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.
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
Trading Bitcoin is too complicated?
We highly recommend our Crypto-Starter-Kit to you!
Follow us on Social Media and subscribe to our free crypto newsletter!
Diskutiere mit uns!
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Blockchain Companies
Kyber announced a partnership with Torus Labs on Mar 25, to enable easy one click on-boarding of new users. The …
Ontology blockchain announced a strategic partnership with Moonstake on Mar 30 to drive staking growth and thus decentralization, as the …
Uniswap team announced the launch of Uniswap v2 for Q2 2020 on Mar 23, with enhanced functionality and resistance against …