On Friday, Samsung Electronics declared that it is intensifying its partnership with Coinbase, the largest crypto exchange in the United States. The move aims to bring Bitcoin, other digital assets access to Galaxy smartphone users. The collaboration, which was initially announced in July, has been subsequently expanded to enable the option of crypto purchase via Samsung Pay right in the Coinbase application.
Samsung Partners Coinbase to Offer Crypto Trading for Galaxy Users
It is an addition to the existing features of the U.S. market only, which further provides convenience to Galaxy customers who are looking to invest in digital currencies using Samsung secure payments infrastructure. Along with in-app purchasing option, Samsung Wallet users in the U.S. will enjoy the promotional benefits of premium service of Coinbase. Subscribers may receive a three-month free trial of Coinbase One.
For those wondering, the premium subscription offers no trading fees on a certain number of tokens, increased staking rates, and special partner offers. The customers of Samsung wallet are also able to get a bonus of $25 after completing their initial trade with Coinbase.
Executive Statements On The Latest Integration
“Millions of Galaxy users rely on their smartphone to complete everyday tasks, and that goes far beyond communication — it’s paying in-store, unlocking a car, showing an ID, and more,” remarked Drew Blackard, Samsung Electronics America’s Senior Vice President of Mobile Product Management. He added, “With our Coinbase partnership, Galaxy users have a simple and streamlined way to access crypto from a leader in the industry.”
The amalgamation also expands the scope of the services Samsung Wallet offers on one platform. Coupled with crypto balances and mobile transactions, the customers will be able to handle installment payments, peer-to-peer transactions, and store digital versions of ID cards, loyalty programs, and digital keys.
Coinbase underlined that the partnership would aim to reach out to a large audience of Galaxy users. Shan Aggarwal, Chief Business Officer at Coinbase, noted, “Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto — starting with more than 75 million of Galaxy users across the U.S., and soon around the world.”
Samsung has made its Wallet to be a core payment, identity, and access point, aiming to add more services to its lineup that do not necessarily involve mobile payments usage. As Coinbase has now become part of its own ecosystem, Galaxy owners can have a direct experience of cryptocurrency trading and management without exiting their device setting.
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