Cryptocurrency payments are coming to new conspicuous consumer outlets in Switzerland and Italy thanks to a new payment platform from the Crypto Valley startup scene.
Bitcoin ‘Back As Medium Of Exchange’
As local Swiss news outlet Finews reported March 27, Bitcoin and Ether payments will come to the five-star Dolder hotel and Autohaus Kessel car dealer in May.
Dolder is located in the Swiss financial hub Zurich, while Kessel has a presence in the Zug, Crypto Valley’s hometown, and also has outlets across the border in northern Italy.
The outlets will accept cryptocurrency payments via Inapay, a smartphone-based payments app from Zug-based Inacta with contributions from Swiss finance platform Bity.
An initial launch is scheduled within the next two months, Dolder and Kessel representing the first wave of takers before further merchants appear on Inapay later in the year.
Commenting on the news, Lucas Betschart, Inacta’s head of crypto asset technology and president of industry group Bitcoin Association Switzerland,…