- Customers can now pay with crypto in more than a hundred savings stores located around Switzerland as a result of a collaboration.
- Through integration, customers can make quick payments with over a hundred supported crypto courses, including well -known Stablecoins.
Due to a new agreement between Spar, Binance Pay and DFX.swiss, consumers in Switzerland can now pay for their usual foods with Stablecoins and other Cryptocurrencies.
Customers can now pay with crypto in more than a hundred savings stores located around Switzerland as a result of a collaboration between Binance Pay, the transparent and secure payment solution for Cryptocurrency offered by Binance and DFX.swiss, a Swiss company for financial technology. The implementation of a cryptocurrency payment system in the grocery store in Switzerland is a first of its kind. Distribution is now spreading throughout the SPAR network, and it is expected that over 300 seats will be able to take Cryptocurrency payments in the coming months.
Through integration, customers can make quick payments with over a hundred supported crypto courses, including well -known Stablecoins supported by the euro and dollars, and there are no gas fees associated with these transactions. through the Binance Pay app. The DFX.SWiss integration enables the settlement of payments in Swiss Franc (CHF) or any other currency you choose.
André Scherr, CEO SPAR SWITZERLAND:
“Smart wallet payment solutions such as those offered by DFX in combination with Binance Pay will be the future: customers are increasingly asking for them, and merchants save about two -thirds of commission fees compared to card payments.”
As the need for Stablecoins and digital payment solutions continues to increase on a worldwide scale, this initiative has been launched. Switzerland, which has long been recognized as a global hub for Cryptocurrencies, is now taking a significant step forward to expand the adoption of Cryptocurrencies in everyday life in addition to institutional financing and to the consumer trading space. This makes it easier than ever before for Swiss residents and international visitors to use digital assets in their daily lives.
Jonas Jueger, regional director of Binance:
“As adoption of crypto payment continues to grow, we are proud to see our technology support such a trusted and widespread retail brand as saves. This collaboration shows how Krypto becomes part of everyday life – including grocery store in supermarkets – and highlights the powerful synergy between traditional retail and digital payment solutions and offers an enrichment and offers an enrichment and offers an enrichment and offers an enrichment and offers an enrichment and offers an enrichment.
When customers are at checkout, they can end the transaction by simply scanning “Opencryptoqr” provided by the DFX Swiss using the Binance Pay app. The payment is handled immediately in the Cryptocurrency you choose, which may include StableCoins supported by either the euro or dollar currency. Thereafter, DFX.swiss makes it possible to convert the currency to CHF or any other Fiat currency, so that guarantees that SPAR will be paid as a whole in Fiat currency.
Cyrill Thommen, founder of DFX.SWiss:
“We believe that crypto payments should feel as natural as any other form of payment, and this partnership makes that vision real. Our mission is to connect the world of digital assets to everyday transactions, and we are proud to operate one of Switzerland’s most established retail networks in this transformation.”
As a result of this integration, food purchases are now one of the most accessible cases in reality for Cryptocurrency in Switzerland at this time. The varied consumer base for SPAR can now benefit from a seamless Cryptocurrency -payment experience, all while merchants continue to work with the same financial infrastructure with which they are used.
Cyrill Thommen, founder of DFX.SWiss:
“We believe that crypto payments should feel as natural as any other form of payment, and this partnership makes that vision real. Our mission is to connect the world of digital assets to everyday transactions, and we are proud to operate one of Switzerland’s most established retail networks in this transformation.”
1989 was the year that Spar Group Switzerland, which has its head office in Gossau, Switzerland, bought the SPAR license from SPAR International for the entire Switzerland. Since April 2016, South African Spar Group Ltd. Become the parent company to Spar Group Switzerland in Switzerland. SPAR Group Switzerland consists of 11 TopCC contacts and wears wholesale markets in addition to 250 SPAR block stores, Saving Express Completed stores and SPAR -Micro stores. One third of the SPAR neighboring stores are owned and operated by the company itself, while the other two-thirds are the responsibility for independent traders operating under a franchise system. In addition, SPAR provides its services to independent Maxi buyers as well as other consumers. Over 2,200 individuals are employed by the SPAR group at full-time equivalent, the number of which includes 200 apprentices.
SPAR is a chain of grocery stores that focus on giving customers informed and polite employees. The stores provide a variety of articles, including a significant selection of fresh, locally acquired and organic goods offered at appealing prices.
The Netherlands is home to the SPAR International head office, which is headquartered there. SPAR is the largest voluntary retail chain, with approximately 13,900 supermarkets and a total sale of EUR 47 billion. It operates in fifty countries under a license basis, making it the international leader in the retail industry. 1932 was the year that Saving was founded in the Netherlands. Since the name originates from the Dutch word for “Gran Tree”, the SPAR logo also contains this meaning.
