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binancecoin
BNB (BINANCECOIN)
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solana
Solana (SOLANA)
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ripple
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shiba-inu
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$0.000013 -2.43%
pepe
Pepe (PEPE)
$0.000011 -2.93%
bonk
Bonk (BONK)
$0.000029 -9.92%
bitcoin
Bitcoin (BITCOIN)
$118,010 -0.48%
ethereum
Ethereum (ETHEREUM)
$3,809 0.71%
binancecoin
BNB (BINANCECOIN)
$800.09 -3.25%
solana
Solana (SOLANA)
$180.33 -1.96%
ripple
XRP (RIPPLE)
$3.12 -0.49%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000013 -2.43%
pepe
Pepe (PEPE)
$0.000011 -2.93%
bonk
Bonk (BONK)
$0.000029 -9.92%
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Coinbase Adds Samsung Pay to Expand Mobile Crypto Payments

Highlights:

  • Coinbase adds Samsung Pay to extend crypto purchases in U.S. and Canada.
  • Now, users are able to directly fund their accounts with Samsung Wallet.
  • Mobile-first experience enhances accessibility for crypto purchases.

Coinbase has supported Samsung Pay as a means of payment for U.S. and Canadian users. The integration is being released this week, and over the course of the next month will be available to more users. As stated in the press release, through Samsung Wallet, users can fund their accounts and buy crypto through the Coinbase app.

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With this move, Coinbase continues expanding its mobile-first approach by meeting users on familiar platforms. Samsung Pay is now available alongside Apple Pay and Google Pay as a method of payment. The additional functionality eliminates switching between applications and makes it less cumbersome for people who would like to invest in crypto or expand their stash.

According to the company, the move aligns with its policy of making crypto easier to adopt. Coinbase users can now access the digital assets through selected mobile payment arrangements with reduced steps. The collaboration makes the application more accessible and convenient to use on the supported devices.

Coinbase Includes Samsung Pay for Secure and Fast Transactions

Samsung Wallet integrates Samsung Pay and Samsung Pass into a single interface with security functions, such as Knox protection and tokenization. It also encompasses biometric authentication and storage of sensitive user data that is encrypted. Such safeguards are aimed at making the transactions in Coinbase secure.

The partnership enables users to have a secure and seamless process of financing their crypto experience, according to Coinbase. The Coinbase app allows Samsung Pay users to deposit funds without entering the payment details again. This creates a seamless and quick process of crypto onboarding.

Drew Blackard, Samsung Senior Vice President, said:

“This collaboration with Coinbase will enable our users to have more access to the world of crypto and the ability to experience and interact with cryptocurrency in a secure platform, all on their mobile phones.”

Coinbase’s addition of Samsung Pay makes this process much easier. It will soon be fully available in North America, and it is also planning to introduce more regions in its global rollout plans.

Crypto Purchases and Payments Reshape the Crypto Landscape

Both crypto purchases and payments have recently gained traction as firms continue to look for seamless and effective methods for their clients. For instance, Revolut integrated with Ledger in Europe in August 2024 to enable safe purchases within the Ledger Live app. This enabled approved customers to purchase crypto directly via Revolut wallets without going through further authorization.

In October 2024, Alchemy Pay integrated its Virtual Card product with Samsung Pay, which allowed its users to spend their cryptocurrency at the point of sale and online. This integration enabled crypto cards to function as normal cards and accomplish faster and more secure transactions. Moreover, users can now pay directly through Samsung Pay without having to switch apps or devices.

Recently, PayPal also joined the suit with its “Pay with Crypto” option. It facilitates more than 100 digital assets and allows instant conversion to fiat or stablecoins when making transactions. Merchants can receive payments without suffering the risks and fluctuations of price.

Furthermore, Fidelity National Information Services (FNIS) has collaborated with Circle to launch USDC payments within U.S. banks. The plan intends to add stablecoins to the traditional banking infrastructure to get faster and cheaper transfers. Meanwhile, GameStop CEO Ryan Cohen announced that the company was considering using crypto to trade cards. Such a move would cater to a growing segment of users seeking flexible digital payments for collectibles.

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