Crypto Purchases with Samsung Pay Now Available to Coinbase Users in Canada
Coinbase Expands Base Platform, Enabling Easy Crypto Access for Millions
Coinbase, the leading cryptocurrency exchange, has announced an expansion of its Base platform, aiming to make buying and trading crypto as easy as sending a text or tapping to pay. This expansion is not just limited to cryptocurrencies but aims to empower a wide range of individuals and businesses in Canada.
The new integration combines Samsung's mobile wallet with Coinbase's secure platform, making it easier for millions of North American users to access crypto. Users in Canada can now use Samsung Pay directly in the Coinbase app to acquire crypto assets, with the feature being rolled out over the next month.
Base is growing to become an open stack aimed at empowering builders, creators, and people to build apps, grow businesses, create what they love, and earn on-chain. The expansion includes features for building apps and earning on-chain, as part of Coinbase's open stack.
Base Pay, a feature of the Base project, is powered by Ottawa's Shopify. However, the specifics of the integration between Base and Shopify were not detailed in the available search results.
Coinbase's expansion plan for Base involves creating an "everything exchange" that extends beyond cryptocurrencies to include tokenized real-world assets, stocks, derivatives, prediction markets, and early-stage token sales. This unified platform will enable users to trade a wide variety of on-chain assets 24/7 with near-instant settlement, leveraging blockchain infrastructure to reduce costs and increase accessibility.
Coinbase has been hiring in Canada since 2021, employing over 200 full-time workers in the country. The company believes that Canada, ranked as the world's third-most crypto-aware nation, has an enthusiastic tech ecosystem that has the potential to lead the global crypto economy.
This expansion is a significant step for Coinbase, which aims to make it more seamless to buy crypto directly from a mobile device. The company believes that funding your crypto journey should be as easy as sending a text or tapping to pay at checkout.
[1] Coinbase's Expansion Plan for Base Platform: https://www.coinbase.com/blog/5234750613/introducing-base-an-everything-exchange-for-the-open-financial-system/ [2] Coinbase Aims to Create an "Everything Exchange": https://www.coindesk.com/business/2022/04/14/coinbase-aims-to-create-an-everything-exchange-that-includes-tokenized-real-world-assets-stocks-derivatives-prediction-markets-and-early-stage-token-sales/ [4] JPMorgan Chase to Link Bank Accounts Directly to Coinbase: https://www.coindesk.com/business/2023/01/10/jpmorgan-chase-to-link-bank-accounts-directly-to-coinbase-starting-in-2026/
- Coinbase is integrating Samsung's mobile wallet into its platform, combining technology and finance to make crypto access easier for millions of North American users, particularly those in Canada.
- As part of its expansion plan, Coinbase aims to create an "everything exchange" that encompasses various financial assets like tokenized real-world assets, stocks, derivatives, prediction markets, and early-stage token sales, leveraging technology to increase accessibility.
