CiaoFamily 👷♂️👷♀️ #BinancePay #StablecoinRevolution #Swiss
The world of cryptocurrencies is making a leap into everyday life. Cryptocurrencies are moving beyond the realm of just digital investors and are preparing to enter daily life. In Switzerland, the kingdom of traditional finance, it is now possible to pay for groceries in Bitcoin and other digital currencies. Meanwhile, in the United States, the Trump administration is taking a decisive step towards integrating crypto assets into one of the most popular retirement plans, a move destined to revolutionize the personal finance of millions of Americans. The digital revolution thus enters the shopping cart and long-term plans. Is a new normal on the horizon?
In Switzerland, spending in crypto
It is a historic debut for Swiss retail. The supermarket chain Spar has announced that it will accept payments in cryptocurrencies at over 100 points of sale across Switzerland. The project is the result of a collaboration with Binance Pay – the crypto payment solution of the eponymous giant – and Dfx.swiss, specialized in converting digital assets into fiat currencies, i.e., legal tender like the euro and the dollar.
This is the first nationwide experiment of a cryptocurrency payment system in Swiss large-scale food distribution. The initiative currently involves about 100 supermarkets, but the goal is to reach 300 points of sale within the next few months. Customers will be able to pay directly via the Binance Pay app, using over 100 cryptocurrencies – including stablecoins pegged to the euro and dollar – with no specific fees. All transactions will be settled in Swiss francs or other fiat currencies thanks to the integration with Dfx.swiss.
