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Spar, a Global Grocery Giant, Accepts Bitcoin Payments in Switzerland
Spar, a global grocery giant, has started accepting Bitcoin payments in its supermarket in Zug, Switzerland, via the Lightning Network. This move marks a significant step in the growing adoption of cryptocurrency for everyday transactions.
How it Works
Customers can pay for groceries using Bitcoin by scanning a simple QR code. The payment process is facilitated by DFX Swiss, a crypto-to-fiat payment solution firm. Spar's Bitcoin payments went live on BTC Mao, a community-driven project highlighting stores that accept BTC payments.
Impact and Significance
This development is part of a larger trend of increasing crypto adoption in Europe, particularly in Switzerland, which is known for its crypto-friendly regulations. Over 1,000 Swiss businesses have already implemented Bitcoin payments, according to BTCmap data. The integration of Bitcoin payments at Spar stores could potentially make it a norm for regular purchases across the continent.
Global Presence of Spar
Spar operates over 13,900 stores across 48 countries. The company has more than 14.7 million daily shoppers and 450,000 employees worldwide. This move could pave the way for more widespread adoption of Bitcoin payments globally.
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