The largest Swiss-regulated financial intermediary and pioneer in crypto-financial services – Bitcoin Suisse – has just announced its partnership with European leader in payments and transactional services provider Wordline.
Recently announced, Bitcoin Suisse and Wordline have signed a letter of intent for a partnership that will provide cryptocurrency payment services to Swiss merchants and consumers both in-store and online.
As one of the oldest and largest crypto financial services provider, Bitcoin Suisse has developed extensive in-house technical and crypto-financial expertise through its more than 6 years of experience in trading, brokerage and storage for cryptocurrencies.
According to the reports, the main goal of this partnership is to augment the existing payment service network of Worldline with cryptocurrency payment capabilities as well as promote and encourage the adoption of cryptocurrency on a larger scale across a wide range of businesses and industries. Further details about the partnership will be revealed at the upcoming Swiss Payments Forum in Zurich.
Upon the announcement, Dr. Arthur Vayloyan – CEO of Bitcoin Suisse – commented:
“Our partnership with Worldline is an incredible step forward on the journey to bring crypto payments into broader adoption. Bitcoin Suisse is proud to serve as the processor of cryptocurrencies in Worldline’s payment service system. We applaud them for their pioneering spirit in taking this monumental step and pointing the way forward for others.”
As noted in the press release, the new system will be available for all users on SIX Payment – Worldline’s nationwide payments infrastructure. Currently, there are 65,000 Swiss merchants who are using the SIX Payment Services. Equipped with cryptocurrency payment capabilities, the traditional network will be expanded to promote the use of the new asset class at a mass scale, in-store and online.
In addition to that, it is noted that the service will be intuitive and easy to use for both staff and consumers. Payouts to merchants will be made in Swiss francs or Euros and the transaction figures will be fully integrated into the merchant reports like any other card or wallet.
Marc Schluep, CEO of Worldline in Switzerland, added that as a market leader, the company had a reputation to introduce latest payment functionalities that boost the customer journey as well as increase efficiency and profitability for its merchants. He further stated that due to the new partnership with Bitcoin Suisse, their client base could benefit from an entirely new offering without taking any conversion risk.
In the event of a successful launch in Switzerland, Worldline will roll out its new cryptocurrency payment service across Europe.
Meanwhile, this partnership aims at strengthening the leading position of Switzerland and as a result establishing the country as a strong center in the crypto-financial services industry. Nonetheless, there are currently over 800 companies developing blockchain solutions or providing services to crypto and companies in Switzerland.