SPAR has commenced accepting Bitcoin transactions at its Zug, Switzerland location, signifying yet another achievement in Switzerland’s innovative approach to bitcoin utilization. The deployment employs the Lightning Network via DFX Swiss’s OpenCryptoPay system, facilitating instant transactions at the point of sale.
The shop’s site in Zug, frequently referred to as “Crypto Valley,” symbolizes Switzerland’s adaptation to technology. The nation has established itself as a global frontrunner in bitcoin acceptance, with cities such as Zug and Lugano leading the charge to incorporate bitcoin into everyday transactions.
Lugano, in particular, has gained attention with its “Plan ₿” program, which aspires to position bitcoin as a de facto legal tender in the city. The initiative, backed by Mayor Michele Foletti, has already facilitated bitcoin payments for taxes, public services, and at numerous local merchants. The city has also collaborated with Tether to create a technology education center and startup fund.
“This SPAR outlet ranks among the earliest supermarkets in Switzerland where customers can directly pay at checkout using Bitcoin via LNURL,” DFX Swiss declared. This implementation might set the stage for further expansion throughout SPAR’s network of over 13,900 stores across 48 countries, catering to approximately 14.7 million consumers on a daily basis.
Bitcoin Association Switzerland director Rahim Taghizadegan showcased the system’s ease of use: “Simply scan a static QR code, send sats, with swift and simple registration by the cashier.” This intuitive method resonates with Switzerland’s ambition to make bitcoin transactions available for everyday consumers.
The nation’s bitcoin-friendly position has drawn various bitcoin and cryptocurrency companies and initiatives. Beyond Zug and Lugano, cities throughout Switzerland are investigating comparable programs, supported by a resilient banking sector that is progressively embracing bitcoin.
SPAR’s initiative builds upon this groundwork, joining other Swiss retailers and enterprises in accepting bitcoin payments. This action could impact adoption across the retail landscape, particularly given Switzerland’s role as a benchmark for bitcoin incorporation in conventional finance and commerce.
