Samsung Wallet plans stablecoin support in digital payments expansion
Samsung Electronics plans to add stablecoin support to Samsung Wallet, expanding its mobile payments and rewards platform to include digital assets.
South Korean technology giant Samsung Electronics said it plans to expand Samsung Wallet beyond traditional payments by adding support for stablecoins.
The company is moving toward integrating payments, rewards and digital assets into a single wallet experience, Samsung product manager Lee Dinham said during the annual Galaxy Unpacked showcase on Wednesday.
“Samsung Wallet will expand beyond cash and savings. It will embrace new forms of digital value, including stablecoins,” Dinham said. He added that the move would make Samsung “one of the first major mobile brands to bring native stablecoins to a smartphone, enabling fast and trusted digital value transfers.”