Gobal IT mogul, Samsung will now be accepting payments in cryptocurrencies for its commodities like smartphones, tablets, TV, and others. Samsung consumers in the Baltic states will only be able to access the provision. The new payment option was made possible after the payment processor CopPay joined hands with Samsung.
The states where the payment will be available
The stores in the Baltic regions of Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania), and Kaunas (Lithuania) will supposedly allow customers to pay in cryptocurrencies. The token of Ripple – XRP, is said to be one of the tokens in which Samsung will accept the payments.
The news was reported by Bitcoin.com and went viral before Samsung confirmed the news. However, several tweets came from different users who are excited at the prospect.
The European fintech firm, Coppay said: “Customers in Tallinn, Riga, Vilnius, and Kaunas can buy Samsung smartphones, tablets, laptops, TV-sets, and more with digital money.”
Coppay was asked on Twitter if they have any plan to support Bitcoin Cash (BCH): “@CopPay_io , congratulations on your rollout of crypto payments with Samsung in the Baltic states! Do you have any plans to support #BitcoinCash $BCH in the future?”
In response, Coppay tweeted confirming : “Thank you very much for the enthusiasm! We indeed have plans of implementing
$BCH in the future! Stay tuned because more and more amazing news will be on it’s way!”
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Crypto popularity in the Baltic States
The latest turn in event, points to the existing popularity of cryptocurrencies in the Baltic states, where bitcoin payments are widely accepted for coffee, apartments, bars, restaurants, hotels, specialty shops, clothing stores, and massage parlors. Major parts of the Baltic hardly has any rigid regulatory policy when it comes to dealing in cryptocurrencies, excepting Latvia, where a 20 percent capital gains tax is levied on the exchanges dealing in cryptocurrencies.
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