Samsung Stores in Three Baltic States Accepting Cryptocurrencies

[suvo05]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

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[speedy1987]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

Wow i really happy because of this. Already i read this news. Thanks for sharing this to forum. Because i was thought to share this. Hopefully here after bitcoin price will be moon.

[TheGodFather]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

News like this are those that keep the hopes alive that there is hope and a future for the cryptocurrency in our financial and economical zones in the world. What is also a positive is that samsung is a company that is known and respected worldwide which keans that their decisions do carry weight not just in their industry but also to the whole of the corporations that are looking into investing and moving forward with the cryptocurrencies.

[mk4]

This thing right here, is far more significant than the "BMW" accepting bitcoin news is. This is actually Samsung. Not some random dealer. Wonder why they started in these Baltic states though, probably testing things out first before going full-scale with bitcoin payments hopefully sometime in the future.

Though I really don't know why they even accepted Steem though. Steem isn't even made for merchant payments(though you could say the same for ETH).

[lumedeee02]

I'm really so excited with this news because it still keep a lot of hope alive in the world of crypto currency and if all other shops can copy this crypto currency will definitely move beyond imagination

[shayshaylaboogie]

This is more than good but only for the people that are living in there and are actually using bitcoins, for all the other people is good because it means more adoption  = more increases on the price.
More than happy to see this kind of news in here

[livingfree]

This is actually Samsung. Not some random dealer.

Yeah this is the real Samsung unlike the fake news that has been spread through the BMW dealer.

Samsung has been doing a great job for welcoming cryptocurrencies if you can remember guys that they are also producing ASIC chips, they want to play a big role in the crypto ecosystem.

Will other companies will follow Samsung's foots step?

[akashark]

This is really a great news for everyone here. Samsung is a worldwide famous and popular company. If they accept cryptocurrency as payment, then it's mean a lot. And, I assume the more big company will follow Samsung's this step. Cryptocurrency is making big for everyone. Now I hope, One day, crypto will be accepted by every country and every e-commerce company will add crypto coins as a payment method.

[Clark05]

Samsung is one most powerful partnet of crypto. Last few months ago I see some news samsung creating mining using mobile and now they accepting bitcoin and different kinds of altcoins for their payment . I hope samsung will continue partnership crypto.

[len23]

This is a great sign that crypto currency will be accepted soon in many businesses and in many shops as mode of payments,big companies are starting to adopt it.

[Sanu Simon]

What's been mentioned seems to be the acceptance of cryptocurrency on the selected stores seems to be on individual interest. Samsung hasn't revealed anything stating the acceptance of cryptocurrency into their businesses. Samsung entering the production of mining equipments is a first step of positive signal from Samsung and hope the similar support will continue.

[gidaahmad]

Samsung is a great company. Although the effect is not too big. But I hope the news can be a reference for my trading today. And I hope this will be followed by many other big companies.

[abelmon66]

this is very good news when Samsung receives a crypto currency, and I think with this news will be able to improve the state of bitcoin and other altcoin prices.

[mk4]

Samsung is a great company. Although the effect is not too big. But I hope the news can be a reference for my trading today. And I hope this will be followed by many other big companies.

I don't see how Samsung, a technological giant(giant being a huge understatement) accepting crypto is "not too big". If it goes successful I don't see why they wouldn't do the same for their other stores.

[pooya87]

This thing right here, is far more significant than the "BMW" accepting bitcoin news is. This is actually Samsung. Not some random dealer. Wonder why they started in these Baltic states though, probably testing things out first before going full-scale with bitcoin payments hopefully sometime in the future.

Though I really don't know why they even accepted Steem though. Steem isn't even made for merchant payments(though you could say the same for ETH).

those are just stored like any other store and the store owner is free to do whatever they want, i don't think it has anything to do with Samsung itself. it is just a method of payment and you have permission to sell Samsung products but your contract doesn't say which method of payment to use.

as for ETH,... it is funny because they are not even currencies! it is always surprising enough when people compare ETH and BTC and i can get why gambling sites accept it but a merchant doing it is just not right. and i seriously doubt if anyone spends their ETH, they barely spend their bitcoin as it is, they won't spend their altcoins which are purely investment.

