The leading cryptocurrency banking app, Swipe Wallet has announced a partnership with Samsung Pay. The announcement was made on May 1, 2020 stating that the new integration will allow Samsung Pay wallet users to make payments from their Swipe Visa card balances using Samsung Pay-enabled devices.
The Swipe Card is a Visa debit card funded by cryptocurrencies such as Bitcoin for Euros to be spent anywhere Visa is accepted. Swipe wallet has Swipe Token (SXP) is a utility based cryptocurrency designed to be the gas and fuel of the Swipe Network.
Swipe COO, John Khenneth, stated:
“We were approved by Visa for a digital card program, in addition to our physical card program, a few months ago and have been integrating with the bank and Samsung Pay since.”
Khenneth stated that through this partnership, Swipe is hoping to tap into those Samsung lovers whom, with the help of Samsung Blockchain initiatives, have made crypto more aware to their audience. The ongoing COVID-19 pandemic highlights the need of contactless payment solution being used extensively. With this integration and relationship with Samsung, the cardholders can now enjoy these benefits instantly and use their cryptocurrencies at over 50 million locations worldwide.
Khenneth continued:
“Large uptick in [the] number of digital payments on Google Pay,” since the outbreak of the coronavirus pandemic. 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.”
He also informed that Swipe is “currently working to go live in Southeast Asia & and will go live in Asia Pacific region by the end of the year,” adding that the platform recently received approval in the U.S.
Chief Executive Officer of Swipe, Joselito Lizarondo said:
“We are excited to bring Samsung Pay to our cardholders. This integration and relationship with Samsung will open cryptocurrency adoption and make transactions 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.”
The firm claims to have become the first digital wallet platform to provide multi-national support for both Google Pay and Samsung Pay on a wide number of cryptocurrencies. The integration allows Swipe cardholders in the United Kingdom and European Union to make payments from their crypto balances at over 50 million locations globally.
About Swipe
Swipe is a multi-asset digital wallet and Visa debit card platform designed to let users buy, sell, and spend their cryptocurrencies. Swipe is headquartered in the Philippines with operations in the United Kingdom and Estonia that service European users. The Swipe platform enables users to spend cryptocurrencies in real-time without having to manually convert the transactions prior. Users can also buy/sell cryptocurrencies with their linked bank accounts globally. Follow Swipe on Twitter, Facebook, Instagram, and Medium blog to get the latest news and updates.
“Your Swipe Visa Card and Account will be issued by Contis Financial Services Ltd who is authorized by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900025) and is a member of Visa.“
Source: Swipe | Cointelegraph | Image: Pexels
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