Last updated: August 11th, 2026 at 08:44 UTC+02:00
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Stablecoin remittances will be a core feature.
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Samsung
Samsung announced at its Unpacked event last month that it will soon bring stablecoin support to Samsung Wallet.
The company has gradually been enhancing cryptocurrency support in its payment platform, with users in the United States already able to purchase digital currencies using Samsung Wallet.
Local reports from South Korea highlight that Samsung will enable stablecoin account opening, cross-border overseas remittances, and in-store point-of-sale payments to Samsung Wallet.
The cross-border payments functionality will enable users to use stablecoins for sending remittances without requiring a separate app for virtual assets.
This feature will be particularly useful, as it would enable users to save on indirect expenses such as exchange costs and intermediary bank fees when sending remittances.
Remittances sent through conventional modes often take longer to arrive, with funds not being available for use immediately. Stablecoin remittances are not just faster but also allow for the funds to be used the moment they're received.
The feature would deliver incredible cost-savings for the organization itself. The report mentions that if Samsung Electronics uses stablecoins for internal organization-wide remittances, it could end up saving more than $100 million per year.
Samsung plans to expand the scope of cryptocurrency services offered through Samsung Wallet step by step, in line with the regulatory environment of each country where it intends to offer the functionality.
First Samsung device: SGH-E900
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
