Online and in-store businesses in Switzerland are soon going to receive cryptocurrency payments, as the Bitcoin Suisse operating crypto financials has partnered with the payment company Worldline. The announcement has been made on Friday, and it says that the two financial players will leverage the SIX Payment Services infrastructure. This means cryptocurrency enthusiasts have something to be happy about, seeing they’ll be able to spend their bitcoins in shops all over Switzerland.
SIX Payment Has Signed with Bitcoin Suisse
French SIX Payment Services used to belong to the Swiss stock exchange conglomerate providing card payment terminals in more than 85,000 retail businesses in Switzerland. The company now wants to have its infrastructure hooked up with cryptocurrencies. An intent external link letter between Bitcoin Suisse and SIX Payment Services has been signed, saying that bitcoin will be converted into Swiss francs and used for retail payments.
Pilot Project for 2020
This partnership is only in its early stages and supposed to happen in 2020. The date at which is going to take effect still needs to be determined. The two financial companies must wait and see which merchants are going to come on board. If the project will be a success, Worldline has announced to provide its services to other European markets.
The Future of Worldline – Bitcoin Suisse Partnership Looks Promising
The plan looks like it’s going to take shape as the largest online retailer in Switzerland, which is Digitec Galaxus, has partnered up with Datatrans, the e-payment company, and Coinify, to accept cryptocurrencies as payments. Aside from this, the Dolder Grand luxury hotel has adopted the Swiss Inapay system. This means it allows cryptocurrencies payments.
Amid Schmid, Crypto Tokens CEO, Trusts the Deal
The CEO of the Crypto Tokens, which is a Bitcoin Suisse division, says that crypto payments in the retail sector will very likely start as e-payments. The same Armin Schmid, who is a former employee of PayPal and Swiss Payment Services, thinks that Worldline’s involvement is of great importance and that retailers will want to take cryptocurrency payments. He also stated that the service fees will be soon defined and that they shouldn’t be more than what’s being charged to accept payment by card.