The giant electronic consumer Samsung has expanded its cooperation with the Coinbase cryptocurrency exchange, which allows Galaxy smartphone users to buy crypto directly through the native Samsung wallet.
In the first phase, approximately 75 million space users in the United States will get access to Coinbase One, a subscription service that offers zero trading fees, higher accounts and account protection for lost funds due to unauthorized accessing, Coinbase announced Friday.
“With Samsung, we pair their global size on the trusted Coinbase platform to deliver the best value for people to access crypto – starting with more than 75 million space users across the US, and soon worldwide,” said Shan Aggarwal, Chief Business Business Officer in Coinbase.
The two companies aim to expand access to more Galaxy smartphone users around the world, which potentially brings a significant flow of new investors to major investors in the crypto market, which has been given more than one billion active Global Galaxy users.
Samsung costs about 13% of 7.4 billion smartphone users worldwide in September, According to In Bankmycell.
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Samsung Wallet Partnership will make crypto more accessible, “Coinbase’s CEO says
The new collaboration will provide US Galaxy smartphone users to buy crypto via Samsung Wallet in addition to free access to Coinbase One, which costs $ 4.99 per month for the main version and $ 29.99 per month for the premium version.
The new collaboration will “make crypto more accessible,” said Coinbase Co-Founder and CEO Brian Armstrong, on a Friday X Post.
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Launched Through Samsung Electronics, Samsung Wallet is a Samsung Pay evolution, which was first introduced in 2015, and later included many Crypto Wallet features, which re -rebranding as the Samsung Wallet mobile application in June 2022.
Samsung wallet is first combined as a payment Way and the choice of deposit for cryptocurrency entrepreneurs at Coinbase by the end of July.
Coinbase cooperation marked Samsung’s promise to allow users to “explore and participate in crypto on a trusted platform,” from the convenience of their mobile phones, Drew Blackard, senior vice president of mobile product management at Samsung Electronics America, said.
Samsung wallet app users can conduct mobile crypto transactions, installation payment, peer-to-peer transactions and access Digital identification services.
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