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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 . BitcoinSistemi

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‘We Shouldn’t Be Tapping Out Just Yet’: Guy Turner Says Crypto Bear Market Not Starting Soon – Here’s His Outlook

A widely followed crypto analyst says that investors should continue hanging on as we are nowhere near the start of the next crypto bear market. In a new video update , Guy Turner, the host of Coin Bureau, tells his 2.66 million YouTube subscribers that the markets are still way too bullish for traders to be thinking about a bear market starting anytime soon, despite the industry taking a “pounding” recently. According to Turner, we’re still very much in Bitcoin ( BTC ) season as BTC dominance is still on the rise. He notes that when it comes time to flip to altcoin season, which appears to be coming soon, the top 10 altcoins by market cap will likely see the most inflows. “Bitcoin dominance continues to climb… Taking a look at the altcoin season indicator, we’re still clearly in Bitcoin season, but you’ll also notice that we’re also at levels where this trend has historically reversed, with more money flowing into altcoins. In our opinion, the altcoins that will see the most investment will likely be those in the top 10 by market cap, although this also means that the potential gains will be significantly lower.” The crypto king is trading for $84,542 at time of writing, a fractional increase on the day, while its dominance level currently sits at 63.9%. Turner goes on to say the regulatory turnaround by the US on digital assets will also greatly bolster the industry, both in retail and institutional trading, so traders shouldn’t think about giving up yet. “Crypto regulators in the US have become much friendlier to the industry thanks to the pro-crypto stance taken by the Trump administration… We believe that this will help to attract a broad range of investors to the crypto market over time, be they retail or institutional investors, and this is also why we believe that although the market has been taking an absolute pounding lately, we shouldn’t be tapping out just yet… The overall picture is still too bullish for us to be concerned about a bear market starting anytime soon.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/intueri/LongQuattro The post ‘We Shouldn’t Be Tapping Out Just Yet’: Guy Turner Says Crypto Bear Market Not Starting Soon – Here’s His Outlook appeared first on The Daily Hodl . BitcoinSistemi