Swiss railway operator to sell Bitcoin at ticket machines

Travelers on Switzerland's railways will soon be able to buy Bitcoin at more than 1000 ticket machines.

  13 1 comment

Swiss railway operator to sell Bitcoin at ticket machines

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The country's national rail service, SBB, will start selling the cryptocurrency at all machines next month under a deal with SweePay.

SBB says that it has made the move following two years of investigation into whether there is market for selling Bitcoin.

Travellers will be able to buy up to CHF500 in the currency, using a QR-code-based wallet and providing their mobile phone number for identification.

However, the machines will not accept Bitcoin as payment for tickets.

Sponsored [Report] The US Instant Payments Landscape: Navigating Growth and Challenges

Related Company

Keywords

Comments: (1)

Ketharaman Swaminathan

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

"However, the machines will not accept Bitcoin as payment for tickets." Reminds me of a leading electronics chain in Germany. It launched a cobranded credit card for branding but wouldn't accept it at its own stores!

[New Report] Risk-based Authentication: Enhancing Security and User Experience in Fraud PreventionFinextra Promoted[New Report] Risk-based Authentication: Enhancing Security and User Experience in Fraud Prevention