Deep Tide TechFlow News, on August 15, according to Cointelegraph, Swiss supermarket chain Spar announced a partnership with Binance Pay and Swiss fintech company DFX.swiss to launch cryptocurrency payment services nationwide. The service is currently live in 100 stores, supporting payments with over 100 cryptocurrencies and stablecoins, with plans to expand to 300 stores in the coming months.

According to André Scherrer, Managing Director of Spar Switzerland, cryptocurrency payments can save merchants up to two-thirds in fees compared to traditional card payments. After users complete the payment by scanning the QR code through the Binance Pay app, the funds will be automatically converted to Swiss francs.