Crypto Boost in Brazil as Samsung Wallet Set to Launch

Samsung has announced the rollout of its crypto wallet-linkable mobile payments solution – Samsung Wallet – in Brazil, India, Malaysia, and five other countries.

Per an official Samsung release and a report from Brazil’s Livecoins, the firm will also unveil the service to users in Australia, Canada, Hong Kong, Singapore, and Taiwan.

In the United States, Samsung Galaxy smartphone owners can already link their Samsung Wallets to their Coinbase accounts. Using this function, they can view their primary balances, although they still need to open the Coinbase app to access their coins and fiat.

A similar service is also available for users of the Gemini crypto exchange.

Coinbase has previously stated that it is “working on making buying and selling cryptocurrency from Coinbase within the Samsung Wallet app available.” The exchange said that it will “let customers know when these features are available.”

The South Korea-based Samsung has previously rolled out a “blockchain” wallet that can store several popular cryptoassets. Livecoins remarked that the development “allows users with cryptocurrencies stored in the Samsung Blockchain Wallet to access their assets.”

Further Samsung Wallet Rollouts Planned?

The company has not revealed an exact date for the rollout, but instead said it would be ready “at the end of January.”

Samsung added that it was “looking forward to sharing exciting new [wallet-related] developments this year.” The mobile maker said it was currently working with new potential partners on developments.

It explained that it was “working hard” to “rapidly expand the availability of Samsung Wallet” and “bring the platform to more potential users.”

The move will take the number of nations in which the wallet is available in to 21.

Earlier this year, another South Korean tech titan – the security provider AhnLab – announced that it had launched a crypto wallet. Samsung’s closest domestic rival, LG, meanwhile, released its own crypto wallet. Named Wallypto, the LG wallet debuted late last year.