The cryptocurrency market and its developments have been focused on one end goal, the integration of the cryptosphere with the mainstream market. This goal was given yet another boost by the recent announcement from Qtum, a move aimed at increasing its usage among the general populace.
Qtum announced that users of the cryptocurrency can now use it in transactions through popular payment gateways, Apple Pay and Samsung Pay. The company tweeted,
According to the company, the cryptocurrency can be used to trade using the Zeus app, which will then enable the user to link it to their Apple Pay or Samsung Pay accounts. Qtum’s blog post read,
The company believes that with the latest development, Qtum, which is based on a Proof-of-Stake blockchain, will meet “Point-of-Sale terminals around the world.” After the announcement, Miguel Palencia, the Chief Information Officer of the Qtum Foundation, commented,
Qtum’s focus on real-world applications also led them to partner Amazon Web Services [AWS], which according to the Jeff Bezos-led company, “inspired” them to launch a blockchain service that supported Ethereum and Hyperledger.