Samsung Partners up with CopPay to accept Crypto Payments

- Advertisement -

South Korea based Giant firm Samsung declared that it will accept payments in cryptocurrency. This new feature is only available because the company has made a partnership with the popular blockchain startup CopPay.

Presently, the service will only be available to the users located in the Baltic Countries. The firm declared this service on July 20 from Lithuania. The stores which will accept the digital currency for the project include Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania), and Kaunas (Lithuania).

There are no details about the expected results from these companies. But, it is expected that due to a wide range of possibilities, sales will also increase. Moreover, the CopPay platform is also used in Portugal.

As per details shared by CopPay, Samsung will accept, Bitcoin, Ethereum, XERP, DASH, NEM, and Steam. As the company accepts a wide variety of cryptocurrency, it is clear that Samsung will implement cryptocurrency in regular lives.

This move of accepting cryptocurrencies in physical stores is just the beginning of cryptocurrency. After this, online stores will also accept cryptocurrency as per the information shared by the company. But currently, there is no date specified when these update will be taken into consideration.

The CopPay team said that Samsung is not the first company joining the crypto space, however, there are a wide number of companies who also have accepted cryptocurrency for different purposes. Later, the CopPay team said, “There is a growing trend toward business digitalization and allowing customers to pay for goods and services in cryptocurrency, whether at global retailers or local restaurants.”

Samsung has started working for the development of blockchain technology since a long time ago and has also become one of the most important firms in the crypto space. In April 2018, Samsung declared that it will make ASIC chips for Halong Mining. Halong Mining is one of the most popular companies in Bitcoin mining after Bitmain. This collaboration resulted in a huge success: Samsung observed a huge profit in Q1 because of the great demand for Bitcoin mining chips.

Apart from this, Samsung discovered the true potential of utilizing new blockchain technologies. The tech giant is speculating over the use of blockchain in the shipping industry. This will help the firm to reduce shipping cost by 20%.

- Ad -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

Top 11 Best Financial Investment Email Newsletters of 2020

Financial investment newsletters provide stock tips and analysis. A good financial investment newsletter helps you understand the market. It alerts you to upcoming trends before...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

Latest News & Updates

EtherChain: Smart Contract Ponzi Scheme Running on Ethereum Blockchain

Looking closely at EtherChain, it can easily be seen that this system is nothing short of an MLM Ponzi scheme, that runs on the...

Crypto Engine Review: Crypto Auto Trading Platform in Fact Another Scam?

Bitcoin Engine looks more like a scam automated trading software and app. It’s advertised to be a crypto robot that can offer investors the...

Bitcoin Profit Review: Why Investors Should Avoid This Auto Crypto Trader

Even if picked up by many affiliate networks, Bitcoin Profit still looks more like a scam than a legitimate crypto robot, as it’s a...

Teeka Tiwari’s Project Deepwave: Wall Street's Mysterious Dark Money Live Stream Details

Teeka Tiwari is infamous for his investment advice. He’s personally been involved in many programs that show consumers how to invest in different assets....

Every investment is risky and carries a real chance at losing or gaining. None of the information here is to be considered investment advice. Seek a professional investment advisor consultation before making any investment.

No GainBitcoin contributor is licensed under securities laws and is not qualified to give personal investment advice. Read the about page and all accompanying policies for more details.

More Articles Like This

Best Blockchain Stocks: Top Blockchain Companies for Investors in 2020

Ten years ago, no one had heard of “blockchain”. Over the last five years, however, blockchain has been one of the biggest trends in...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Details

Teeka Tiwari's The Final 5: 5 Coins to $5 Million Jetinar Palm Beach Research Group's Teeka Tiwari is hosting his 5 Coins to $5 Million:...

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...