Supermarket – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 20 Apr 2025 17:40:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Supermarket – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Swiss Spark Supermarket begins accepting bitcoin https://earlybirdsinvest.com/swiss-spark-supermarket-begins-accepting-bitcoin/ https://earlybirdsinvest.com/swiss-spark-supermarket-begins-accepting-bitcoin/#respond Sun, 20 Apr 2025 17:40:06 +0000 https://earlybirdsinvest.com/swiss-spark-supermarket-begins-accepting-bitcoin/

SPAR has begun accepting Bitcoin payments for Zug, Switzerland. Swiss progressive approach to adoption marks another milestone. This implementation uses the Lightning network through DFX Swiss’ OpenCryptopay solution to enable instant transactions at point of sale.

The location of the store in Zug, often referred to as “Crypto Valley,” reflects the embrace of Swiss technology. The country has emerged as a global leader in Bitcoin adoption, with cities such as Zug and Lugano’s support initiatives integrating Bitcoin into everyday trading.

In particular, Lugano made headlines with a “plan” initiative aimed at making Bitcoin the city’s de facto legal fiat currency. The plan, backed by Mayor Michele Foretti, has already enabled taxes, public services and Bitcoin payments to hundreds of local merchants. The city also partnered with Tether to establish the Technology Education Centre and the Startup Fund.

“This spare location is one of Switzerland’s first supermarkets, and you can pay directly at checkout using Bitcoin via LNURL,” DFX Switzerland announced. The implementation could pave the way for expansion across a network of SPARs with more than 13,900 stores across 48 countries, serving around 14.7 million customers every day.

Rahim Taghizadegan, director of Bitcoin Association Switzerland, demonstrated the simplicity of the system. This user-friendly approach is consistent with Switzerland’s vision of making Bitcoin transactions accessible to everyday consumers.

The country’s Bitcoin-friendly stance brings together many Bitcoin and crypto companies and initiatives. Beyond Switzerland and Lugano, Swiss cities are exploring similar programs supported by the robust banking sector that increasingly embraces Bitcoin.

Spar’s initiative is built on the foundation, joining other Swiss retailers and businesses to accept Bitcoin payments. This move could impact recruitment across the retail sector, particularly given Switzerland’s role as a model of Bitcoin integration in traditional finance and commerce.

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Bitcoin In The Aisles: Swiss Supermarket Chain Welcomes Crypto Payments https://earlybirdsinvest.com/bitcoin-in-the-aisles-swiss-supermarket-chain-welcomes-crypto-payments/ https://earlybirdsinvest.com/bitcoin-in-the-aisles-swiss-supermarket-chain-welcomes-crypto-payments/#respond Sat, 19 Apr 2025 19:55:43 +0000 https://earlybirdsinvest.com/bitcoin-in-the-aisles-swiss-supermarket-chain-welcomes-crypto-payments/

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One of Zug, Switzerland’s Spar supermarkets has begun accepting Bitcoin as a form of payment, following an increasing number of enterprises welcoming cryptocurrency for day-to-day purchases. The move is a big development for the global grocery chain with almost 14,000 stores spread around the globe and catering to nearly 15 million customers every day.

Swiss Outlet Breaks Ground With Bitcoin Payment Option

This supermarket outlet in Zug has recently been added to the BTC Map, a community-powered platform that monitors businesses across the globe that accept Bitcoin payments, as reported by DFX.swiss, a Switzerland-based cryptocurrency startup. The system supports payment through Bitcoin Lightning Network technology, and customers can make payments by merely scanning a QR code.

Rahim Taghizadegan, a bitcoin economist who is the leader of the Bitcoin Association Switzerland, was a guest at the shop and verified the system functions correctly. In a video posted on LinkedIn, he explained how clients can pay using the cryptocurrency.

Spar on BTC Map.

Technical Solution Makes Transactions Quick

The payment system operates on the OpenCryptoPay protocol, created by DFX.swiss to support real-life crypto transactions. The system harnesses the peer-to-peer features of the Bitcoin Lightning Network, which accelerates transactions and makes them more feasible for use in retail outlets.

Switzerland has emerged as a hotbed of cryptocurrency acceptance, with more than 1,000 businesses accepting Bitcoin payments. The Swiss city of Lugano went as far as legalizing BTC and USDT as legal tender back in 2022, and lately, added a statue dedicated to the anonymous founder of Bitcoin, Satoshi Nakamoto.

 

Global Adoption Gaining Momentum

Although the Bitcoin payment option is now only offered at one Spar store, any rollout to the chain’s international network could have a massive impact on cryptocurrency usage in day-to-day shopping. Spar has an international presence in 48 countries, which means it has potential to bring millions of customers into contact with cryptocurrency payment.

This move continues an increasing pattern of Bitcoin uptake among retail businesses across the globe. Pick n Pay, which operates as one of South Africa’s largest food grocery chains, accepted digital currency as of 2022. Sports car maker Ferrari is also on board with taking cryptocurrency payments, exhibiting adoption through numerous market sectors.

BTC is now trading at $85,192. Chart: TradingView

Education Sector Also Embracing Cryptocurrency

According to last week’s reports, the trend is extending beyond retail and high-end merchandise. Lomond School in the United Kingdom revealed that it would accept tuition fees in BTC from autumn 2025, introducing cryptocurrency payments into education.

As institutions and more businesses incorporate cryptocurrency payments, customers could find crypto used as a standard choice to make payments instead of the traditional way. The Spar rollout in Switzerland might be a pilot for other markets within the grocery chain’s wide network.

The move by Spar to bring this payment mechanism to Switzerland reaffirms the welcoming attitude of this nation toward innovations in cryptocurrency. With the endorsement of a reputable global retailer like Spar, Bitcoin continues its transition from being fundamentally an investment currency to a practical currency for everyday shopping.”

Featured image from Inc. Magazine, chart from TradingView

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