Official reports confirm that Swipe Visa holders can now make various payments using their cryptocurrency using Samsung Pay on their smartwatch or smartphone. Crypto Visa card platform Swipe unveiled its partnership with Samsung Pay on May 1.
The new integration enables Samsung Pay users to make various payments from Swipe Visa card balances using their Samsung Pay-enabled devices. This firm alleges to be the first digital wallet platform to offer multi-national support for Samsung Pay and Google Pay.
The new partnership will allow the Swipe cardholders in the U.K. and European Union to make payments from their virtual currency balances at more than 50 million outlets worldwide. John Khenneth, Swipe COO, told reporters that the firm’s partnership with Samsung was set up via mutual issuing bank Contis Financial. He commented:
“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 said that Swipe is using this partnership:
“hoping to tap into those Samsung lovers who, with the help of Samsung Blockchain initiatives; have made crypto more aware to their audience.”
Coronavirus Raised Need For Contactless Payments
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 help and create new channels of seamless UX.”
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 helps put our client’s needs first.”
Looking into the future, Khenneth said that Swipe is at the moment working to go live within the Southeast Asia/Asia Pacific region by the end of 2020. The company reported that the platform recently got approval in the United States.
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