Samsung Pay Bringing More Competition to Bitcoin by Enabling Online Shopping in 2016

Samsung Pay Bringing More Competition to Bitcoin by Enabling Online Shopping in 2016

Samsung is planning to expand its mobile payment service, Samsung Pay, into the US online shopping market. Additionally, Samsung will allow more smartphones to support the payment wallet, offering it to cheaper Samsung devices “within the next year,” according to Samsung Pay global co-general manager Thomas Ko. Samsung Pay has grown much faster than rival Apple Pay and Android Pay since the service was implemented on payment technology that is already available in most stores. Thus, by expanding into the online market, Samsung will have yet another advantage over these two competitors, as....


Related News

Samsung Pay Faces Same Struggle as Bitcoin Startups In Finding European Bank Partners

Mobile payments are slowly creeping into our daily lives, as more and more competitive services start to emerge. Apple Pay, one of the most popular mobile payment options, has slowly started rolling out its services in various countries. And it looks like Samsung and Mastercard will present Samsung Pay together in Europe in the near future. It has to be said that the competition betweenApple Pay and Samsung Pay will be an interesting one to keep an eye on. Despite Apple Pay getting out of the gates sooner than Samsung Pay, there have been various issues with this mobile payment system....

45% of US Households Avoid Online Shopping Due to Cybercrime Risk

Online shopping is becoming a significant trend all over the world, yet a lot of people show concerns of online privacy and security. A recent US government study shows half of Americans are put off by lackluster security and privacy. Online Shopping Not Secure Enough. Consumers all over the world have taken a liking to the concept of online shopping. It....

Samsung To Begin Production of 3nm Chips Which Could Be Used For Mining Bitco...

Samsung is reportedly trialing the production of 3nm foundry processing for chips enabling bitcoin miners to operate faster and with less power consumption.

Chase Support for Samsung Pay Brings Competition To Bitcoin

Samsung Pay is getting ahead of its competitors thanks to its innovative technology for mobile payments. Now that Chase Bank is supporting Samsung Pay as well, this mobile payment option is far ahead of Android Pay and Apple Pay. Despite this positive news, Bitcoin remains the most versatile mobile payment method available today, although mainstream adoption is still far away. One of the main concerns with these various mobile payment solutions is how fractured the ecosystem truly is. Samsung Pay, Android Pay, and Apple Pay are all suffering from the same problem: lacking support from....

Samsung Reveals Virtual Store 837X in Decentraland Metaverse With NFT Badges ...

After the electronics giant Samsung disclosed the firm’s upcoming 2022 smart televisions would boast non-fungible token (NFT) support, the company has revealed it has opened a virtual store inside the Decentraland metaverse. Modeled from the physical store Samsung 837, Samsung’s metaverse store is called “Samsung 837X.” Samsung Steps Into the Metaverse Samsung is all about the metaverse and NFTs these days, as the company has opened a store within the blockchain virtual metaverse Decentraland. The Samsung 837X store is modeled from the physical location in New....