Samsung Pay Adds Swipe’s Crypto Debit Card Support

Friday, 01/05/2020 | 12:28 GMT by Arnab Shome
  • The service will be available across Europe.
Samsung Pay Adds Swipe’s Crypto Debit Card Support
Reuters

Crypto Payments platform Swipe has partnered with Samsung to add its digital currency Visa debit card on Samsung Pay.

Announced on Friday, this will allow Swipe Android users to directly add their Swipe debit cards to Samsung's mobile payment platform for making day-to-day transactions.

This came after Swipe's similar partnership with Google Pay, the mobile phone-based payments platform of the search engine giant.

Swipe and Samsung partnership were formed with the involvement of mutual issuing bank Contis Financial.

Swipe supports over 30 currencies, which include Cryptocurrencies , stablecoins, and fiat as well.

The services will be available in the United Kingdom, along with other European Union member countries.

With this integration, Swipe debit users can directly convert their cryptocurrencies into euros while making transactions with Samsung Pay.

"We are excited to bring Samsung Pay for our cardholders," Joselito Lizarondo, Swipe CEO, said. "This integration and relationship with Samsung will open cryptocurrency adoption and make transacting with our Visa card in Euros converted by crypto seamless."

Headquartered in the Philippines, the company has operations in the United Kingdom and Estonia.

Swipe also received approval for operations in the United States under Visa's TPA program and also has plans to offer services in the South Asia and Asia-Pacific region by the end of this year.

Finding opportunities in a crisis

The company is also optimistic about the surge in digital transactions globally amid the ongoing Coronavirus pandemic.

"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," Lizarondo added.

Meanwhile, other major players, including Binance and BTSE, are also issuing crypto debit cards as demand for such products is soaring across countries.

Crypto Payments platform Swipe has partnered with Samsung to add its digital currency Visa debit card on Samsung Pay.

Announced on Friday, this will allow Swipe Android users to directly add their Swipe debit cards to Samsung's mobile payment platform for making day-to-day transactions.

This came after Swipe's similar partnership with Google Pay, the mobile phone-based payments platform of the search engine giant.

Swipe and Samsung partnership were formed with the involvement of mutual issuing bank Contis Financial.

Swipe supports over 30 currencies, which include Cryptocurrencies , stablecoins, and fiat as well.

The services will be available in the United Kingdom, along with other European Union member countries.

With this integration, Swipe debit users can directly convert their cryptocurrencies into euros while making transactions with Samsung Pay.

"We are excited to bring Samsung Pay for our cardholders," Joselito Lizarondo, Swipe CEO, said. "This integration and relationship with Samsung will open cryptocurrency adoption and make transacting with our Visa card in Euros converted by crypto seamless."

Headquartered in the Philippines, the company has operations in the United Kingdom and Estonia.

Swipe also received approval for operations in the United States under Visa's TPA program and also has plans to offer services in the South Asia and Asia-Pacific region by the end of this year.

Finding opportunities in a crisis

The company is also optimistic about the surge in digital transactions globally amid the ongoing Coronavirus pandemic.

"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," Lizarondo added.

Meanwhile, other major players, including Binance and BTSE, are also issuing crypto debit cards as demand for such products is soaring across countries.

About the Author: Arnab Shome
Arnab Shome
  • 6429 Articles
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6429 Articles
  • 85 Followers

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