Citizens of the Baltic States Can Buy Samsung Items With Cryptocurrencies

in #crypto7 years ago

Cryptocurrencies Hit Another Landmark !


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What is the Baltic States?
The Baltic states, also known as the Baltic countries, Baltic republics, Baltic nations or simply the Baltics. (Estonian, Latvian, Lithuanian), is a geopolitical term used for grouping the three sovereign countries in Northern Europe on the eastern coast of the Baltic Sea.

"Lithuanian branch of Samsung made the statement paving the way for citizens of Vilnius and Kaunas (Lithuania), Riga (Latvia) and Tallinn (Estonia) to shop for any products of the brand without the need to convert their digital currencies. The famous cryptocurrency platform CoPay will facilitate transactions."


At first, the organization said it would acknowledge payments using digital currencies such as Bitcoin (BTC), Dashcoin (DASH), Ethereum (ETH), Litecoin (LTC), NEM (XEM), Swell (XRP) and Steem.

Samsung has additionally said it would begin accepting virtual currencies on its online stores as cryptocurrency is a large part of its business. The electronics corporation discovered in its annual earnings report posted in January that it would start producing crypto mining chips to reinforce its earnings. The company additionally introduced in April that its 58% 12 months-on-year booms in its first-area operating income turned into pushed by the strong demand for crypto mining chips.

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Samsung- the Korean IT giant is now accepting seven cryptocurrencies as the payments under the deliberate partnership with the Copay platform in three Baltic States.

https://coinpedia.org/news/samsung-baltic-region-crypto-payments/