The online crypto bank Swipe joins hands with the Samsung Electronics’ payment provider Samsung Pay to expand the crypto services. The users of Swipe’s Visa crypto card can spend their crypto by devices that are compatible with the Samsung Pay.
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The Swipe card is basically a crypto Visa debit card, and its approval from Visa means that it can be accessed in locations where Visa is accepted. Before this strategic partnership between Swipe and Samsun Pay, Swipe has also partnered with Google Pay. With the addition of two payment options- Google Pay and Samsung Pay- Swipe card’s accessibility has increased more than ever.
Customers can Use Crypto over 50 Million Locations
With Samsung Pay’s partnership, holders of Swipe’s crypto debit card are able to spend their crypto at more than “50 million locations worldwide”. However, cardholders from some particular countries of the EU and UK will be able to utilize the card services. These countries include “Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Slovakia, Spain, and Sweden.”
Joselito Lizarondo, the CEO of Swipe, said:
“We are excited to bring Samsung Pay for our cardholders. This integration and relationship with Samsung will open cryptocurrency adoption and make transacting with our Visa card in Euros converted by crypto seamless. Given all of the COVID-19 issues 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.”
With the onset of COVID-19, the financial institutions and even the World Health Organization (WHO) ask people to go for contactless payment ways. This trend, in turn, influenced cryptocurrency to be used as a payment mean. “As people move away from cash and physical cards, Google Pay and now Samsung Pay can really help and create new channels of seamless UX,” John Khenneth, the COO at Swipe, said while talking to a crypto media outlet.