Samsung Partners with Solana to Natively Deliver Stablecoins in Samsung Wallet to 82 Million U.S. Galaxy Devices
The feature will let users send remittances from Samsung Wallet without separate crypto apps, with transfers handled through Solana infrastructure and biometric authentication.
- Samsung Electronics will introduce USDC stablecoin transfers through Samsung Wallet in late October, enabling eligible U.S. Galaxy users to send money to crypto wallets and bank accounts overseas.
- To operate the service, Samsung is working with Bastion and Coinbase, while Solana and Sui serve as blockchain infrastructure partners supporting the integration without requiring users to manage private keys.
- Reaching 82 million U.S. Galaxy devices, Solana Foundation President Lily Liu said the integration "puts digital dollars into everyday life through one of the world's most trusted technology brands."
- Recipients in more than 60 supported countries can receive local currency directly into their accounts, while Samsung will not charge transfer fees when USDC is sent to supported external wallets.
- Woncheol Chai, EVP and Head of the Digital Wallet Team at Samsung Electronics, said "stablecoins have the potential to make moving money around the world faster and easier" without traditional crypto complexity.
29 Articles
29 Articles
Samsung Wallet to introduce USDC transfers across 82 million US Galaxy devices
Samsung Electronics has announced plans to introduce USDC stablecoin transfers through Samsung Wallet in late October, allowing eligible Galaxy users in the United States to send money to crypto wallets and bank accounts overseas. According to the company’s Oct. 7…
Samsung Electronics has selected Sui as its blockchain infrastructure partner to support stablecoins in Samsung Wallet, which is pre-installed on Galaxy phones. Hundreds of millions of Galaxy users will be able to directly send and receive the Sui-based dollar stablecoin USDC within Samsung Wallet for free or with near-zero fees. According to the virtual asset industry on the 8th, Samsung and Sui [use] in everyday
Bastion Selected as One of Samsung Wallet’s Stablecoin Partners, Providing Regulated Infrastructure, Custody, and Cross-Border Remittances
Bastion will provide the custody, compliance, and cross-border remittance functionality as part of Samsung Wallet’s stablecoin service, available on 82 million U.S. Galaxy...
By the end of October, Samsung Wallet will be able to send USDC via the Solana blockchain on 82 million Galaxy compatible devices in the United States. Users will be able to transfer stablecoins without a dedicated crypto application, but also send money to more than 60 countries. The Samsung Wallet article integrates the USDC via Solana on 82 million Galaxy devices appeared first on Cryptoast.
Starting at the end of this month, Galaxy users in the US will be able to send and receive USDC as a dollar stablecoin on Samsung Wallet (Samsung Wallet). It is now possible to send and receive dollar stablecoins without setting up a separate virtual asset wallet or holding virtual assets to pay remittance fees. According to Sui on the 8th, Samsung Wallet is a blockchain for implementing stablecoin remittance services...
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