Coinbase Integrates Samsung Pay for Crypto Purchases in US and Canada
Main Idea
Coinbase has integrated Samsung Pay for crypto purchases in the US and Canada, enabling faster processing and enhanced security, though the market response was muted with a slight decline in Coinbase's stock.
Key Points
1. Coinbase's integration with Samsung Pay allows users in the US and Canada to fund their accounts more easily, leveraging Samsung's mobile payment system.
2. The rollout began for select accounts and will expand further in the coming weeks, marking Coinbase's second major mobile payment integration after Apple Pay.
3. Samsung Pay's framework enables near-immediate access to crypto trading on Coinbase, with combined security features from both platforms.
4. Despite the partnership, Coinbase's shares saw a modest 0.56% decline in pre-market trading to $377.10.
5. Samsung Pay has an estimated 35 million active users in the US, which could expand Coinbase's reach and streamline crypto transactions.
Description
Coinbase has integrated Samsung Pay, allowing US and Canadian users to fund accounts and buy crypto directly The move gives Coinbase access to Samsung Pay’s massive user base of over 30 million people in the US alone Shares of Coinbase (COIN) saw a modest uptick in pre-market trading following the major announcement Coinbase has added Samsung Pay as a payment and deposit option for its users in the United States and Canada. The rollout began this week for select accounts and will expand further ...
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