Cryptocurrency Visa card platform Swipe has announced a partnership with Samsung. The companies are joining hands to allow Samsung Pay users to make mobile payments from their cryptocurrency debit card balance via compatible smartphones and wearables. This partnership was seemingly made possible through mutual issuing bank Contis Financial.
Once Samsung Pay's integration with Swipe goes live, users with compatible Galaxy smartphone and smartwatch users would be able to link their Swipe card account with their Samsung Pay account. The new integration will be available to users across Europe and the UK. They would be able to make payments at over 50 million locations in the region.
Swipe is planning to expand its partnership with Samsung to the Asia Pacific and Southeast Asian regions by the end of this year. The cryptocurrency platform recently received approval in the US via Visa's TPA program. Swipe's cryptocurrency debit cards are also compatible with Apple Pay and Google Pay. The crypto payments platform supports over 30 currencies, including cryptocurrencies, fiat, and stablecoins.
There has been a massive uptick in digital and mobile payments since the COVID-19 situation crept up. People have reportedly started moving away from cash as well as physical cards to maintain social distancing. The companies hope that Swipe's integration with Samsung Pay would make users' lives even easier amid this pandemic and going forward.
John Khenneth, COO of Swipe, said, “We were approved by Visa for a digital card program, in addition to our physical card program, a few months ago and had been integrating with the bank and Samsung Pay since. We are hoping to tap into those Samsung lovers who, with the help of Samsung Blockchain initiatives, have made crypto more aware to their audience.”
