Samsung, the South Korean company will be accepting cryptocurrency as payment from residents of Tallinn (Estonia), Riga (Latvia), Vilnius and Kaunas (Lithuania). The Lithuania-based company made the announcement today that people will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency, reported CoinJournal.
Samsung will be accepting cryptocurrency payments in Bitcoin, Ethereum, XRP, Litecoin, Dash, NEM, and Steem. There are three Samsung stores in Lithuania’s capital, Vilnius which accept cryptocurrency payments. Similarly, there is one shop each in Riga and Tallinn, which will accept digital currencies. There are few merchants in Portugal who use CopPay platform will be able to pay in cryptocurrency as well. Samsung has also announced that it will start accepting cryptocurrencies on its online stores.
Coppay is a European company that offers payment gateways for cryptocurrency paying clients throughout 31 merchant locations. The full list of store addresses can be found on the CopPay merchant map at coppay.io.
CopPay said that,
There is a growing trend toward business digitalisation and allowing customers to pay for goods and services in cryptocurrency, whether at global retailers or local restaurants,
According to CopPay, 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. CopPay has initiated referral program designed to accelerate cryptofication all over Europe.
Samsung is already using blockchain technology to organize its global supply chain. The company is aiming to save at least 20% in shipping costs with the use of blockchain technology. Samsung ships more than tens of billions of dollars’ worth goods every year as reported by Bloomberg.
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