The Swiss supermarket chain hosts cryptographic payments


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One of the Spar supermarkets in Zug, Switzerland, began to accept Bitcoin As a payment method, following an increasing number of companies welcoming cryptocurrency for daily purchases. This decision is a great development for the global grocery chain with nearly 14,000 stores distributed worldwide and addressing nearly 15 million customers every day.

Swiss Outlet innovates with the Bitcoin payment option

This supermarket point of sale in Zug was recently added to BTC cardA community platform that monitors companies around the world that accept Bitcoin payments, as reported by DFX.SWISS, a Swiss cryptocurrency startup. The system supports payment via Bitcoin Lightning Network technology, and customers can make payments by simply scanning a QR code.

Rahim Taghizadegan, a bitcoin economist who is the head of Switzerland of the Bitcoin association, was a guest at the store and correctly checked the system. In a video published on LinkedIn, he explained how customers can pay using cryptocurrency.

Spar on BTC Map.

The technical solution makes transactions quickly

The payment system works on the OpenCryptopay protocol, created by DFX.SWiss to support real cryptographic transactions. The system uses the peers of the Bitcoin Lightning network, which accelerates transactions and makes them more possible for use in points of sale.

Switzerland has become a cryptocurrency acceptance center, with Over 1,000 companies Accept Bitcoin payments. The Swiss city of Lugano went so far as to legalize BTC and USDT as a tender in 2022, and recently added a statue dedicated to the anonymous founder of Bitcoin, Satoshi Nakamoto.

Global adoption is growing

Although the Bitcoin payment option is now only offered in a Spar store, any deployment of the international network of the chain may have a massive impact on the use of cryptocurrency in daily purchases. Length To an international presence in 48 countries, which means that it has the potential to put millions of customers in contact with the payment of cryptocurrency.

This decision continues a growing Bitcoin absorption model among retail shops around the world. Pick N Pay, which works as one of the largest food grocery chains in South Africa, accepted digital currency from 2022. The manufacturer of sports car Ferrari is also on the grip of cryptocurrency payments, presenting adoption in many sectors of the market.

BTC is now traded at $ 85,192. Chart: Tradingview

The education sector also adopts cryptocurrency

According to last week’s reports, the trend extends beyond retail and high-end goods. The Lomond School in the United Kingdom revealed that it would accept BTC tuition fees from the fall of 2025, introducing cryptocurrency payments into education.

While institutions and more companies incorporate cryptocurrency payments, customers could find the crypto used as a standard choice to make payments instead of the traditional way. The deployment of Spar in Switzerland could be a pilot for other markets in the large network of the grocery chain.

Spar’s decision to bring this payment mechanism to Switzerland reaffirms the welcoming attitude of this nation towards cryptocurrency innovations. With the approval of a global retailer deemed to be Spar, Bitcoin continues its transition from the investment currency foundation to a practical currency for everyday purchases. »»

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