Samsung wants to take part in the exciting adventure of virtual currencies in a long-term economic project. The giant has announced that it will now accept to support cryptocurrency payments in the shops of certain countries including Estonia, Latvia and Lithuania.
An alternative payment
Samsung has signed a partnership with the CopPay platform, allowing it to approve the use of cryptocurrencies as a method of payment in the Baltic countries.
Customers in Tallinn, Riga, Vilnius and Kaunas in Estonia, Latvia and Lithuania will now be able to purchase electronics such as Samsung smartphones, tablets, laptops and TVs with cryptocurrency.
Samsung will accept Bitcoin, Ethereum, Ripple, Litecoin, Dash, NEM and Steem payments. While the Lithuanian capital Vilnius prides itself on three physical shops that approve of this method of payment, Latvia and Estonia have only one Samsung store at the moment.
In addition, the technology company should soon allow cryptocurrencies as a means of payment on its online stores.
What is CopPay?
CopPay is a company that recently came into being. She completed an Initial Coin Offering (ICO) in late October 2017. Witnessing a rapid development since its inception, CopPay could soon expand its operations in other countries.
The cryptocurrency payment platform was developed by a Blockchain research center based in Lithuania . This explains why the Baltic countries were the first to benefit from the services offered by Samsung.
CopPay offers a 0% transaction fee, Cold Wallet, reference and loyalty programs, and real-time confirmation of payments from cryptocurrency transactions.
“There is a growing trend towards digitization for businesses and allowing customers to pay for goods and services in cryptocurrencies, whether in large groups or in local restaurants. CopPay launches a reference program designed to accelerate the adoption of crypto-payment across Europe. “
What do you think of Samsung accepting payments in virtual currencies? Tell us in the comments section below.