[gobingo]

this will be a very good power with Samsung already using bitcoin and coin altcoin coins the other, and I strongly believe this will be able to push the price to go up.

[iotarocket]

That makes perfect sense, especially in tech-savvy nations like the Baltics. Accepting cryptocurrencies and particularly bitcoin will help Samsung reinforce the idea that it is at the cutting-edge of technological innovation. This is a positive for both Samsung and cryptocurrencies.

[VitKoyn]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

This is what I always say, if stores or merchants are afraid of accepting cryptocurrency because of the volatility they can just partner with cryptocurrency payment processors like what Samsung did, partnering with Coppay. This is good news because Samsung is a huge company, hopefully they will also consider doing this in all of their stores internationally. It will increase the awareness of people that still don't know anything about cryptocurrency if huge business will start adopting it, and demand on crypto will surely increase.

[Dexion]

thanks for the information. this is good news, this news supports the market and greatly affects the bitcoin volatility.

some other companies like McDonald also accept crypto, I hope all stores can accept crypto although not a priority payment, because crypto users always increasing every day.

[Wendigo]

This thing right here, is far more significant than the "BMW" accepting bitcoin news is. This is actually Samsung. Not some random dealer. Wonder why they started in these Baltic states though, probably testing things out first before going full-scale with bitcoin payments hopefully sometime in the future.

Though I really don't know why they even accepted Steem though. Steem isn't even made for merchant payments(though you could say the same for ETH).

It is said in the article that there is no regulatory policy for cryptocurrencies in the Baltic States or it's minimal. Maybe that's why Samsung decided to dabble in crypto as they will probably pay no taxes via the Coppay payment processor who handles their customers' crypto purchases. I am not an expert though so don't quote me on that. Samsung are quite the profit-driven company and it would make sense for them to test the waters in an unregulated market with zero bureaucratic obstacles first.

[Pursuer]

this is meaningless unless there is a demand for it and only if people actually use it! for instance we need some stats from these stores to see whether people even used any of these cryptocurrencies to buy stuff from them or not.

for example did anyone at all went to these stores and paid 1400 XRP to buy a flat screen TV for instance? it doesn't seem like something people which are only investing in these altcoins for their pump and dumps do.

[snipie]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

It is like a retailer store. They can accept whatever they want and in this case payment processing firms is facilitating everything for them.
Coppay or BitPay are doing the job and stores are getting paid in fiat. Win - win

[loragean03]

These news makes a huge effect in whole crypto world. Some of the reputated companies like samsung, and mcdo are now  slowly adopting crypto currency, it can be give them more easier to make an transactions when they start using this,  or they see some potentials to use crypto. If this all happen world wide,  prices of every leading crypto currencies will rise.

[mk4]

this is meaningless unless there is a demand for it and only if people actually use it! for instance we need some stats from these stores to see whether people even used any of these cryptocurrencies to buy stuff from them or not.

for example did anyone at all went to these stores and paid 1400 XRP to buy a flat screen TV for instance? it doesn't seem like something people which are only investing in these altcoins for their pump and dumps do.

It sure might not mean much if people don't use it, but hey. If they put up signs about them accepting BTC and other crypto, it's still publicity I guess. Not as good as we're hoping but it's something.

[dohh]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

Thats bullshit of course. Im from Baltics, I can assure You, no one accepts BTC here. Never believe "news" about bitcoin, that are released by enthusiasts themselves.

[jaaeeeyyyy]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

"Turn on Future' they said, Finally samsung made it officially. This is a great news for the bitcoin community especially for those who uses bitcoin and other cryptocurrencies as mode of payment. This will greatly affect the market for bitcoin, ethereum, litecoin, Ripple, Dash,Nem and Steem. I guess they already seen the potential of digital assets and so they come up with that.

