Switzerland’s National Railways Operator Will Sell Bitcoin

In a first, the operator of Switzerland’s national railway service will start selling bitcoin on its ticket machines.
Schweizerische Bundesbahnen or the SBB, Siwtizerland’s natoinal rwailways operator, will allow customers to trade Swiss francs for bitcoin using its ticket kiosks. Unveiled on its website, the service will enable cryptocurrency adopters or first-time users to buy bitcoin between 20 CHF to 500 CHF. That’s approximately between $20-$503 USD, per transaction.
Customers will be need to have a mobile wallet and a Swiss phone number, the requirements read, with an accompanying guide on SBB’s website to help first-time users choose a bitcoin wallet. The benefits, as listed by the railways operator, points to bitcoin as a currency that can be used worldwide, with ‘very low’ transaction fees and an increasing rate of acceptance of the cryptocurrency around the world (the website lists the number as 10,000 locations worldwide).

This post was published at Crypto Coins News on 28/10/2016.