounts, allowing Galaxy owners to make transactions linked directly to their crypto holdings. Consequently, digital currency tools will be accessible alongside existing payment cards, transit passes, and identification documents stored on their phones.
“Our goal is to bring over a billion people onto blockchain technology by reaching them where they are most active: on their mobile devices,” stated Shan Aggarwal, Chief Business Officer at Coinbase.
Although this initiative begins in the U.S., both Samsung and Coinbase intend to extend this program globally in the upcoming months.
“Samsung Wallet is a reliable resource for millions of Galaxy customers. We are constantly seeking innovative ways to enhance user experience through added features,” commented Drew Blackard, Senior Vice President of Mobile Product Management at Samsung Electronics America.