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Launch of Bitcoin Payments in Swiss Spar Stores

Spar Switzerland will implement Bitcoin payment solutions nationwide, following testing phases in the cities of Zug and Kreuzlingen. The payment service relies on DFX Swiss's OpenCryptoPay platform and utilizes the Lightning Network to accelerate transactions.

Spar Switzerland, a major grocery store chain, is the first to accept Bitcoin for all payments. Rahim Taghi Zadegan, director of the Bitcoin Association Switzerland, expressed the simplicity of this system, stating: "The adoption of cryptocurrencies in the retail sector enhances the number of Swiss companies."

This launch is expected to expand the adoption of cryptocurrencies in the retail sector, with 600 companies now accepting cryptocurrencies in Switzerland. This launch offers a new payment method and includes DFX Swiss data and BTC Map in the rollout process. Financial discussions reflect market interest in Bitcoin despite central bank reservations that have pointed to market volatility. However, demand is being stimulated for its adoption, and the Spar launch is considered a significant commercial achievement in Switzerland. Switzerland's initiatives supporting cryptocurrencies set a precedent. Switzerland's history with cryptocurrencies has seen previous initiatives, such as tax payments in Zug using digital currency. The plan in Lugano to use Bitcoin as legal tender reflects the competitive landscape of cryptocurrencies.