Samsung accepts payment in electronic money in 3 Baltic countries

Samsung - Korean information technology giant, announced the acceptance of electronic payments based on strategic partnership with the CopPay platform.

The announcement was made by a company based in Lithuania on July 20. Accordingly, in the initial stage, the platform implementation will benefit users from three Baltic states.

The stores accepting electronic money are shops in Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania) and Kaunas (Lithuania).

According to information supplied by CopPay, the Korean multinational corporation will accept payment of its products by Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Dash, NEM and Steem.

This shows that Samsung seems to be very confident in the benefits that electronic mass adoption can bring in the future.

In Tallinn and Riga, there is only one Samsung store, while in Vilnius there are three stores, all of which are capable of handling electronic payments. In addition to these cities, CopPay also has a network of traders using its platform in Portugal.

Samsung and CopPay: A potential partnership
It is important to note that Samsung will not only provide the option of accepting e-money in physical stores, but according to information disclosed by the company, it also has plans in the short term to allow stores Online will also accept payment by electronic money.

So far, there is no expected timeline for commencement of such changes in the platform of the Asian giants.

The team behind CopPay commented that Samsung is not the only company caught up in the electronic money space, but many other large businesses have embraced electronic money as an effective means of handling the money. financial transactions:

"At present, the digitalisation trend is developing in a positive way, allowing consumers to pay for goods and services by electronic money at large retailers around the globe or at home. local goods.

Samsung is no stranger to the world of electronic money
Samsung has been involved in developing Blockchain technology and is even an important player in the world of electronic money.

Earlier this year, the company revealed that it is planning to enter the ASIC market through the production of electronic chips used to exploit codewords. This decision led to significant growth in Samsung's profitability in the first quarter of 2018.

In addition, Samsung is also working on developing a Blockchain-based system to track global shipments.