Swiss SPAR Supermarket Now Accepts Bitcoin, Ethereum, and Over 100 Other Crypto for Payments
Jakarta, Pintu News – Arecent announcement from SPAR Switzerland has brought good news for cryptocurrency users. Through a partnership with KuCoin Pay and Binance Pay, more than 100 SPAR supermarkets across Switzerland now accept cryptocurrency payments.
This move not only expands existing payment options but also marks a significant milestone in crypto adoption in the retail sector.
KuCoin Pay Expansion in Switzerland
KuCoin, one of the global crypto exchanges, has announced that KuCoin Pay is now available for everyday transactions at over 100 SPAR supermarket locations across Switzerland. The integration was facilitated by DFX.swiss, a Swiss-based financial services provider.
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KuCoin Pay allows customers to pay with cryptocurrency without gas fees and offers instant settlement in fiat currency to merchants, protecting them from price volatility.
The ability to use US dollar-backed stablecoins is an important feature for users looking to avoid volatility. It shows the growing trend of using stablecoins in real-world impact, as explained by Raymond Ngai, Chairman of KuCoin Pay.
National Crypto Payment Launch by SPAR
SPAR, the global supermarket chain, has enabled crypto and stablecoin payments across its Swiss network. The initiative, which is a partnership with Binance Pay and DFX.swiss, allows customers to pay with more than 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and leading stablecoins.
The service is already live in 100 SPAR stores, with plans to expand to other locations in the coming months. This initiative marks the first nationwide launch of crypto payments in the Swiss grocery retail sector.
By introducing crypto payments at checkout, SPAR is putting itself at the forefront of digital payments, a move that could inspire further adoption among other retail giants.
Competition and Opportunities in the Swiss Market
Although crypto adoption in retail faces a highly competitive market in Switzerland, where the mobile payment app TWINT dominates with over 6 million users, SPAR and KuCoin Pay offer an attractive alternative.
TWINT, with its deep integration into the Swiss banking system and wide acceptance, represents a significant hurdle for new payment solutions.
However, Switzerland offers a very favorable environment for crypto spending. For personal investors, gains from crypto are generally tax-free, and the use of crypto for purchases does not typically trigger a capital gains tax event. This makes Switzerland an ideal location for the global expansion of KuCoin and other initiatives in the crypto ecosystem.
Overall, SPAR and KuCoin’s move to expand crypto payment options in Switzerland not only strengthens their position in the market but also shows the huge potential of cryptocurrencies in everyday life.
The partnership is expected to increase consumer confidence and pave the way for wider integration of blockchain technology in the retail sector.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinspeaker. KuCoin to Enable Crypto Payments for SPAR. Accessed on September 19, 2025
- CryptoDnes. SPAR Launches Switzerland’s First Nationwide Crypto Payment Rollout. Accessed on September 19, 2025
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