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Samsung Wallet to add USDC transfers for US Galaxy users in October

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Samsung Wallet to add USDC transfers for US Galaxy users in October

Written by Ezra Reguerra staff writer Edited by Yohan Yun staff editor

Samsung Wallet to add USDC transfers for US Galaxy users in October

Eligible US Galaxy will be able to send USDC to crypto wallets and transfer funds to bank accounts in more than 60 countries.

Samsung plans to introduce USDC transfers to the Samsung Wallet payment app for eligible US Galaxy users in the last week of October.

The company announced that the feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive funds in their local currency.

Samsung said the feature will be available on 82 million compatible Galaxy devices in the US, but users must complete identity verification to access the service. Samsung said it will charge no fees for transfers to external crypto wallets, while international bank transfers will incur fees.

Bastion will provide stablecoin account and payment infrastructure, with Coinbase serving as a sub-custodian through Coinbase Prime Vault.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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