Bitcoin-friendly electronics giant Samsung is teaming up with digital currency payment platform Swipe to add a cryptocurrency payment feature to its Samsung Pay wallet.
Users of the Samsung payment app can now settle their transactions using cryptocurrencies by adding the Swipe Visa debit card into their Samsung Pay wallet. The collaboration allows cardholders to fund their Swipe card with crypto and use it for payments anywhere Visa is accepted. Users can pay through their smartphones, smartwatches, or any other device that runs Samsung Pay at over 50 million locations across the globe.
Swipe chief executive Joselito Lizarondo says that the partnership helps prioritize the needs of their customers in a time of a global pandemic.
“This integration and relationship with Samsung will open cryptocurrency adoption and make transactions with our Visa card in Euros converted by crypto seamless. Given the current COVID-19 situation, and people steering away from physical products like cash and in some instances cards, a digital solution really helps put our client’s needs first.”
The move highlights Samsung’s continued effort to integrate cryptocurrencies into its ecosystem. Recently, the electronics giant added Tron in the Samsung Galaxy Store allowing users in the US and UK to download decentralized applications on their phones.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/H_Ko
