📰 Phone makers are starting to compete for a foothold in the stablecoin market.
On October 7, Samsung announced partnerships with Coinbase, Bastion, Solana, Sui, and others to bring USDC to Samsung Wallet, with plans to roll it out to eligible Galaxy users in the U.S. by the end of October.
On the surface, this is just another feature for a mobile wallet. But the real change is that users may soon be able to buy and send USDC right from the familiar Samsung Wallet app—without downloading a separate crypto app or managing their own private keys.
🔥 So far, two main use cases have been announced: sending money to external crypto wallets or exchange accounts, with no transfer fees charged by Samsung; and sending money to bank accounts in more than 60 countries, where recipients receive funds in their local currency. Fees apply to the latter, depending on the destination and amount.
The figure of 82 million devices is eye-catching, but it refers to the number of Galaxy devices in the U.S. that support Samsung Wallet—not the number of actual users. Users will also need to meet service eligibility requirements and complete identity verification, so it shouldn’t be interpreted as 82 million new stablecoin users.
💡 Samsung started putting blockchain wallets and private-key protection on its phones in 2019, later experimented with NFTs and integrated Coinbase, and is now bringing USDC into its everyday wallet. Its direction is clearly moving closer to real-world payments. Honestly, if phone makers make stablecoin transfers a standard feature, many people might first encounter crypto assets when sending money.
🤔 What do you think will bring stablecoins into everyday life: exchanges, or mobile gateways like Samsung Wallet?
#稳定币 #USDC #三星 #Web3
On October 7, Samsung announced partnerships with Coinbase, Bastion, Solana, Sui, and others to bring USDC to Samsung Wallet, with plans to roll it out to eligible Galaxy users in the U.S. by the end of October.
On the surface, this is just another feature for a mobile wallet. But the real change is that users may soon be able to buy and send USDC right from the familiar Samsung Wallet app—without downloading a separate crypto app or managing their own private keys.
🔥 So far, two main use cases have been announced: sending money to external crypto wallets or exchange accounts, with no transfer fees charged by Samsung; and sending money to bank accounts in more than 60 countries, where recipients receive funds in their local currency. Fees apply to the latter, depending on the destination and amount.
The figure of 82 million devices is eye-catching, but it refers to the number of Galaxy devices in the U.S. that support Samsung Wallet—not the number of actual users. Users will also need to meet service eligibility requirements and complete identity verification, so it shouldn’t be interpreted as 82 million new stablecoin users.
💡 Samsung started putting blockchain wallets and private-key protection on its phones in 2019, later experimented with NFTs and integrated Coinbase, and is now bringing USDC into its everyday wallet. Its direction is clearly moving closer to real-world payments. Honestly, if phone makers make stablecoin transfers a standard feature, many people might first encounter crypto assets when sending money.
🤔 What do you think will bring stablecoins into everyday life: exchanges, or mobile gateways like Samsung Wallet?
#稳定币 #USDC #三星 #Web3