Shoppers in Switzerland can now pay for groceries with digital assets, as SPAR becomes the first major supermarket chain in the country to integrate crypto payments on a national scale.
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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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/big-news-for-ripples-payment-network-from-switzerland/