Swiss Railway Service to Sell Bitcoin
The operator of a national railway service in Switzerland will begin selling bitcoin through its ticket kiosks starting next month. SBB quietly unveiled the service on its website, set to begin on 11th November. Customers, who need to have a QR-code enabled bitcoin wallet and a valid Swiss mobile phone number, will be able to buy between CHF 20 and CHF 500 (up to roughly $500). Representatives for SBB did not immediately respond to a request for comment. But according to Swiss business newspaper Der Bund, SBB representatives confirmed the service, saying that it was working with a local....
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In a first, the operator of Switzerland’s national railway service will start selling bitcoin on its ticket machines. Schweizerische Bundesbahnen or the SBB, Switzerland’s national railway operator, will allow customers to trade Swiss francs for bitcoin using its ticket kiosks. Unveiled on its website, the service will enable cryptocurrency adopters or first-time users to buy bitcoin between 20 CHF to 500 CHF. That’s approximately between $20-$503 USD, per transaction. Customers will be need to have a mobile wallet and a Swiss phone number, the requirements read, with an accompanying guide....
Swiss railway system SBB will soon offer Bitcoin sales through its train ticket machines. On November 11 those with a Switzerland-based phone number and a QR readable wallet will be able to purchase the cryptocurrency from associated stations. Switzerland’s National SBB Railway Sells Bitcoin. The SBB railway service has one of Europe’s busiest....
One month after Switzerland’s national railway company SBB/CFF/FFS surprised everyone by allowing every single one of their ticket machines to sell bitcoin to anyone with a Swiss phone number, we followed up to see how it has been going for SBB and its customers. At the end of October, the Swiss rail service SBB released a statement that they were to....
Swiss railways has announced its plans to start selling Bitcoin in association with SweePay on its ticket machines. Switzerland has always been a step ahead of the world when it comes to financial matters. During the undisputed reign of fiat currency, Swiss banks made a name for themselves by valuing the privacy of its customers. While the banking industry has changed since then, the country is now increasingly focusing on Bitcoin and cryptocurrency technology. As the country continues to attract cryptocurrency businesses, it has started to take steps towards increasing digital currency....
Its national railway service may have already jumped on the bitcoin bandwagon, but Switzerland is taking a slower approach as it looks to regulate digital currencies and fintech. Days after Swiss rail operator SBB made international headlines for the decision to sell bitcoin through its network of ticket kiosks, the country’s Federal Department of Finance (FDF) outlined its plans to regulate fintech with an eye to introduce legislation sometime next year. Key elements include plans for a new kind of license geared specifically toward fintech companies and a so-called regulatory “sandbox”....