Merchants in Switzerland can now accept cryptocurrencies as a means of payment for goods and services, following a deal between one of Europe’s leading payment providers, Worldline, and crypto finance and technology pioneer Bitcoin Suisse.
In a press release announcing the launch of the omnichannel payment solution on Thursday (Aug. 19), Worldline Switzerland CEO Marc Schluep said the company “wants to bring tangible value to merchants across the globe and to facilitate smooth and modern payments in all the markets we operate in.”
The integrated service, called WL Crypto Payments, was first announced in November 2019, and was followed by a successful pilot program conducted by the two companies. Today, the service will support the expansion of crypto adoption at the point-of-sale (POS) and eCommerce gateways in Switzerland, particularly for Worldline’s network of more than 85,000 Swiss merchants.
Business owners can accept Bitcoin and Ether as a payment option, paid through clients’ mobile-crypto-wallet application. Clients will have the option to convert the merchant-listed price from Swiss franc to either one of the virtual currencies, and the merchant will receive an instant confirmation when the crypto payment is made.
According to the release, merchants will be shielded against volatility, “as the crypto transaction is securely converted into Swiss francs straight after payment confirmation.”
In June, PYMNTS reported on Worldline’s efforts to provide shoppers with a secure, seamless payment experience as well as to help retailers optimize the layout of their stores and increase throughput capacity.
This was done via a partnership with Toshiba Global Commerce Solutions, a global market leader in retail store technology, and unveiled the Pro-X Hybrid Kiosk to market with payments processed via the Worldline LANE/3000 Terminal.