Global grocery giant Spar is launching stablecoin and cryptocurrency payments across 300 Swiss supermarkets, in a partnership with Binance Pay and DFX.swiss. This initiative is touted as Switzerland’s first nationwide rollout of digital asset payments in the retail sector. The service is already operational in 100 Spar locations and will be extended to the remaining stores in the following months, although there is no confirmed timeline for the full rollout. Customers can pay using over 100 cryptocurrencies and stablecoins, which will be converted to Swiss francs at the time of payment through a QR code scanning method via the Binance Pay App. André Scherrer, the managing director at Spar Switzerland, highlighted the potential savings from crypto payments, estimating that merchants could save up to two-thirds of traditional card commission fees. This move aligns with the rising customer demand for smart wallet payment solutions, indicating a growing acceptance of cryptocurrency in mainstream retail. The recent adoption follows other initiatives in Switzerland, which is known for being a crypto-friendly jurisdiction.

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