Samsung Says Yes to Cryptocurrency Payments

Samsung has said it will accept cryptocurrency payments in its stores. Its program has been started in the Baltic nations of Estonia, Latvia, and Lithuania. Samsung has said it will expand its program to other nations.

The company said that, at least in the beginning, it will be working with Bitcoin, Litecoin, XRP, Ethereum (ETH), Steem and Dash.

A report from the E.U’s Parliament Committee on Economic and Monetary Affairs has warned decentralized cryptocurrencies could have their value ruined. The report says if central bank and financial institutions issue their own digital assets decentralized cryptocurrencies will suffer.

Norbert Michaels, while testifying before the U.S Congress last week told lawmakers that cryptocurrencies should not be unfairly taxed. Michaels said digital assets are unfairly taxed when they are used to make purchases of goods. Michael works for the Heritage Foundation via the Center of Data Analysis as the Director.

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Cryptocurrencies have been rather stable the past twenty-four hours, while Bitcoin hovers near crucial resistance.

Yaron Mazor is a senior analyst at SuperTraderTV.

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