Swiss Spar supermarket has launched a cryptocurrency payment service in collaboration with Binance Pay and DFX.swiss, covering 100 stores

ChainCatcher news, according to Cointelegraph, Swiss supermarket chain Spar has announced a partnership with Binance Pay and Swiss fintech company DFX.swiss to launch cryptocurrency payment services nationwide. The service is currently live in 100 stores, supporting payments with over 100 cryptocurrencies and stablecoins, with plans to expand to 300 stores in the coming months.

According to André Scherrer, Managing Director of Spar Switzerland, cryptocurrency payments can save merchants up to two-thirds of transaction fees compared to traditional card payments. After users complete the payment by scanning a QR code through the Binance Pay app, the funds will be automatically converted to Swiss francs.