Big News for Ripple’s Payment Network From Switzerland
Customers check out by scanning a QR code linked to DFX.swiss, which converts cryptocurrencies into Swiss francs through Binance Pay’s infrastructure. More than 100 tokens are supported, including dollar- and euro-pegged stablecoins, and transactions are confirmed instantly with no gas fees. SPAR currently supports crypto in over 100 stores, with coverage expected to expand to 300 locations in the coming months.
Cutting Costs While Meeting Demand
Management at SPAR highlighted that digital wallets not only improve customer convenience but also reduce expenses for merchants. Transaction fees are roughly two-thirds lower than card payments, creating a win-win for both sides of the checkout counter.
Crypto Steps Into Everyday Life
Switzerland has long been considered a hub for blockchain innovation, but this move signals a new phase: digital assets are moving beyond finance and into daily consumer spending. Binance’s Jonas Juenger described the rollout as proof that crypto is “no longer limited to trading desks or institutions, but is becoming part of normal life — even at the supermarket.”
Toward Mass Adoption
The initiative is part of Switzerland’s broader strategy to embrace tokenized payments. Authorities already allow stablecoins such as USDT and USDC for commercial use, and a five-year tax exemption on digital asset profits takes effect in 2025. SPAR’s integration offers one of the clearest examples yet of crypto’s potential as a frictionless, mainstream payment method.
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Filed under: Bitcoin - @ August 18, 2025 12:09 am