Samsung Wallet to Integrate Cryptocurrency Transfers for US Galaxy Users
Translated & summarized from Behadrei Haredim by baba
Samsung will allow eligible Galaxy users in the US to transfer USDC stablecoins directly from Samsung Wallet starting in late October 2026. The feature enables cross-border transfers to digital wallets and bank accounts in over 60 countries, with partners like Coinbase involved. Samsung aims to eventually allow payments in stores and online, but international expansion depends on regulations.
The story in 6 lines · by baba
- Samsung Wallet will enable USDC cryptocurrency transfers for US Galaxy users starting late October 2026.
- The feature allows cross-border transfers to digital wallets and bank accounts in over 60 countries.
- USDC is a stablecoin designed for payments, pegged to the US dollar.
- Coinbase, Bastion, Solana, and Sui are key partners in providing the service.
- Future plans include using the digital currency for in-store and online payments.
- Expansion to other countries, including Israel, is dependent on regulatory approval.
Samsung has announced a significant update to its digital wallet application, allowing eligible Galaxy users in the United States to hold and transfer USDC, a stablecoin pegged to the US dollar, directly within Samsung Wallet. This new feature, set to launch in the last week of October 2026, will eliminate the need for a separate cryptocurrency app. Unlike volatile cryptocurrencies such as Bitcoin, USDC is designed primarily for money transfers and payments, though its stability relies on the issuing and holding entities.
The core innovation is the ability to conduct cross-border money transfers from within the familiar Samsung Wallet interface. Users will be able to send USDC to compatible digital wallets globally or transfer funds to bank accounts in over 60 countries. Transfers to bank accounts may be received in the recipient's local currency. Samsung stated that transfers to compatible digital wallets will be free of charge from their end, although the receiving wallet provider might impose a fee. Bank account transfers will incur variable fees based on the country and amount, with users able to view costs and estimated transfer times before confirmation.
Key partners are involved in enabling this service. Coinbase will provide asset custody through Coinbase Prime, Bastion will manage the financial and regulatory infrastructure, and the Solana and Sui networks will support the blockchain infrastructure. Users will not need to manage private keys themselves, and all transactions will require biometric authentication on a registered device. Samsung estimates the service could reach up to 82 million compatible Galaxy devices in the US.
Future plans include exploring the possibility of using these digital currencies for payments in stores and online, similar to standard digital wallet payments. Samsung noted that expansion to other countries will depend on local regulatory requirements. Initially, the service is for US residents aged 18 and above with a Samsung account and a compatible device running Android 13 or higher. A launch date for Israel has not yet been announced, and local Galaxy users will not be able to utilize this new money transfer option.