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The leading IT giant Samsung has announced that payments in digital currency will be accepted. Development was made possible by collaborating with the CopPay platform.
Firstly, the users who will use and benefit from these services will be 3 Baltic States. The announcement was made by the company based in Lithuania on 20 July.
The shops that will accept cryptocurrencies are those located in Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania) and Kaunas (Lithuania). The expected results have not yet been published, but it is clear that with a wider range of possibilities, sales will increase. One of the coins that will be accepted is the Ripple XRP token.
XRP receiving attacks
CEO of Elpis Investments – Anatoly Castella for Express.co.uk warned investors to lose XRP as it is not a digital currency and should not be labeled as true crypt – according to the CEO.
Autonomous partners – a hedge fund that is buying criptoval and equity in companies linked to blockchain. But XRP is one that deviates from AP. This is why many believe that the token will be curate otherwise when regulations arrive.
"If the SEC categorizes the ripple as security, we will experience a great decline in its market value in the short term, and in the long term it will simply become a digital asset owned by institutional investors." – Anatoly Castella.
But, Samsung opened to accept cryptocurrency the payments could drastically invalidate the Fear-uncertainty and doubt on XRP.
If the token really requires a different approach to regulation and turns out to be a security, Samsung would step aside. This is a leading global company that has some of the best technology minds working for this.
Most likely they included it because it meets the true definition of cryptocurrency, mainly the fact that it is decentralized, practical as a currency, and has wide acceptance.
