29 Oct '16, 6am

Swiss rail service to sell Bitcoin at ticket machines

Swiss rail service to sell Bitcoin at ticket machines

Switzerland's national rail service (SBB) said Friday it was set to launch a new service selling the digital currency Bitcoin at all ticket machines across the country. The SBB said it had been testing customer demand for Bitcoin across the wealthy Alpine federation and decided to launch a two-year pilot project beginning on November 11. "Until now, there have only been limited opportunities to purchase Bitcoin in Switzerland," the rail service said in a statement. It said that it would use its network of 1,000 ticket machines to let customers swap other currencies for Bitcoin, provided they give a mobile phone number for identification. Swiss financial services company SweePay is providing the electronic conversion services. Transactions will be capped at 500 Swiss francs ($500, 460 euros) each but SBB stressed customers will not be allowed to buy tickets with the e-money...

Full article: http://www.france24.com/en/20161028-swiss-rail-service-se...

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Image copyright Getty Images Image caption Swiss travellers will be able to swap their francs for Bitcoins at railway tick...

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Image copyright Getty Images Image caption Swiss travellers will be able to swap their francs for Bitcoins at railway tick...

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