Samsung announced that it will be accepting virtual currencies for its products in the three Baltic countries. The company arranged a partnership with the payment platform known as CopPay.
Samsung Accepts Cryptocurrencies
We are talking about Latvia, Estonia, and Lithuania. The first shops will be located in Riga, Tallinn, Kaunas, and Vilnius.
At the moment, there will be just some currencies accepted, but later there will be more cryptos supported. The company said that it will be working with Bitcoin, Litecoin, Ripple, Ethereum, Steem, and Dash.
This will allow more individuals to make purchases with cryptocurrencies and help retail stores see the benefits associated with virtual currencies. As a good IT company, Samsung is giving the example to other companies on how to adopt new growing technologies.
Even when the first stage of this project is available in three countries, in the future more nations may be added to the list. Samsung has been in the news earlier this year because it announced that it wanted to enter the blockchain and crypto market by developing ASIC miners and compete against Bitmain – which is currently the most important company in the Bitcoin mining market.
At the same time, CopPay is also expanding its business and is trying to reach new customers and retail stores. The main intention is to spread the knowledge about virtual currencies and the benefits related to accept them.
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