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