Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem and Steem will be the cryptocurrencies that 4 of the official stores of Samsung of the Baltic will accept as a form of payment for the purchase of their products.
The inhabitants of Tallinn, Riga, Vilnius and Kaunas will soon be able to buy Samsung phones, televisions, tablets and practically any technological device with cryptocurrencies, through the CopPay platform, a BitPay merchant, also studying the possibilities of extending it to their stores online.
CopPay is currently working with “about 50 different merchants”, in addition to including other cryptocurrencies with Bitcoin Cash in their services.
Like BitPay, they have the option to instantly convert it to fiat or keep it in cryptocurrencies. The CopPay representative says:
“Our system works in 2 modes: Crypto mode and exchange mode, in Crypto mode, the merchant chooses to keep the cryptocurrency.” “Our platform is completely free for any type of business, big or small, we only charge 1% when we exchange fiduciary money, since we have to cover the costs for the exchange as well.”
CopPay is headquartered in Lithuania, with much of its focus currently in the Baltic area of Lithuania, Estonia and Latvia.
“We are focusing on the EU, but since we are located in the Baltic and we have most of our contacts here, it was a logical starting point,” he says.
A number of large companies have and continue to accept Bitcoin in their online stores, such as Microsoft, Steam, Dell and many others. Some abandoned it, but few went beyond bitcoin. Samsung’s online stores that accept the crypts mentioned above would be the first. However, it remains to be seen if they will in fact do so.
The difficult thing is not to learn, the difficult thing is to know how to teach.
Editor and coordinator of the free book “La era de las BLOCK punto COM”
CEO of bitcoiner.today