Crypto Payment Solution now available to 85,000 merchants in Switzerland


On August 19, Worldline in collaboration
with Bitcoin Suisse has announced the go-live of their omnichannel crypto
payment solution for the more than 85,000 Swiss merchants and their customers in
the Worldline network.
From now on all dealers in Switzerland
using the Worldline point-of-sale and e-commerce payment services can let their
clients pay in Bitcoin and Ether as easily as with other traditional payment
options.
CEO of Worldline Switzerland Marc
Schluep stated, “The launch of cryptocurrencies acceptance at POS in
Switzerland is a great proof of our ambition: Worldline wants to bring tangible
value to merchants across the globe and to facilitate smooth and modern
payments in all the markets we operate in. We’re happy to collaborate with
Bitcoin Suisse on this forward- looking project.”
The combined service named WL Crypto
Payments, is the greatest advantage for Swiss merchants and their customers as
payments with cryptocurrencies become broadly available to them. The
collaboration offered by Worldline, the European leader in the payments and
transactional services industry and Bitcoin Suisse, the Swiss market leader in
crypto-financial services, lets Swiss merchants accept ETH and BTC as a payment
option at the point-of-sale (POS) and also in e-commerce.
Dr. Arthur Vayloyan,CEO of Bitcoin
Sussie commented, “This is a historic milestone for crypto adoption in
Switzerland and beyond. It is a great pleasure working together with Worldline
to bring user- friendly crypto payments to the market in Switzerland. This step
proves once again that Switzerland is a leader in collaborative innovation and
a pioneer in the crypto and blockchain industry.”
First announced in November 2019, the
‘WL Crypto Payments’ project between Worldline and Bitcoin Suisse, proved to be
a successful pilot program, prior to the recent roll- out.
According to Worldline's statement, this
process is absolutely safe from volatility risks. The cryptocurrencies which
will be used for payments, convert into CHF after confirmation of the payments.
Merchants associated with Worldline need
to download the WL Crypto Payments app. After downloading, any traditional POS
and e-commerce services from Swiss merchants can start accepting crypto payment
solution right away. The latest expansion from Worldline and Bitcoin Suisse
falls in line with the Switzerland’s crypto progressive course of action.
Meanwhile, the European payment giant is
also planning to increase its presence in Greece with the acquisition of
Cardlink. Worldline called the biggest agreement as a strategic opportunity for
them to expand the company’s merchant services business in the Greek market.

Joyashree Dey
CBW - External Analyst
INDIA