Spar in Zug Introduces Bitcoin Payments, Highlighting Growing Adoption of Cryptocurrency in Swiss Retail
The post Spar in Zug Introduces Bitcoin Payments, Highlighting Growing Adoption of Cryptocurrency in Swiss Retail appeared on BitcoinEthereumNews.com.
Spar supermarkets in Switzerland have taken a groundbreaking step by enabling Bitcoin payments via the Lightning Network, an innovative move towards cryptocurrency adoption in daily shopping. With over 1,000 businesses accepting Bitcoin across the country, Switzerland continues to lead in the integration of digital currencies into everyday financial transactions. “This SPAR location is among the first supermarkets in Switzerland where you can pay directly at the checkout using Bitcoin (via LNURL),” said DFX Swiss, underlining the significance of this implementation. Spar supermarkets in Switzerland are now accepting Bitcoin payments via the Lightning Network, furthering crypto adoption with over 1,000 businesses involved. Spar in Zug Enables Seamless Bitcoin Payment via QR Code The acceptance of Bitcoin in traditional retail environments marks a significant milestone for cryptocurrency adoption. Spar’s latest initiative allows customers to make purchases by simply scanning a QR code, making the transaction not only fast but also user-friendly. Simple and User-Friendly Payments Enhance Crypto Adoption According to Rahim Taghizadegan, a notable lecturer at a leading university and director of the Bitcoin Association Switzerland, the process is straightforward: “Just scan a static QR code, send sats, and the cashier registers it instantaneously.” This seamless experience could help to eliminate friction points, commonly recognized as barriers to broader blockchain usage. Switzerland’s Growing Crypto Ecosystem Switzerland has established itself as a crypto-friendly nation, propelled by initiatives fostering Bitcoin payments in various sectors. As of now, there are a total of 1,013 businesses in the country embracing Bitcoin, which highlights the growing acceptance of digital currencies among the populace. In 2023, the adoption of Bitcoin and Tether USDt (USDT) for municipal fees in Lugano further demonstrates the country’s leading role in the crypto space. Crypto Valley’s Prosperity Switzerland’s Crypto Valley has recently seen its valuation soar to an impressive $593 billion, reflecting the…
Filed under: News - @ April 18, 2025 2:26 pm