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Spar Store in Switzerland Now Accepts Bitcoin Payments

Spar, the well-known international grocery store chain, is now accepting Bitcoin payments at one of its stores in Switzerland. The store is located in Zug, also known as Crypto Valley. This could be an important step toward using Bitcoin in everyday shopping. Spar Provides A New Way to Pay On April 17, DFX Swiss, a company that helps people switch between crypto and cash, shared the news on LinkedIn. The company also announced that the Zug Spar store is now live on BTC Map, a website that shows where Bitcoin is accepted around the world. The payment system is powered by a new tool called OpenCryptoPay. The tool uses LNURL technology, part of the Lightning Network. Customers scan a code using their crypto wallet app or scan a QR code at the checkout to complete their payment. Rahim Taghizadegan, director of the Bitcoin Association Switzerland, even posted a video to show how quick and easy the payment process is. Spar May Expand Bitcoin Payments Zug is known as Crypto Valley because many blockchain and crypto companies are based there. It makes sense that Spar chose this city to test the new payment system. The grocery chain has more than 13,900 stores in 48 countries. It serves about 14.7 million shoppers every day. If this payment system in Zug becomes popular, Spar may expand it to more stores across Switzerland. It could also bring Bitcoin payments to its stores around the world. This could help many people become more familiar with using cryptocurrency. Other Stores Are Also Accepting Bitcoin This is not Spar’s first move in this direction. In 2014, a Spar store in Arnhem, Netherlands, joined a project called Bitcoincity and started accepting Bitcoin. Pick n Pay, a leading grocery chain in South Africa, began accepting Bitcoin in 2023. After a successful test, the grocery store added Bitcoin payments to all 1,600 stores. Now, shoppers spend over $50,000 in Bitcoin monthly at these stores. Big American brands like Whole Foods, Starbucks, and Subway have also started accepting crypto payments . They use apps like Spedn, which change crypto into regular money at checkout. This development is not only happening in grocery stores. Banks, crypto companies , and schools are also starting to accept Bitcoin for payments . This shows that cryptocurrency is becoming more useful in daily life. Digital assets are no longer considered risky investments but a growing part of digital finance. The post Spar Store in Switzerland Now Accepts Bitcoin Payments appeared first on TheCoinrise.com . CoinOtag

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Synthetix officially launches sUSD 420 Pool to tackle ongoing stablecoin issues

Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X , the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63. The decline has been linked to recent protocol changes under Synthetix Improvement Proposal 420, which introduced a protocol-owned staking pool and lowered the collateralization ratio for minting sUSD from 500% to 200%. ???? The sUSD 420 Pool is launching with rewards starting in 36 hours ???? SNX stakers in the 420 Pool can deposit sUSD to earn a share of 5m SNX over 12 months – or 13,698.6 SNX daily ???? [1/5] pic.twitter.com/Xy5QUPthK9 — Synthetix ⚔️ (@synthetix_io) April 18, 2025 This change has caused a significant increase in sUSD supply, outpacing demand and leading to imbalances in decentralized exchange pools like Curve, where sUSD now makes up over 90% of some liquidity pairs. You might also like: SHIB whales eye new viral crypto as 10,000% rally predictions surface Locked and staked SNX The new 420 Pool requires SNX stakers to lock their sUSD for a year to earn daily SNX rewards. Those rewards will also be locked and vest over three months after the campaign ends. While official front-end support for the program launches next week, early access is available via Synthetix’s Discord. Synthetix has called the current phase a “transition period” and plans to support sUSD through additional incentives and new use cases, including the upcoming Snaxchain initiative. You might also like: Solana price steady above key support as active addresses, fees jump CoinOtag