Partnership Unlocks BTC and ETH Payments for 85,000 Swiss Merchants

Bitcoin Suisse, a Zurich-based crypto-financial service provider is partnering up with European payments firm Worldline. The partnership unlocks Bitcoin and Ethereum payments for 85,000 merchants in Switzerland as easily as with other traditional payment options.

The new service is called WL Crypto Payments, and it lets merchants accept Bitcoin and Ether as a payment option at the point-of-sale (POS) and in e-commerce.

Merchants can easily download the WL Crypto Payments mobile app or conveniently install a payment plugin for their e-commerce site.

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.

Worldline Switzerland CEO Marc Schluep commented:

“The launch of cryptocurrencies acceptance at the POS in Switzerland is a great proof of our ambition: Worldline wants to bring tangible value to merchants across the globe and to facilitate smooth and modern payments in all the markets we operate in. We’re happy to collaborate with Bitcoin Suisse on this forward-looking project.”

Bitcoin Suisse CEO Dr. Arthur Vayloyan added:

“This is a historic milestone for crypto adoption in Switzerland and beyond. It is a great pleasure working together with Worldline to bring user-friendly crypto payments to the market in Switzerland. 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.