Global Adoption

Global Retail Giant Spar Introduces Bitcoin Payments via Lightning Network

Spar, one of the world’s most popular retail franchises, has accepted Bitcoin as a form of payment at a supermarket in Zug, Switzerland, according to a recent announcement from DFX.swiss, a Swiss-based company that facilitates the implementation. DFX.swiss-developed payment solution enables customers to pay directly at checkout using Bitcoin via LNURL, an open peer-to-peer standard for in-person crypto payments. 

LNURL (Lightning Network URL) is a protocol that simplifies interactions on the Bitcoin Lightning Network. It enables seamless payments, withdrawals, and authentications through encoded URLs or QR codes. Footage shared by Rahim Taghizadegan, an Austrian-Iranian economist and Bitcoin advocate, shows that customers can now opt to pay with Bitcoin directly at the checkout terminal through scanning a QR code with their phones and completing the payment in just a few seconds.A key player in European retail with over 13,900 stores across 48 countries, Spar has operated for more than six decades, serving over 14 million customers daily.

With its move into crypto, the popular brand is now part of Switzerland’s growing list of over 1,013 businesses already embracing Bitcoin, according to BTCmap. Taghizadegan said it was Spar’s first crypto payment implementation in the country, but it may not be the last. If enough people use it, it may be rolled out in the whole country,” said Taghizadegan. Switzerland is recognized as one of Europe’s most crypto-friendly jurisdictions. Backed by a clear and supportive regulatory framework, the country has become a hub for DeFi projects and digital asset funds.

Since December 2024, Lugano, a Swiss city, has allowed residents and businesses to pay for municipal services and taxes using Bitcoin and Tether. Payments are enabled via a Swiss QR-bill backed by Bitcoin Suisse’s automated system. Switzerland is among the most tax-advantaged European countries for private crypto investors, as capital gains are tax-free and only a small wealth tax applies.

Terron Gold

Recent Posts

Tether Blacklists 370 Wallets and Freezes Over $514 Million in USDT in Just 30 Days

Stablecoin giant Tether has dramatically escalated its enforcement activity after blacklisting 370 blockchain addresses and freezing approximately $514.64 million worth…

4 days ago

Coinbase Suffers Major Trading Outage After AWS Infrastructure Failure

Crypto exchange giant Coinbase experienced a major service outage that disrupted trading, transfers, and exchange operations after…

4 days ago

LayerZero Issues Public Apology After $292 Million Kelp DAO Exploit

Cross-chain messaging protocol LayerZero has publicly apologized for its handling of the massive Kelp DAO exploitthat drained approximately $292…

4 days ago

PayPal and Google Say AI-Driven Commerce Will Run on Crypto Rails

Executives from PayPal and Google Cloud said the future of “agentic commerce” — where AI agents autonomously buy goods,…

4 days ago

Kraken Parent Company Applies for Federal OCC Banking Charter

Crypto exchange giant Kraken is making a major move deeper into the U.S. financial system after its…

4 days ago

Taiwan News Anchor Indicted in Crypto-Funded Chinese Propaganda and Military Bribery Scandal

A major national security scandal has erupted in Taiwan after prosecutors indicted a Taiwanese news…

5 days ago