Proud to share that Bastion has been selected as one of Samsung Wallet's stablecoin partners, providing regulated infrastructure, custody, and cross-border remittances across 82 million U.S. Galaxy devices.
It's an incredible milestone for Bastion, and the entire industry.
Starting the last week of October, eligible Galaxy users will be able to hold and send stablecoins directly in Samsung Wallet, without installing a separate crypto app or managing private keys.
We keep the ledger for each user's balance, verify and screen each user, and monitor transactions for fraud, money laundering, and sanctions exposure. Users can also send money from Samsung Wallet to bank accounts in more than 60 countries, delivered in local currency through our network of local regulated partners.
The crypto industry has spent years talking about reaching the mainstream, and this is what it looks like. Most Galaxy users will never think about custody, compliance, blockchains, or remittance rails, and that's exactly the point. We built Bastion to handle that complexity so the experience feels simple and safe.
Thank you to the Samsung Wallet team for their trust, and to the Bastion team who made this happen.
Full release:
bastion.com/article/bastion-β¦