Global retail chain SPAR is testing cryptocurrency payments in Switzerland

PANews reported on April 18 that global retail chain SPAR is testing cryptocurrency payments in Switzerland, according to Bitcoin.com. The retail group, which has more than 13,900 stores in 48 countries in Europe, Asia, Africa and Australia, was recently revealed that its store in Zug, Switzerland has accepted Bitcoin payments through the Lightning Network.

The test marks one of the largest attempts to pay cryptocurrency by large retail chains. SPAR's move shows its interest in serving a growing community of cryptocurrency holders and its willingness to explore digital payment methods. Industry insiders expect the trial will provide an important reference for evaluating the feasibility and customer needs of cryptocurrency payments in mainstream retail environments.