Samsung has partnered with Coinbase to provide 75 million Galaxy device owners in the U.S. with access to the exchange’s preferred trading service, marking the largest single consumer distribution run by Coinbase and Samsung Galaxy’s biggest crypto bet to date, the companies announced Thursday.
Samsung Wallet gives Galaxy owners access to Coinbase One services with zero transaction fees and increased staking rewards. This means users can explore cryptocurrencies without having to download another app or move funds between platforms.
Samsung Pay is also linked to Coinbase accounts, allowing Galaxy owners to make payments tied to their holdings. This makes encryption tools available in the same place mobile phone users already store their payment cards, transit passes, and IDs.
“Our mission is to connect over 1 billion people to the chain, and it starts by meeting them where they already are: on their mobile phones,” said Shan Agarwal, chief business officer at Coinbase.
The rollout will begin in the United States, but Samsung and Coinbase plan to expand the program to international markets over the coming months.
“Samsung Wallet is a trusted tool for millions of Galaxy users, and we continually work to find creative ways to improve the experience with additional features,” said Drew Blackard, SVP, Mobile Product Management, Samsung Electronics America.
