Samsung Wallet to Support USDC for Galaxy Users in Late October
- Eligible Galaxy users in the US will gain access to USDC transfers via Samsung Wallet in the last week of October.
- The service will allow users to send USDC to compatible crypto wallets and transfer funds to bank accounts in over 60 countries.
- Samsung Wallet will support transfers without additional apps or private key management, available on approximately 82 million devices.
- Bastion is responsible for infrastructure deployment and regulatory compliance, with Coinbase as a sub-custodian for USDC holdings.
- Transfers are expected to be completed within seconds and without fees, requiring biometric authentication for security.
This new feature aims to enhance accessibility for cryptocurrency transactions among Galaxy users while ensuring compliance through partnerships with custodians like Bastion and Coinbase. Samsung plans further expansions of the service, including potential stablecoin payments through NFC technology.
With over 60 countries supported for bank transfers, this initiative marks a significant step in integrating cryptocurrency into mainstream finance via mobile technology.
