Swipe, a cryptocurrency Visa card platform, announced a partnership with Samsung Pay 1st of May.
The integration enables Samsung Pay users to make payments with the balance of their Swipe Visa card Use Samsung Pay enabled devices.
The company claims to be the first digital wallet platform to offer multinational support for Google Pay and Samsung Pay.
The integration enables Swipe cardholders in the UK and the European Union make payments from their cryptocurrency balances at more than 50 million locations from around the world.
John Khenneth, COO of Swipe, told Cointelegraph that the company has a relationship with Samsung It was founded by the mutual-issuing bank Contis Financial.
“A few months ago, Visa approved us for a digital card program in addition to our physical card program, and we’ve been integrated into the bank and Samsung Pay since then.”he said.
Khenneth said that Swipe “hopes to take advantage of Samsung lovers who have made the association’s Crypto Space aware of its audience through Samsung’s blockchain initiatives.”
COVID-19 underlines the need for contactless payment solutions
Khenneth reports an “enormous increase in [el] Number of digital payments in Google Pay “since the corona virus pandemic broke out”.
“When people get away from cash and physical cards, Google Pay and now Samsung Pay can really help and create new channels UX with no problems, “added Khenneth.
Joselito Lizarondo, CEO of Swipe, said: “Given all of the problems with COVID-19 and the move away from physical products such as cash and in some cases cards, a digital solution helps to put our customers’ needs first.. “
Looking to the future, Khenneth said that Swipe “is currently working to become operational in the Southeast Asia and Pacific region by the end of the year.”The platform was recently approved in the United States.
Cointelegraph contacted Samsung and had not received confirmation of its affiliation with Swipe at the time of publication. This article will be updated accordingly.