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Samsung Expands Mobile Payments with Stablecoin Support

Guavy AI Editorial Team
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Samsung Electronics is expanding its mobile payments and rewards platform, Samsung Wallet, to include support for stablecoins. The company plans to integrate payments, rewards, and digital assets into a single wallet experience.

In a recent announcement, Samsung product manager Lee Dinham said that the company aims to make Samsung 'one of the first major mobile brands to bring native stablecoins to a smartphone.'

The move follows the company's previous expansion of its partnership with Coinbase in October 2022, which allowed Galaxy users in the US to buy cryptocurrency directly through Samsung Wallet.

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