Both companies aim to expand globally and strengthen the bridge between DeFi and TradFi, bringing Web3 tech into the ‘palm of your hand’.
Accessibility has been a major obstacle to widespread adoption throughout the history of cryptocurrency.
Because of this, several projects in the Web3 space have prioritised making digital assets seamless to use. This has taken several forms, such as sending crypto via an email address or phone number, improving interoperability or directly integrating DeFi into mobile/desktop platforms.
And now one of the world’s premier smartphone manufacturers, Samsung, in conjunction with Coinbase, is looking to bring yet another layer of accessibility to the growing user base of cryptocurrency.
Coinbase One Delivered to Samsung Mobiles in the US
For now, the partnership is relatively straightforward – Samsung smartphone users in the United States will automatically receive access to Coinbase One, the platform’s all-encompassing subscription service.
Features include:
* Zero trading fees
* Better staking rewards
* Priority customer support
* Access to exclusive partnerships and deals
At face value, these changes don’t necessarily make using digital assets any easier. However, they do make using them (for Samsung holders) more appealing, and may be the nudge fence-sitters needed to begin investing in the sector.
And, without sounding too clichéd – this is just the beginning.
‘The Future of Finance in the Palm of Your Hand’
The addition of Coinbase One to all US Samsung mobile customers is a significant move, but let’s be clear: the real jolt to accessibility was the implementation of digital assets to Samsung Pay.
Samsung Pay, a competitor to Google and Apple Pay, can be linked to an existing wallet via Samsung Wallet (for example, your Coinbase exchange Wallet) and then used to spend crypto as you would fiat.
The Coinbase One deal just sweetens the pot for existing or prospective customers.
Additionally, the collab is laying the groundwork for further developments in the TradFi x DeFi area, looking to fast-track a financial future powered by blockchain and decentralised technology.
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