31 Oct '16, 7pm

Switzerland's national rail service will sell Bitcoin through its 1,000 ticket machines

Switzerland's national rail service will sell Bitcoin through its 1,000 ticket machines

Switzerland's national railways firm SBB has announced it will be running a two-year experiment to gauge interest in Bitcoin. Starting November 11, customers will be able to trade Swiss francs for the crypto currency through its network of more than 1000 ticket machines. "There have been few possibilities to obtain bitcoins in Switzerland until now," SBB said. "With its 1,000-plus ticket machines, SBB operates a dense, around-the-clock distribution network that's suited for more than just ticket sales." Swiss Railways has partnered with Swiss payments company SweePay, which will act as the intermediary for Bitcoin purchases on SBB ticket machines. Transactions will be capped at 500 Swiss Francs each — which converts to around £415 / $500 — and while Bitcoin transactions are known to be made relatively anonymously, those buying from SBB ticket machines will need to identify...

Full article: http://www.techspot.com/news/66868-switzerland-national-r...

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