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Ripple’s XRP Accepted by Samsung Signals ‘None Security’

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 categorises 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.

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Bitcoin Cash Being Accepted by ‘Gold Bug’ Peter Schiff’s Firm

The very famous while bearish on cryptos – ‘gold bug’ Peter Schiff is not so much of a bitcoin-lover. For some time now he has commented on various occasions that Bitcoins is worthless and it of the same status like tulip or Beanie Babies hype. Going against Max Keiser, last year Schiff added that digital currency market signals are wrong signals to be supported on:

“[Bitcoin] is being created but there is no real value in bitcoin; it’s all based on faith. If somebody doesn’t want your bitcoin there’s nothing you can do with it, right?” asks Schiff during the debate with Keiser.

But, as it turns out – Peter Schiff is accepting cryptocurrency through Bitpay, the payment processor. As he told the audience in the Libertycon conference in Washington DC, in the first chance he cashes out into traditional currency during the debate with Sterlin Lujan – Bitcoin.com Communications Ambassador.

Now the economist’s bullion company Schiff Gold accepts the decentralized cryptocurrency bitcoin cash (BCH). Although Schiff Gold accepts BCH through the payment processor Bitpay the company says the firm believes precious metals is the best solution for a safe-haven asset.

“We strongly recommend physical precious metals as the best long-term, safe-haven assets and caution our clients to avoid speculative investments,” explains the company’s website.

However, we also support any free market approach to money and barter and recognize bitcoin as a valid payment system — We are proud to work with Bitpay to process your transaction in bitcoin.

For the time being, bullion dealers that are open to the same way of payment by Bitcoin Cash are Silvergoldbull, Apmex and JM Bullion.

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Ethereum Accepted For Flying Tickets: Adaptation on Its Way

As the mainstream-globalization train is hitting hard the cryptocurrency ecosystem and its number of users is growing everyday, an airline is drafting out a plan to give the opportunity costumers to use BTC or ETH as a payment option.

Bitcoin and other cryptocurrencies may currently be mostly used for investment purposes, but they can also be used to buy services and goods. Many companies want to attract more customers through innovative measures. One of these measures is allowing customers to pay with their favorite cryptocurrencies. Services like Bitpay, Coinbase, and Shopify have made it very easy for online-retailers to adopt this new payment method.

The most notable example of retail adoption is the e-commerce store Overstock, which is currently experimenting with various cryptocurrencies and blockchain technologies.

On the other hand – the gaming giant online store Steam declared that the termination of BTC acceptance will come because of its high transaction fees and price volatility.

For anybody that does not prefer commercial flights and does like privacy, there is on private jet airline called Surf Air based in Silicon Valley which will be opening doors to booking your own private jet using cryptocurrency – according to Flying Mag and BusinessInsider.

The CEO of Surf Air Europe – Simon Talling-Smith stated out:

“Surf Air was built on the idea of disrupting and changing the way the world sources, purchases and accesses air travel so it only makes sense that we would be on the cutting edge of accepting new forms of payment such as bitcoin and ethereum.

This comes ahead of our inaugural flight from London City Airport that will transform the business travel experience for our European membership base.”

As the price of Bitcoin and Ethereum is steadily rising, perhaps more and more cryptocurrency users will be able to afford the services that Surf Air is offering.