The Global Grocery Giant has introduced Bitcoin-based payments in a Swiss city that marks an additional step within the growing takeover of cryptocurrency for on a regular basis transactions.
Bitcoin payments (BTC) implemented a Spar Supermarkt in Zug in Switzerland via the Lightning network.
The Bitcoin payments of the business went in BTC Mao, a project controlled by Community, wherein businesses were highlighted wherein BTC payments are accepted, DFX Swiss, a crypto-to-fiat payment solution that was announced in a LinkedIn post of April seventeenth.
“This savings location is considered one of the primary supermarkets in Switzerland, where you possibly can pay with Bitcoin (via LNURL) directly on the money register, due to our recent hashtag#Opecryptopay solution, an open P2P standard for private crypto payments,” said DFX.
Spar in Zug takes over Bitcoin payment, announcement. Source: DFX Swiss
Switzerland has long been considered considered one of the more crypto-friendly European jurisdiction with among the earliest crypto adoption initiatives.
In 2023, the Swiss city of Lugano Bitcoin and Tether -Utdt payments (USDT) took over for all municipal fees, considered one of the primary city administrations on the earth to accomplish that.
According to BTCMAP data, there are currently 1,013 shops and corporations that accept Bitcoin payments in Switzerland.
The introduction of Bitcoin under retail giants with global presence can increase the trust of the mainstream in cryptocurrency payments.
SPAR runs over 13,900 shops in 48 countries, with over 14.7 million every day buyers and 450,000 employees worldwide.
Spar in Zug enables seamless Bitcoin payment via QR code
Frictional points and complex user experiences are sometimes criticized as among the largest hurdles that limit the mainstream blockchain acceptance.
However, the Bitcoin implementation of SPAR enables easy payments by scanning a straightforward quick-response code (QR).
In a LinkedIn contribution of April 16, he skied how easy it’s to pay with BTC in Spar:
“Simply scan a static QR code, send SAS, immediate and straightforward registration by the cashier. If enough people use it, it may possibly be introduced across the country.”
“I used Phoenix letter bag for [the Lightning Network]But just about every part works, ”he added.
More and more firms are taking up cryptocurrency within the country. The Crypto Valley blockchain ecosystem in Switzerland exceeded an assessment of $ 593 billion in 2024, reported CoinTelegraph on January 21.
Among the 50 regional firms, 17 have achieved unicorn status with an evaluation of $ 1 billion or more.
“A Swiss industry wherein the 50 top firms share an evaluation of 593 billion US dollars and whose funds exceed the worldwide medians reflects the vision and resilience,” Mathias Ruch, founder and CEO of CV VC, told Cointelegraph.
Some of the well-known projects of Crypto Valley include the blockchain network from Layer-1 (L1) Ethereum, Cardano and the Casper Blockchain.