[mahbuboracle]

The excellent logging of the world of crypto may be some of the big companies according to samsung steps.

with the acceptance of many large companies will have a big effect on bitcoin prices. soon crypto world will dominate the world with the ease of doing transactions.

[Pursuer]

this is meaningless unless there is a demand for it and only if people actually use it! for instance we need some stats from these stores to see whether people even used any of these cryptocurrencies to buy stuff from them or not.

for example did anyone at all went to these stores and paid 1400 XRP to buy a flat screen TV for instance? it doesn't seem like something people which are only investing in these altcoins for their pump and dumps do.

It sure might not mean much if people don't use it, but hey. If they put up signs about them accepting BTC and other crypto, it's still publicity I guess. Not as good as we're hoping but it's something.

yeah but it can also be damaging as most of these altcoins don't even have a user friendly secure wallet. for example when it comes to bitcoin you can find a wide variety of wallets from hardware wallets (which average Joes don't even use, they are mostly for those with larger amounts and mostly traders) to paper wallets, SPV wallets,... that the newbies can use. but what are you going to use for the altcoins?
their full node? that's not going to happen for a newbie.
a web wallet? it is not safe at all. we have already had so many cases of stolen coins because people are using MEW for instance.
an SPV desktop wallet? majority of them don't even have that!

[budarkcyber]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

Nice info, I hope this will be an example for other companies or store to accept cryptocurrency and this may be good news for future cryptocurrency

[seramania]

wow this is good news for big electronic products like samsung receive cryptocurrency, this bsia used for samsung lovers to shop and use crypto easily so i think this can be used as the best moment.

[Ghost251]

Awesome!!! This is Grate News, Samsung Is Big Company This News Give Big Help for Cryptocurrency World!

[BitcoinHodler]

Awesome!!! This is Grate News, Samsung Is Big Company This News Give Big Help for Cryptocurrency World!

the company (Samsung) is not accepting cryptocurrncy payments. it is the third party stores that are accepting bitcoin, etc as payment. it is like saying Samsung is now accepting Euro as payment because a shop in a European country has opened!

not to mention Baltic states population is too small (6 million according to google) it is not going to change anything at all.

[sukoyomi]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

good news, means especially in your country bitcoin development can be accepted from all circles of your country. but I am quite sad, because in my country bitcoin can not be used for shopping.

[Daniwahyu007]

i think wow this is good news of course..in canada also kfc payment already accept payment through bitcoin

[paul00]

I hope this will also be available in our country I'm planning to buy one if the new latest model will release. Hope other mobile phone will offer this also accepting crypto at its current value.

[Riiichard]

yes

[nickwen]

This made me feel very surprised. There is a lot of news at the beginning of the year talking about SAMSUNG wanting to use cryptocurrency as a form of payment. I thought it was just rumors and not the exact news. But today I thought I was wrong.

[mk4]

this is meaningless unless there is a demand for it and only if people actually use it! for instance we need some stats from these stores to see whether people even used any of these cryptocurrencies to buy stuff from them or not.

for example did anyone at all went to these stores and paid 1400 XRP to buy a flat screen TV for instance? it doesn't seem like something people which are only investing in these altcoins for their pump and dumps do.

It sure might not mean much if people don't use it, but hey. If they put up signs about them accepting BTC and other crypto, it's still publicity I guess. Not as good as we're hoping but it's something.

yeah but it can also be damaging as most of these altcoins don't even have a user friendly secure wallet. for example when it comes to bitcoin you can find a wide variety of wallets from hardware wallets (which average Joes don't even use, they are mostly for those with larger amounts and mostly traders) to paper wallets, SPV wallets,... that the newbies can use. but what are you going to use for the altcoins?
their full node? that's not going to happen for a newbie.
a web wallet? it is not safe at all. we have already had so many cases of stolen coins because people are using MEW for instance.
an SPV desktop wallet? majority of them don't even have that!

