Bitcoin Suisse, based in Zurich, is collaborating with European payments firm Worldline to enable instant Bitcoin (BTC) and Ethereum (ETH) payments for 85,000 Swiss merchants.
According to a Worldline press release, the new service, WL Crypto Payments, allows merchants to accept BTC and ETH payments at the point of sale and in e-commerce.
Merchants can install the WL Crypto Payments mobile app or a payment plugin on their websites to allow customers to pay using their preferred mobile crypto wallet apps.
According to Worldline, crypto transactions will be securely converted into Swiss Francs immediately after payment confirmation, potentially reducing a merchant’s exposure to volatility risks.
According to Dr. Arthur Vayloyan, CEO of Bitcoin Suisse, the collaboration will bring user-friendly crypto payments to the Swiss market.
“This is a watershed moment for cryptocurrency adoption in Switzerland and beyond… This step demonstrates once again that Switzerland is a pioneer in the crypto and blockchain industries and a leader in collaborative innovation.”
Multiple Swiss banks have added crypto trading support this year, with Bordier & Cie SCmA, one of the country’s oldest banks, launching support for BTC, ETH, Bitcoin Cash (BCH), and Tezos (XTZ) in February.
After six months of testing, BBVA Switzerland also launched Bitcoin trading and custody for its private banking clients in June.