Samsung Accepts Crypto Now?

Samsung branches are accepting cryptocurrencies as a form of payment in the Baltic region.

Samsung stores in the Baltic region have decided to use the Crypto CopPay payment platform to accept up to seven different cryptocurrencies, including Dash (DASH), Steem (STEEM), NEM (XEM) and giants such as Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP).

The platform mentioned above allows consumers, communities, and companies to negotiate with the cryptocurrencies, thus facilitating this type of economy to grow more and more and to unite more people.

CopPay announces on its blog that it is joining the trend of dealing with cryptocurrencies with the goal of being one step ahead in the future.

This payment option will always be available, of course, in the online stores of the electronics giant Samsung. And also, in some physical shops in the Baltic state like Kaunas, Riga, Tallinn, and Vilnius.

The Baltic region is more impoverished than Western Europe, yet it is in the process of becoming a more prosperous region as it has had some economic boom in recent years, much of this is due to cryptocurrency.

Many merchants accept this type of payment; the truth is that it has already become familiar, and you could pay for almost everything – from simple things like a café or a restaurant to apartments, shops receipts, hotel bookings, among others.

It may be because in the Baltic region the regulations or regulations have not yet been implemented. But, Latvia—as part of the Baltic region—recently announced that the government could enforce taxes of up to 20% on profits from cryptocurrencies negotiations.

This story is updated: It’s not actually happening. There’s only a possibility of this to happen. More on CopPay CEO’s statement here.

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Author:
Ana (@coinjive) has been involved in the crypto industry for more than a year now. She was working for three ICOs (as a PR / and CMO). And prior to dive into the blockchain reality, she served as a Communication manager for big tech and less tech companies (including SAP, Evernote, Avon and, etc.). Currently, she works as a contributor at Future Times and as ICO analyst for a private Israel-based crypto venture capital firm. P.S. please agree to accept a dash of subjectivity. Coinjive is run by a human after all.