Samsung - CopPay partnership

[proo7]

https://www.facebook.com/CopPay/posts/2152225658152683


According to the reports, a tech giant Samsung teamed up with a Lithuanian company CopPay that allows its customers to pay with cryptocurrencies. Now, the residents of three Baltic states (Lithuania, Latvia and Estonia) can purchase any available Samsung products with the help of the aforementioned service.
‘Cryptofying’ businesses

CopPay made an announcement about its cooperation with Samsung on its official Facebook page. Despite the fact there is only one Samsung store in Lithuania, the company emphasizes that it is a crucially important step on the way to ‘cryptofying’ businesses around the globe. Experts expect that many companies will follow the suit in the future, as eToro predicts that as soon as in 10 years cryptocurrencies will become the most widespread means of payment.

Apart from Bitcoin, customers will be able to pay for TVs, smartphones, laptops and other Samsung gadgets with the help of Ethereum, Ripple, Litecoin, NEM and Dash. CopPay states that Samsung’s online stores will start accepting cryptocurrency payments as well in the nearest future.


Samsung has been eyeing crypto for a long time, so this now the first occasion when this multinational South Korean corporation is involved in such a partnership. In April 2018, Samsung Electronics made an announcement about developing ASIC chips for Halong Mining, most influential company in Bitcoin mining after Bitmain. Samsung’s partnership with Halong Mining turned out to be a big success: the tech giant experienced a sudden surge (up by almost 60 percent) in Q1 profit due to a high demand for Bitcoin mining chips.

On top of that, Samsung also recognized the potential of implementing new Blockchain technologies. The electronics giant is mulling over the utilization Blockchain in the shipping industry which would supposedly reduce the shipping cost by as much as 20 percent.

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[HumberGuns]

I heard this news today. It seems really interesting that a big colossus like Samsung is partnering with CopPay that actually I never heard anyone talk about. Anyway good news!!!

[batang_bitcoin]

Before there's a news that they are building chips for bitcoin mining and now they are partnering with CopPay.

I've searched first some related news about this because this can be another fake news but it has been all over different news website so I can say that this is legit.

Way to go Samsung, I hope other big tech companies will be inspired by this move.

[Dayattaufik]

this is very good this information means the progress of samsung is good enough so that can mingle or have cooperation for cryptocurrency world, does Samsung also issue its bounty.

[Peterdav]

This will be good news, this will make it easier for customers especially customer Samsung in making payment with cryptocurrency.

[ConPay]

CopPay's CEO Official Statement about Samsung and CopPay collaboration.

The latest update: https://goo.gl/gbfQ24

[Love1989]

this is good news, as we know samsung is a technological giant from korea with the users of almost all of the world population. this means that cryptocurrency is increasingly recognized and known to the world community. I am glad to hear it.

[Red-Apple]

LOL. the news doesn't get any more fake than this
https://thenextweb.com/hardfork/2018/07/23/samsung-coppay-cryptocurrency-baltics/

a couple of days ago when this came out i was completely skeptical about it and now we see how Samsung denied their lies. they are NOT accepting cryptocurrencies anywhere including Baltic states.
it is really pathetic how these sites just keep on making fake news desperately trying to pump altcoins that continue getting dumped hard because bitcoin is rising!

[haroldtee]

LOL. the news doesn't get any more fake than this
https://thenextweb.com/hardfork/2018/07/23/samsung-coppay-cryptocurrency-baltics/

a couple of days ago when this came out i was completely skeptical about it and now we see how Samsung denied their lies. they are NOT accepting cryptocurrencies anywhere including Baltic states.
it is really pathetic how these sites just keep on making fake news desperately trying to pump altcoins that continue getting dumped hard because bitcoin is rising!

It is obvious most media sites these days really do not bother spreading fake news as long as they feel the news is good enough to generate a lot of traffic to their website. Welcome to the world where any one can just open a news blog site and start putting whatever they feel like without any single journalism knowledge or skill. It is not the first time we get to see such fake news about big giants partnership in relation to the crypto space and I am sure it won't be the last.

[kingsmanpower]

When these two companies cooperate.
I believe that's pretty cool news, promising the market will uptrend.
I hope next time there is good information !!!

[Valay9836]

This is a very good sign . if such business sharks are included in the crypto-currency market, this is a good sign

[Ridzik111]

Samsung is one of the largest companies that joined the ranks of the crypt. This is seryozdno. I think a few more cool companies that will join the crypt, and the crypt market will come out of the red strip. Soon there will be a green strip.

[Muhammad Muneeb]

https://www.facebook.com/CopPay/posts/2152225658152683


According to the reports, a tech giant Samsung teamed up with a Lithuanian company CopPay that allows its customers to pay with cryptocurrencies. Now, the residents of three Baltic states (Lithuania, Latvia and Estonia) can purchase any available Samsung products with the help of the aforementioned service.
‘Cryptofying’ businesses

CopPay made an announcement about its cooperation with Samsung on its official Facebook page. Despite the fact there is only one Samsung store in Lithuania, the company emphasizes that it is a crucially important step on the way to ‘cryptofying’ businesses around the globe. Experts expect that many companies will follow the suit in the future, as eToro predicts that as soon as in 10 years cryptocurrencies will become the most widespread means of payment.

Apart from Bitcoin, customers will be able to pay for TVs, smartphones, laptops and other Samsung gadgets with the help of Ethereum, Ripple, Litecoin, NEM and Dash. CopPay states that Samsung’s online stores will start accepting cryptocurrency payments as well in the nearest future.


Samsung has been eyeing crypto for a long time, so this now the first occasion when this multinational South Korean corporation is involved in such a partnership. In April 2018, Samsung Electronics made an announcement about developing ASIC chips for Halong Mining, most influential company in Bitcoin mining after Bitmain. Samsung’s partnership with Halong Mining turned out to be a big success: the tech giant experienced a sudden surge (up by almost 60 percent) in Q1 profit due to a high demand for Bitcoin mining chips.

On top of that, Samsung also recognized the potential of implementing new Blockchain technologies. The electronics giant is mulling over the utilization Blockchain in the shipping industry which would supposedly reduce the shipping cost by as much as 20 percent.

another setp toward crypto adoption by a tech giant but how they will deal with the volatility of the crypto if they will make high losses due to market dips then i fear that no other companies are going to make the same move

[mu86268722]

When I heard that the technology giant Samsung and the Lithuanian company CopPay are very happy, this is a very good sign. It is a win-win move that will inspire other large technology companies and will greatly promote the development of the cryptocurrency market.