LIVE
Strategy Sells 1,690 Bitcoin to Buy Back STRC SharesWhite House Advisor Says Administration Is Committed to Passing Clarity Act in SeptemberSEC Eyes Tailored Crypto Offering Rules as CLARITY Act StallsHackers Drain $8 Million From Coinsbuy Across Two BlockchainsFireplace Shuts Down: Withdraw Funds and Migrate by September 30Strategy CEO Phong Le Says Selling Thousands of Bitcoin Would Not Move Market PriceBitcoin ATMs Pulled in Australia as Regulators Signal Wider CrackdownSpark Protocol Rate Limits Blunted Impact of $294M KelpDAO ExploitSEC charges Adit Ventures Management and CEO Eric Munson for fraudUS Judge Dismisses Criminal Case Against Gautam AdaniStrategy Sells 1,690 Bitcoin to Buy Back STRC SharesWhite House Advisor Says Administration Is Committed to Passing Clarity Act in SeptemberSEC Eyes Tailored Crypto Offering Rules as CLARITY Act StallsHackers Drain $8 Million From Coinsbuy Across Two BlockchainsFireplace Shuts Down: Withdraw Funds and Migrate by September 30Strategy CEO Phong Le Says Selling Thousands of Bitcoin Would Not Move Market PriceBitcoin ATMs Pulled in Australia as Regulators Signal Wider CrackdownSpark Protocol Rate Limits Blunted Impact of $294M KelpDAO ExploitSEC charges Adit Ventures Management and CEO Eric Munson for fraudUS Judge Dismisses Criminal Case Against Gautam Adani
Homepage/Altcoin News/Samsung Declares It Doesn't Cooperate with Lithuanian Blockchain-Based Platform CopPay
ALTCOIN NEWSBITCOIN NEWS

Samsung Declares It Doesn't Cooperate with Lithuanian Blockchain-Based Platform CopPay

·2 MIN READ·

As reported on 20 July by TheCCpress, “Lithuanian company CopPay announced [today] that citizens based in Tallinn, Riga, Vilnius, and Kaunas will soon be able to acquire Samsung products, including smartphones, tablets, laptops, TVs, and others with crypto assets“. It seems everything was a lie.

KEY FINDINGS - EVIDENCE LEVEL: MULTI-SOURCE
2Key sections mapped in this report
1Internal references connected to related coverage
11External source domains cited in the article
2 minEstimated time to read the full report

Korean giant Samsung denied the collaboration with Lithuanian blockchain-based startup CopPay on accepting cryptocurrency payments.

A report published by thenextweb.com has created a wave of misunderstandings among fans of Samsung products. “The CopPay deal turned out to be fake,” wrote author David Canellis. According to him, the news linking Samsung technology giant to blockchain platform CopPay is false – Samsung confirming it- “our official response is that the rumor is not true”.

CopPay promised support for Bitcoin and six altcoins

Last week it was announced that Samsung will accept the following cryptocurrencies: Bitcoin (BTC),  Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Dash (DASH), NEM (XEM) and Steem (STEEM)

There is a growing trend toward business digitalisation and allowing customers to pay for goods and services in cryptocurrency, whether at global retailers or local restaurants,” CopPay claimed.

According to Medium (archived version of the article), CopPay announced that “Customers in Tallinn, Riga, Vilnius and Kaunas can buy Samsung smartphones, tablets, laptops, TV-sets, and more with digital money”.

The article went on stating that “the crypto-payment feature will be available soon at Samsung’s internet stores”.

The news about the coalition between the two companies was quickly spread by crypto news outlets, including Cointelegraph and Bitcoin News. Hence, the information was found to be fake, remaining a mystery which could have been the reason to make such a statement before the information is clear (even if a possible collaboration was true). Before the article was written on thenextweb.com, the team contacted CopPay to find out more details, but no explanation was received.

We can consider this misunderstanding as a hint given to technological giant Samsung. Even so, the Korean company does not seem to be currently interested in providing support for cryptocurrencies.

SOURCE TRANSPARENCY
  • External Source - Referenced domain: samsung.com
  • External Source - Referenced domain: coppay.io
  • External Source - Referenced domain: thenextweb.com
  • External Source - Referenced domain: bitcoin.com
  • Byline - Reported by Adriana Mavrenko
  • Coverage Desk - Primary editorial category: Altcoin News
Samsung Declares It Doesn't Cooperate with Lithuanian Blockchain-Based Platform CopPay | TheCCPress