Samsung Wallet to Enable USDC Transfers for Galaxy Users
- Samsung will introduce USDC transfers in the Samsung Wallet app for eligible US Galaxy users in late October.
- The feature allows users to send USDC to compatible crypto wallets internationally and transfer funds to bank accounts in over 60 countries.
- Available on approximately 82 million Galaxy devices, users must complete identity verification to access the service.
- Transfers to external crypto wallets will incur no fees, while international bank transfers will have associated fees.
- Bastion will provide stablecoin infrastructure, with Coinbase acting as a sub-custodian through Coinbase Prime Vault.
This initiative marks a significant step in integrating stablecoin functionality into mainstream payment systems, enhancing accessibility for users across various regions.
With services available on 82 million devices, Samsung’s new feature aims to streamline international transactions using USDC while ensuring user security through identity verification. (Source)
