Samsung Pay Now Supports Swipe's Cryptocurrency Visa Cards
Cryptocurrency Visa card platform Swipe announced a partnership with Samsung Pay on May 1.
The integration allows Samsung Pay users to make payments from their Swipe Visa card balances using Samsung Pay-enabled devices.
The firm claims to have become the first digital wallet platform to provide multi-national support for both Google Pay and Samsung Pay.
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.
Swipe COO John Khenneth, told Cointelegraph that the firm’s relationship with Samsung was formed through mutual issuing bank Contis Financial.
“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,” he said.
Khenneth stated that 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” through the partnership.
COVID-19 highlights needs for contactless payment solutions
Khenneth reports noting a “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,” Khenneth added.
Swipe CEO Joselito Lizarondo said, “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.”
Looking forward, Khenneth stated that Swipe is “currently working to go live in Southeast Asia/Asia Pacific region by the end of the year,” adding that the platform recently received approval in the U.S.
Cointelegraph reached out to Samsung and had not received confirmation of their affiliation with Stripe as of press time. This article will be updated accordingly.