Definitely! That's what kinda baffled me too. I only expected BTC and probably BCH(depending what Samsung's opinion on the hard fork is). But NEM? ETH? STEEM? They aren't even made to be a currency; also taking into consideration that like you said, they don't even have mobile wallets. Looks like the person in charge doesn't know much and just simply accepted some other cryptos that he/she/they're invested in.

[leostrong.mo]

BTC is legal in Korea, so many of Samsung's physical stores will continue to accept cryptocurrency payments! Star is also preparing to allow online stores to support cryptocurrency settlements in the short term.
This will promote the development of cryptocurrency, which is a very good news for the market!

[retampan]

Damn, it was fast to accept cryptocurrencies nowadays as there are not so many peoples around the world know about bitcoin. But, it's already a good news.

[jademacoy]

Wow this is so cool to know that bitcoin has gone so good now and being recognized even the most great companies out there like this one. Seems like these companies are interested to get involve in bitcoin system and i think in just my own humble opinion these smart phones are aiming to be the digital wallet hardware provider which will attract more crypto users to buy their brands.

[Ruffian1314]

This is a great news to cryptocurrency world because Samsung is a big worldwide known company and its reputation is really good so maybe it will have a big impact to bitcoin price. I hope that all big companies would consider accepting crypto coins too.

[1993jochico]

Wow this new's is so nice, its a big step for the crypto world it can affect the market price and circulation for its good. If thing's like this will continue it can be the best year for crypto world next year I hope it will not collapse again before the big holidays.

[xanaxxx]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

that's a really amazing news. We need this cryptocurrencies adoption in terms of payments, I'm happy to hear baltic countries are also interested in crypto and hope that the level of transactions will be good

[mk4]

BTC is legal in Korea, so many of Samsung's physical stores will continue to accept cryptocurrency payments! Star is also preparing to allow online stores to support cryptocurrency settlements in the short term.
This will promote the development of cryptocurrency, which is a very good news for the market!

Bitcoin being legal in Korea doesn't automatically mean every store is going to accept it.

[onealfa]

Thats bullshit of course. Im from Baltics, I can assure You, no one accepts BTC here. Never believe "news" about bitcoin, that are released by enthusiasts themselves.

What is a true BULLSHIT is what you just posted here, mr. dohh.
...no one accepts BTC here ...

I live in Vilnius here last 30 years, and I can confirm that everyone who declares accepting cryptos - are actually doing this.
 Just STOP this lie, dude

[niteroy]

Samsung Baltic Stores Start Accepting Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem. https://news.bitcoin.com/samsung-stores-in-the-baltic-states-now-accept-cryptocurrencies/

News like this are those that keep the hopes alive that there is hope and a future for the cryptocurrency in our financial and economical zones in the world. What is also a positive is that samsung is a company that is known and respected worldwide which keans that their decisions do carry weight not just in their industry but also to the whole of the corporations that are looking into investing and moving forward with the cryptocurrencies.

This is indeed a positive fact with respect to the cryptocurrencies that Samsung has taken this step by starting to take as payment cryptocurrencies and use them. Samsung is an innovative and technological company and if it starts using cryptocurrency, then it means that they evaluated all the risks associated with them and concluded that the prospects are much higher than the risks, otherwise they would not use cryptocurrency. I am sure that after that other large companies will also begin to integrate cryptocurrency into their services.

[kissme09]

This is a new piece of information, and it is an excellent piece of information, as a large tech company like Samsung that accepts cryptocurrency will have a significant impact on the crypto market. Many will learn about it through Samsung new form of payment.

[onealfa]

Awesome!!! This is Grate News, Samsung Is Big Company This News Give Big Help for Cryptocurrency World!

the company (Samsung) is not accepting cryptocurrncy payments. it is the third party stores that are accepting bitcoin, etc as payment. it is like saying Samsung is now accepting Euro as payment because a shop in a European country has opened!

not to mention Baltic states population is too small (6 million according to google) it is not going to change anything at all.

