Switzerland promotes cryptocurrency payments, 65,000 merchants will accept bitcoin

According to Cointelegraph, on November 13th, in order to increase the acceptance of cryptocurrency in Switzerland, cryptocurrency broker Bitcoin Suisse cooperated with European payment and transaction service provider Worldline.

Online-banking-4287719_1280 (Source: needpix )

The two companies have signed a letter of intent to provide online and offline cryptocurrency payment services to merchants and consumers in Switzerland.

65,000 Swiss merchants will accept cryptocurrency payments

The new system will serve 65,000 Swiss merchants currently using Wordline's National Payment Infrastructure (SIX Payment Services).

With the increasing cryptocurrency payment capabilities, traditional networks have also begun to help promote the large-scale use of such new assets in physical stores and e-commerce.

Marc Schluep, CEO of Worldline Switzerland, said:

By partnering with Bitcoin Suisse, merchants can benefit from new payment methods without any conversion risk.

The two companies promise that the service will be convenient for merchants and consumers, and that payments made by consumers to merchants will be converted into Swiss francs or euros for payment, and the entire transaction data will be fully integrated into the merchant's report.

In the future, Worldline also intends to introduce cryptocurrency payment terms across Europe.

Cryptographic payment

According to reports, the Swiss-based cryptocurrency bank SEBA obtained a banking and securities dealer license from the Swiss Financial Market Regulatory Authority and opened its doors to professional investors and corporate clients on November 12.

Last month, Cointelegraph published an article outlining the current global business of accepting Bitcoin as a payment method.