Samsung accepts payments in bitcoin in three Baltic States

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According to local reports, Samsung accepts payments in bitcoin in several Baltic countries through the payment platform CopPay.

Clients, living in Estonia, Latvia and Lithuania in the cities of Tallinn, Riga, Vilnius and Kaunas will be able to purchase now, Samsung smartphones, tablets, laptops, TVs and more with the help of cryptocurrency.

Cooperation with the service CopPay

The South Korean conglomerate will accept payments in Bitcoin, Ethereum, XRP, Litecoin, Dash, NEM and Steem. In Vilnius, capital of Lithuania, there are three Samsung store where you can already pay with bitcoin. In Riga and Tallinn also has one store Samsung.

In addition to the three Baltic States, CopPay also partnered with several retail stores in Portugal. The company also announced through a press release that cryptocurrency will soon be accepted at all online stores Samsung.

“There is a tendency of growth of crypto-currency payments business, through which customers can pay for goods and services with cryptocurrency as in international retail chains and local restaurants,” — said the representative of the CopPay in an interview with news publication.

Active involvement in kriptonyte

Samsung is actively involved in the world of cryptocurrency industry. In January, the company manufacturing electronics announced that it intends to engage in the production of chips because of high demand for chips for mining industry will help increase its profit. In April, the company demonstrated a 58% increase in operating profit in the first quarter of 2018, partly driven by demand for chips for cryptocurrency mining.

Moreover, Samsung uses the technology of the blockchain to manage its global market. As reported in the April edition of Bloomberg, a leading manufacturer of electronics, said that the blockchain helps track global shipments worth tens of billion dollars per year, reducing delivery costs by 20%.

The instability of the stock market does not affect the interest of users to prepopulation

These steps Samsung doing in the period of growth of popularity of the stock market. According to CoinMarketCap, in recent days, the market is actively growing, pushing the Bitcoin price up to $7 460 that shows more than 19% growth in seven days. The surge value should be after the fall of Bitcoin to below $6000 last month.

According to the February study, small business owners believe that cryptocurrency payments will become reality within the next two years. At that time, as published new research eToro and Imperial College London suggests that scriptactive can become the main form of payment in the next 10 years.

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