In Switzerland, over 85,000 merchants are now accepting cryptocurrency payments.
Over 85,000 merchants in Switzerland are now taking cryptocurrency payments from their customers through a collaboration between Worldline, a French payment and transactional services company, and Bitcoin Suisse, a Switzerland crypto-financial services company.
In a press release dated August 19, Bitcoin Suisse announced the launch of the integrated service WL Crypto Payments. Thanks to this omni-channel payment solution, all merchants who use Worldline payment services will be able to accept Bitcoin and Ether payments. On point-of-sale (POS) and e-commerce systems, retailers will be able to accept Bitcoin and Ether payments.
Merchants only need to download the WL Crypto Payments mobile app to use this payment service. The Worldline payment plugin can also be integrated into their website.
Clients who want to pay with digital coins can do so using the mobile cryptocurrency wallet application. Prices in Swiss Francs (CHF) will be displayed in real-time Bitcoin (BTC) or Ether (ETH) values, according on the settings selected by the client. The price, which will be paid in bitcoin, may be quickly confirmed with the merchant.
The transaction is claimed to be safe from volatility risks, as it will be safely converted into CHF after payment is confirmed.
Before being extended out to all Worldline businesses in Switzerland, this payment method was successfully tested in a trial programme. In November of this year, Worldline and Bitcoin Suisse worked for the first time on cryptocurrency payments.
According to a news release from 2019, the firms aimed to strengthen Switzerland's "leading position as a strong centre in the crypto-financial services industry." With over 800 companies offering services or developing solutions for crypto and blockchain companies, Switzerland is a buzzing centre of cryptocurrency growth.
Worldline Switzerland MD Marc Schluep stated that this project met the company's goal of providing "concrete value to merchants around the world" and facilitating "smooth and modern payments in all markets."
Dr. Arthur Vayloyan, CEO of Bitcoin Suisse, described it as a "historic milestone for crypto acceptance in Switzerland and beyond," adding that it demonstrated once again that Switzerland was a leader in collaborative innovation and a pioneer in the crypto and blockchain industries.