I just can not understand WHY someone with such an ambitious nickname ( BitcoinHodler) is spreading this FUD here.
These in fact are SAMSUNG stores, NOT the "third party resellers".

And the impact is NOT from how many they will sell ( in USD/EUR terms) , BUT THE EFFECT OF VISIBILITY, and the contribution to confidence in cryptos in general.
But you are probably to short time in cryptos to understand this  ( in-spite of fancy NICK)

[Fredomago]

BTC is legal in Korea, so many of Samsung's physical stores will continue to accept cryptocurrency payments! Star is also preparing to allow online stores to support cryptocurrency settlements in the short term.
This will promote the development of cryptocurrency, which is a very good news for the market!

Bitcoin being legal in Korea doesn't automatically mean every store is going to accept it.

Simply as that, but maybe more will accept it and adopt the system, Samsung is a well known company so if they started accepting this new payment currency then the advantage will favored them, after that new businesses will cater and also accept the chain, for future reference if this will be successful
in Korea the next thing that will happen that other countries will also join the run and make this innovations to be more globally positive effect will be felt by the holders and investors.

[miniyou]

Samsung is a very well brand if Samsung started to accept cryptocurrency as a payment then definitely its a good news for crypto world recently BMW announce they are accepting payment as a bitcoin if these kind of branded companies accept cryptocurrency payment then peoples will be more  interested in cryptocurrency also this action is helpful for worlds economical and financial condition.

[dohh]

Thats bullshit of course. Im from Baltics, I can assure You, no one accepts BTC here. Never believe "news" about bitcoin, that are released by enthusiasts themselves.

What is a true BULLSHIT is what you just posted here, mr. dohh.
...no one accepts BTC here ...

I live in Vilnius here last 30 years, and I can confirm that everyone who declares accepting cryptos - are actually doing this.
 Just STOP this lie, dude

Nothing extraordinary, considering You are from Vilnius. Worms live there:

You either didnt understand me or trying to tell a lie yourself. By "no one" I meant companies. Speculant private persons accept BTC just as well as anywhere else.
If You are telling, that You can go to Samsung store in Vilnius and pay with BTC, You are just another lunatic. But thats precisely what topic said, You can do.

[onealfa]

Nothing extraordinary, considering You are from Vilnius. Worms live there:

You either didnt understand me or trying to tell a lie yourself. By "no one" I meant companies. Speculant private persons accept BTC just as well as anywhere else.
If You are telling, that You can go to Samsung store in Vilnius and pay with BTC, You are just another lunatic. But thats precisely what topic said, You can do.

As I  have some plans on upgrading my S7 Egde to S9+, once I'm ready, I will make some pictures of the whole purchasing process there, the copy of receipt, and the purchased smartphone itself, and provide all here to those who think it is not possible.

[jessbaker27]

Good to see a tech giant adopting bitcoin. This will surely encourage other big companies to do the same.Global Bitcoin adoption is fast approaching.

[elenora]

Samsung Stores To Accept Cryptocurrencies In The Baltic States

There was an announcement on Friday that the Samsung stores in the Baltic states will accept seven different types
of cryptos for the transaction.

The customers who are shopping from the Samsung stores in Tallinn, Riga, Vilnius, and Kaunas will be able to pay in the
digital currencies which includes: Bitcoin (BTC), dash (DASH), NEM (XEM), steem (STEEM),
ripple (XRP), litecoin (LTC), and ethereum (ETH).

Estonia, Latvia, and Lithuania which are also known as the Baltic States are classified as high-income economies and thus they have
broader acceptance towards the digital currency. Cryptocurrencies, for this reason, have been extremely popular in these states.

To continue reading -- https://cointopper.com/news/samsung-stores-to-accept-cryptocurrencies-in-the-baltic-states

[princebridge7]

whoa is very good and I like that.
I hope that I will raise the price of Bitcoin again.

because now Bitcoin has decreased in price to $ 5,800