Samsung has deepened its blockchain push by selecting Solana for payment solutions and adding stablecoin accounts to Samsung Wallet. Jamal Raees, General Manager of Payments at the Solana Foundation, said the network's speed, cost-effectiveness and constant availability were key reasons for the choice. The collaboration positions Solana as a mainstream financial rail, with transactions settling in milliseconds and low fees.
In the latest Solana Weekly News, Samsung launched USDC accounts inside Samsung Wallet, enabling USDC transfers to 82 million compatible Galaxy devices starting in late October. The move significantly expands crypto accessibility for Samsung users and reflects a broader trend of technology companies embracing digital currencies.
Separately, $1.1 trillion asset manager Schroders partnered with Centrifuge to bring its emerging markets bond strategy to Solana. Analysts suggest these initiatives could boost transaction volumes and user engagement across the Solana ecosystem. While broader crypto market signals remain mixed, the integrations may provide stability and encourage trading activity.
