The Zurich-based crypto-financial service provider Bitcoin Suisse is partnering with European payments firm Worldline to unlock instant Bitcoin (BTC) and Ethereum (ETH) payments for 85,000 merchants in Switzerland.
The new service, called WL Crypto Payments, enables merchants to accept BTC and ETH payments at the point of sale and in e-commerce, according to a Worldline press release.
Merchants can download the WL Crypto Payments mobile app or install a payment plugin on their websites, allowing customers to pay through their usual mobile crypto wallet apps.
The crypto transactions will be securely converted into Swiss Francs immediately after payment confirmation, which may reduce a merchant’s exposure to volatility risks, according to Worldline.
Dr. Arthur Vayloyan, chief executive of Bitcoin Suisse, says the partnership brings user-friendly crypto payments to the Swiss market.
“This is a historic milestone for crypto adoption in Switzerland and beyond… This step proves once again that Switzerland is a leader in collaborative innovation and a pioneer in the crypto and blockchain industry.”
Multiple Swiss banks have rolled out support for crypto trading this year, with Bordier & Cie SCmA, one of the country’s oldest banking institutions, launching support for BTC, ETH, Bitcoin Cash (BCH), and Tezos (XTZ) back in February.
In June, BBVA Switzerland also rolled out Bitcoin trading and custody for its private banking clients after six months of testing.
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