Electronic giant Samsung announced it would start accepting cryptocurrencies to purchase its products in several Baltic States. South Korean consumer product giant Samsung said it would start accepting cryptocurrencies as payments for purchases of its products, including tablets, laptops, appliances, smartphones, etc., for residents of the Baltic States.
Samsung’s Lithuanian branch made the announcement paving the way for residents of Vilnius and Kaunas (Lithuania), Riga (Latvia) and Tallinn (Estonia) to buy any products of the brand without the need to convert their digital currencies to fiat money. The popular cryptocurrency payment platform CoPay will facilitate transactions.
Initially, the company said it would accept payments using digital currencies such as Bitcoin (BTC), Dash (DASH), Ethereum (ETH), Litecoin (LTC), NEM (XEM), Ripple (XRP) and Steem. CoPay commented on Samsung’s latest move: “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.” At least three Samsung shops in the Lithuanian capital of Vilnius and one shop each in Riga and Tallinn will accept crypto payments under the new scheme.
CoPay already has experience in handling transactions for items using digital assets as payments. The report said that several shops in Portugal have been using the CoPay platform allowing their customers to make purchases with their digital currency holdings.
Samsung has also said it would begin accepting digital currencies on its online stores. The company’s latest move does not come with a surprise as cryptocurrency is a big part of its business. Read more from cryptovest.com…
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