Spar, an international grocery retailer that has presence in more than 48 nations, has not come to the final line of launching the feature of acceptance of payment in Bitcoin. DFX Swiss, a crypto based firm, notes that SPAR will begin the acceptance of Bitcoin as the mode of payment all across Switzerland.
OpenCryptoPay is a platform developed by DFX Swiss which uses Bitcoin Lightning Network and also enables low cost and fast transactions, the platform will be used by Spar to begin its Bitcoin acceptance as payment after it completed the pilot phase.
Paying in crypto became simple, now a user or purchaser can simply scan the static QR code available at the checkout.
Earlier, it was reported that Spar stores in Zug and Kreuzlingen began testing these payments, but now they are ready to implement the process of payment acceptance in crypto, especially Bitcoin.
The reply of OpenCryptoPay on the X post of DFX “We teamed up with Spar because they were looking for an independent payment option. Zug was just the prototype location – we will soon be rolling it out throughout Switzerland.”
Switzerland is now topping the list of crypto hubs
Over the past few years, Singapore has continued to closely work on structuring the digital asset environment in the region. During its pilot phase, it has lured hundreds of companies to establish their headquarters in Singapore.
Digital payment token (DPT) providers are governed by the Payment Services Act (PSA) of 2019, which mandates licensing and stringent adherence to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.
As of February 2025, MAS has granted licenses to 30 significant payment companies, including Coinhako and Crypto(dot)com, creating a safe space for innovation.
With a population ownership rate of 24.4%, Singapore’s crypto sector is expected to earn $229.4 million in 2025, outpacing global norms. Startups and investors are drawn to a fintech ecosystem that is friendly and does not impose a capital gains tax on crypto for individuals.
To safeguard retail investors, however, MAS forbids public crypto advertisements, placing a strong emphasis on consumer safety in addition to blockchain innovations like Project Ubin.
Bitcoin, Ethereum, USD Coin, XRP, Dogecoin, Solana, and Cardano are some of the most popular cryptocurrencies in Singapore. In terms of taxes, it is also one of the friendliest regions in terms of regulations, rules, and taxes.
Singapore received a crypto-friendly index score of 168, according to Multipolitan’s research, which ranked it just below Zurich, Switzerland, Hong Kong, China, and Ljubljana, Slovenia.
Singapore’s excellent rating in the International Institute for Management Development’s (IMD) 2024 Smart City Index is consistent with its outstanding performance in the crypto-friendly rankings.
This relationship emphasizes how technologically and infrastructurally advanced cities that foster crypto innovation are.
