Crypto Adoption Intensifies: Samsung Powers Swipe Visa Integrations For 50 Million Locations
The crypto mainstream adoption has been one of the most 8important goals that the crypto space has set.
Back in 2019, there have been massive moves made by the crypto industry that have been leading it on the right path towards the achievement of this important goal.
Now, despite the global crisis triggered by the coronavirus pandemic, the moves continue in the same direction. Various crypto experts are claiming that such times are the ideal ones for Bitcoin, crypto, and the underlying tech, the blockchain to show their true potential.
Despite the massive fall in Bitcoin’s price from March, the king coin is still seen as a safe haven.
Samsung teams up with Swipe
It’s already a known fact that Samsung is Bitcoin-friendly. Now, the tech giant is teaming up with the crypto payment platform Swipe in order to add a crypto payment feature to the Samsung pay wallet.
Users of the Samsung payment app can now settle their transactions using crypto by adding the Swipe Visa debit card into the Samsung Pay wallet.
The collab allows cardholders to fund their Swipe card with crypto and use it for payments in all locations where Visa is accepted.
Users now have the ability to pay via their smartwatches, smartphones, and any other devices that run Samsung Pay and more than 50 million locations all over the globe.
According to the latest info coming from the Daily Hodl, Swipe chief executive Joselito Lizarondo said that this partnership is supporting clients during the 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,” he said.
He continued and explained that “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.”
You should check out the official announcement on Medium.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.