Samsung integrates Coinbase virtual asset services in the U.S.

Samsung Electronics is partnering with Coinbase to provide virtual asset trading and payment services. This cooperation is Samsung's largest integration of virtual asset services and Coinbase's largest deployment for a single consumer audience.

On the 3rd (local time), Samsung announced it will integrate Coinbase's premium service, 'Coinbase One', into "Samsung Wallet." About 75 million U.S. Galaxy users will be able to use trading, staking, and payment functions within Samsung Wallet without installing a separate app or moving funds. Coinbase One includes benefits such as waived trading fees and expanded staking rewards.

Samsung Pay was also linked to Coinbase accounts so Galaxy users can use the virtual assets they hold directly as a payment method. With this function added to Samsung Wallet, which previously stored payment cards, transit cards, and IDs, the expansion into an integrated financial hub has been put into full swing.

Shan Aggarwal, head of business at Coinbase, said, "To bring over one billion people on-chain, you have to start where people already are — on their smartphones."

Drew Blackard, Senior Vice President of Mobile Product Management at Samsung Electronics America, said, "Samsung Wallet is a tool trusted by tens of millions of Galaxy users," adding, "Through this collaboration we will further enhance the user experience and offer new features."