Samsung Stores Now Accept Cryptocurrencies

Samsung, one of the world’s largest producers of electronic devices, has begun to accept crypto currencies as a means of payment in the Baltic States. Samsung’s stores in Tallinn, Riga, Vilnius, and Kaunas now accept Bitcoin, Ethereum, Ripple, Litecoin, Dash, Nem, and Steem via CopPay technology.There are three crypto supported stores in Vilnius, the capital of Lithuania, and one in Riga and Tallinn. The full list of store addresses can be found on the CopPay merchant map at addition to the Baltic States, several CopPay’s trading floors are operating in Portugal. The company promises that the crypto-payment feature will be available soon at Samsung’s online stores.

“There is a growing trend toward business digitalization and allowing customers to pay for goods and services in cryptocurrency, whether at global retailers or local restaurants,” CopPay’s press release said. Join to our Telegram channel to be always up-to-date with the latest news of the cryptocurrency space.As a reminder,  Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year. In the first quarter of 2018, due to the sale of mining equipment, the company increased operating profit by 58%.