Samsung to Offer Cryptocurrency Payment Methods in Three Countries

In an official blog post published today, tech giant Samsung announced that it will begin offering cryptocurrency payment options in Estonia, Latvia and Lithuania.

According to the post, users from these countries will now be able to buy “Samsung smartphones, tablets, laptops, TV-sets and more with digital money.”

Samsung’s new digital money transaction system will be set up the using cryptocurrency payment platform CopPay. Coins currently accepted through CopPay include Bitcoin, Ethereum, Litecoin, XRP, Dash, NEM and Steem. The new crypto payment feature will be available at Samsung’s internet stores as well as physical stores within the Baltic States of Tallinn, Riga, Vilnius and Kaunas.

What is CopPay?

CopPay brands itself as a blockchain platform for cryptocurrency payments. The company launched its Initial Coin Offering (ICO) in late October of last year and has seen steady growth since its inception. CopPay has been making its services available primarily in Baltic countries since its onset, with a focus on retail stores in its home country of Lithuania. The platform’s features include zero percent transaction fees, cold wallets, referral and loyalty programs, and immediate payment confirmation for valid cryptocurrency transactions.

Samsung’s Blockchain Efforts

Samsung’s new partnership with CopPay is just one in a series of recent efforts by the South Korean-based tech company to advance into cryptocurrency and blockchain markets.

In June, Samsung launched a blockchain logistics services program for global e-commerce merchants as well as a specialized blockchain for financial institutions called Nexfinance .

Samsung has also been actively involving itself in the crypto mining industry—most notably by starting a mass-production line of ASIC chips used by Chinese crypto mining giant, Bitmain.

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