Spar partners with Binance Payment and DFX.swiss to accept payments in over 100 types of cryptocurrencies and stablecoins in-store.
The cryptocurrency payment service has been implemented at 100 Spar stores in Switzerland and will be expanded soon, providing customers with more convenience when using various modern payment methods.
MAIN CONTENT
Spar partners with Binance Payment and DFX.swiss to implement cryptocurrency payments.
The service allows the use of over 100 types of coins and stablecoins.
Implemented in 100 stores in Switzerland, expansion is planned but no specific timeline has been announced yet.
How has Spar implemented cryptocurrency payments?
Spar is collaborating with two partners, Binance Payment and DFX.swiss, to introduce cryptocurrency payment forms into its store chain. The service is currently operational at 100 sales points in Switzerland, marking an important step in applying modern payment technology to traditional retail.
This marks the growing recognition of cryptocurrencies in everyday transactions, especially as Spar chooses to expand after the initial testing phase. This also opens up opportunities for other retailers to integrate new payment methods, enhancing convenience and customer shopping experience.
Why did Spar choose to partner with Binance Payment and DFX.swiss?
Binance Payment is the world's leading cryptocurrency payment platform, while DFX.swiss is a Swiss fintech company specializing in digital financial services. This combination provides Spar with flexible, secure, and convenient solutions that meet the diverse needs of cryptocurrency users.
Partnering with specialists in the cryptocurrency field helps Spar process payments efficiently, minimize risks, and ensure compliance with current financial regulations. This also lays the groundwork for the rapid and stable expansion of this service across the Spar store system in Switzerland.
"The integration of cryptocurrency payments into the retail system allows us to reach a wider audience and modernize the shopping experience."
Spar spokesperson, August 2023
What is the progress of Spar's cryptocurrency payment service expansion?
After the initial implementation phase at 100 stores in Switzerland, Spar plans to roll out the service to the entire remaining chain. However, the completion date for this expansion has not been specifically announced.
The lack of a detailed schedule indicates that Spar is cautiously evaluating operational effectiveness while preparing appropriate technical and legal steps before making a final decision. This ensures that the service upgrade process runs smoothly and stably on a larger scale.
What types of cryptocurrencies are accepted for payment at Spar?
Spar allows customers to use over 100 types of cryptocurrencies and stablecoins for payments. This includes various popular coins and widely traded stablecoins to ensure maximum flexibility and utility for users.
Accepting various types of cryptocurrencies not only supports the current user group but also attracts new customers, thereby helping to increase transaction volume and revenue for Spar in the context of the increasingly developing cryptocurrency market.
Frequently Asked Questions
Where has Spar adopted cryptocurrency payments?
Spar has implemented cryptocurrency payments at 100 stores in Switzerland, with plans to expand to the remaining stores.
What types of cryptocurrencies can customers use for payment?
Customers are allowed to use over 100 types of cryptocurrencies and stablecoins to make payments at Spar.
When will the cryptocurrency payment service be expanded to all stores?
Currently, Spar has not announced a precise schedule for the full expansion of this service.
Why did Spar partner with Binance Payment and DFX.swiss?
These two partners provide technology and security solutions that help implement cryptocurrency payments effectively for Spar.
How does cryptocurrency payment affect the customer experience?
Enhancing convenience and modernizing the shopping experience by diversifying payment methods.
Source: https://tintucbitcoin.com/spar-ra-mat-stablecoin-thanh-toan-crypto/
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