The leading IT giant Samsung has announced that digital currency payments will be accepted. The development was made possible via teaming up with CopPay platform. Firstly, users that will use and benefit these services will be from 3 Baltic states. The announcement was made by the Lithuanian-based company on July 20. The stores that will accept cryptocurrencies are those located in Tallinn (Estonia), Riga (Latvia), Vilnius (Lithuania), and Kaunas (Lithuania). The expected results have not yet been released, but it is clear that with a broader range of possibilities, sales will increase. One of the coins that is going to be accepted is XRP token from Ripple. XRP Receiving Attacks CEO of Elpis Investments – Anatoly Castella for Express.co.uk has warned investors to miss out on XRP as it is not a digital currency and should not be labelled as a real crypto – according to the CEO. Autonomous Partners – a hedge fund that is purchasing cryptos and equity in firms that are blockchain-connected. But, XRP is one that AP is deviating from. Which is why many believe that the token will be taken care of differently when regulations come.
“If the SEC categories ripple as a security, we will experience in the short term a big dip in its market value. In the long term it will simply become a digital asset owned by institutional investors.”– Anatoly Castella.
But, Samsung opening to accept cryptocurrency payments could drastically invalidate the Fear-Uncertainty&Doubt on XRP. If the token really requires different regulation approach and turns out as a security, Samsung would step aside. This is a world leading company that has some of the best minds in tech working for it. They most likely included it because it meets the true definition of a cryptocurrency, mainly the fact that it is decentralized, is practical as a currency, and has wide acceptance.