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Author Topic: Samsung announce to accept crypto and blockchain payment  (Read 408 times)
Abolaji11
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July 24, 2018, 05:24:49 AM
 #1

There is good news to customers in the Baltic nations of #Latvia, #Estonia and #Lithuania,as #Samsung (one of the largest technology company in the world) has annouced to accept crypto and blockchain payments in the region using the Lithuanian-based payment platform, CopPay
I hope more major platform continue to accept digital currency payment.
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July 24, 2018, 06:07:47 AM
 #2

This is indeed another good news for the crypto world. accepting cryptocurrency and blockchain technology bye a giant like Samsung in the world business truly makes a great impact on others too. By the way can you please submit the source link here so that we can read it ?

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July 24, 2018, 06:11:12 AM
 #3

It woulb be good news,if Samsung accepts crypto payments worldwide,not just in the Baltic countries.
Perhaps they will just test how the system will work in a small region and ,based on the results,they will further implement crypto payments across the EU and globally.
OP,there`s no such term as "blockchain payment". Grin

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July 24, 2018, 06:44:12 AM
 #4

For better understanding regarding OP's topic you can try to check this link.
https://stocksgazette.com/2018/07/22/samsung-stores-in-baltic-region-now-accepting-crypto-payment/
https://usethebitcoin.com/samsung-said-it-will-start-accepting-cryptocurrency-payments/
It woulb be good news,if Samsung accepts crypto payments worldwide,not just in the Baltic countries.
I concur with you on this since Samsung products are available worldwide and it would be convenient to crypto users to try purchase Samsung products using crypto. Hope that they will implement such payment method worldwide in the near future.


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July 24, 2018, 06:49:07 AM
 #5

I was a bit skeptical of this announcement but Yes, its true >
https://coinjournal.net/samsung-accepts-crypto-payments-in-three-baltic-states/

"... will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency."

"... accepting crypto payments in Bitcoin, Ethereum, XRP, Litecoin, Dash, NEM, and Steem."

This is great news indeed, it can only be positive for crypto and
may help to enfirce the fact that some crypto was designed as
a currency. Personally I would use this service by CopPay and
Samsung if it was available to me.

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July 24, 2018, 07:06:18 AM
 #6

For better understanding regarding OP's topic you can try to check this link.
https://stocksgazette.com/2018/07/22/samsung-stores-in-baltic-region-now-accepting-crypto-payment/
https://usethebitcoin.com/samsung-said-it-will-start-accepting-cryptocurrency-payments/
It woulb be good news,if Samsung accepts crypto payments worldwide,not just in the Baltic countries.
I concur with you on this since Samsung products are available worldwide and it would be convenient to crypto users to try purchase Samsung products using crypto. Hope that they will implement such payment method worldwide in the near future.


Thanks for the links.. It really escape my mind to include the link of the source when writing my post
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July 25, 2018, 03:12:58 AM
 #7

I truly applaud the big companies who are daring enough to shake the status quo and accept bitcoin as payments. This can help pave the way for the general public to start trusting in cryptocurrency and accepting it as new form of currency.
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July 25, 2018, 04:44:14 AM
 #8

this was fake news, Samsung denied any kind of partnership with this shady payment processor called CopPay yesterday. you can read about it here:
https://www.newsbtc.com/2018/07/24/another-fake-partnership-as-samsung-denies-coppay-crypto-payments-deal/

and the funny part is the stores in Baltic state do NOT accept bitcoin or any other cryptocurrency payments at all. i don't know where this news even came from. was it the shady service called CopPay trying to scam or gain fake popularity?

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July 25, 2018, 05:01:59 AM
 #9

this was fake news, Samsung denied any kind of partnership with this shady payment processor called CopPay yesterday. you can read about it here:
https://www.newsbtc.com/2018/07/24/another-fake-partnership-as-samsung-denies-coppay-crypto-payments-deal/

and the funny part is the stores in Baltic state do NOT accept bitcoin or any other cryptocurrency payments at all. i don't know where this news even came from. was it the shady service called CopPay trying to scam or gain fake popularity?
Someone just made such post in few days ago based on that same fake news. This is part of the scheme for the cryptoc community to make bitcoins look like future currency which is receiving endorsement from big companies.
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July 25, 2018, 05:15:43 AM
 #10

this was fake news, Samsung denied any kind of partnership with this shady payment processor called CopPay yesterday. you can read about it here:
https://www.newsbtc.com/2018/07/24/another-fake-partnership-as-samsung-denies-coppay-crypto-payments-deal/

and the funny part is the stores in Baltic state do NOT accept bitcoin or any other cryptocurrency payments at all. i don't know where this news even came from. was it the shady service called CopPay trying to scam or gain fake popularity?
Someone just made such post in few days ago based on that same fake news. This is part of the scheme for the cryptoc community to make bitcoins look like future currency which is receiving endorsement from big companies.

bitcoin doesn't need such shenanigans but altcoins do.
not to mention that bitcoin is already being accepted as payment directly by some big names such as Microsoft, Dell,... and there are millions of small merchants all around the world that are accepting bitcoin as payment.

this was either an advertisement for altcoins or an advertisement for that particular service which to be honest seems mostly shady.

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July 25, 2018, 05:24:15 AM
 #11

Samsung's greatness and progress are undoubted, if they join the blockchain technology, it will increase the crypto market in the eyes of the world.
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July 25, 2018, 05:31:04 AM
 #12

Please stop posting about this, it is already confirmed that this is fake news. In any way, why should we be happy if a big company like SamSung starts to accept Bitcoin as a payment option, via a third party payment processor? The whole idea is to stay anonymous and all these third party payment processors, destroy your pseudo anonymity.

Anyone posting "congratulation" type posts after this, should be reported to the mods, because they did not care to read the posts up to this post.  Angry

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July 25, 2018, 05:37:13 AM
 #13

The whole idea is to stay anonymous and all these third party payment processors, destroy your pseudo anonymity.

not at all. the idea of bitcoin is a lot of things, being anonymous is not one of them.

not to mention that using a payment processor is not changing anything about how anonymous you are. (assuming Samsung accepts bitcoin payments) you would still be going on the same site or same physical shop and make the payment and whether bitcoin directly or through a payment processor you are still providing the same amount of information to that shop. the difference is that using a payment processor (a legit one like BitPay not this crappy one in this fake news) makes it easy for the shops to set it up and also makes it possible for them to receive fiat while accepting bitcoin so they are not affected by the volatility.

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July 25, 2018, 05:55:26 AM
 #14

Wasn't the same old news posted here some days ago? Anyways these crypto news sites need to stop churning out articles about the first rumour they have heard of and start double checking their facts and sources. I think this CopPay company wanted to get free publicity by announcing a bogus partnership with Samsung and now when the jig is up they said there had been no such deal haha. What a stupid marketing stunt that was.

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July 25, 2018, 06:07:31 AM
 #15

Yes, I recognize that this is true news. I have seen this information on a television channel. The fact is Samsung has adopted Bitcoin and crypto. I just hope that Apple will also accept Bitcoin and crypto like Samsung

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July 25, 2018, 06:10:30 AM
 #16

Thank you for sharing this great news with those who love and trust Bitcoin. Continued is the good news coming to the crypto market. And today, the price of the market has increased a lot. I think this is a sign that the market is gradually recovering

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July 25, 2018, 06:10:58 AM
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Where is the source of this news?  And if this actually true  Its a great news we all have been waiting for and Samsung should not accept it only on a country it should be accepted world wide.
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July 25, 2018, 06:11:31 AM
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This is a smart move by Samsung crypto currencies are  here to stay the faster companies accept them as a way of payment the better.
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July 25, 2018, 06:15:27 AM
 #19

There is good news to customers in the Baltic nations of #Latvia, #Estonia and #Lithuania,as #Samsung (one of the largest technology company in the world) has annouced to accept crypto and blockchain payments in the region using the Lithuanian-based payment platform, CopPay
I hope more major platform continue to accept digital currency payment.
Good news, Samsung is a really big company. I hope more and more companies start to accept crypto and blockchain-based payments.
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July 25, 2018, 06:18:41 AM
 #20

There is good news to customers in the Baltic nations of #Latvia, #Estonia and #Lithuania,as #Samsung (one of the largest technology company in the world) has annouced to accept crypto and blockchain payments in the region using the Lithuanian-based payment platform, CopPay
I hope more major platform continue to accept digital currency payment.

When I hear the phrase "Samsung has blah blah blah.." My mind immidiately thinks that most people will not care. But once Apple makes a similar announcement, people gets crazy about it. Ahahaha! So Technology-based companies finally starts  to adapt the crypto-world which means there will be more altcoins, BTC price will rise even further, more people will end up crying for stolen digital funds, more scammers. *Sigh* But overall it's good for us early adapters.

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