Binance has announced that its Binance Pay platform will now accept stablecoin and cryptocurrency payments at 300 Spar supermarkets across Switzerland. This development is facilitated through a partnership with DFX.swiss, as revealed in a public statement.
According to Cointelegraph, this initiative represents the first nationwide rollout of cryptocurrency and stablecoin payments in Swiss supermarkets. It is already operational in over 100 Spar locations and is expected to expand to 300 stores in the coming months. This marks a significant step forward for digital asset usability in mainstream retail, allowing grocery shopping across an entire national network in Switzerland using more than 100 supported cryptocurrencies.
Binance’s announcement indicates that customers can pay with over 100 cryptocurrencies, including euro- and dollar-backed stablecoins, via the Binance Pay app without incurring gas fees. At checkout, shoppers scan a QR code provided by DFX.swiss, which handles the conversion process. This enables payments to be instantly converted into Swiss francs or another currency upon request, ensuring that Spar receives fiat while supporting crypto transactions.
André Scherrer, managing director of Spar Switzerland, said that merchants using crypto payments through Binance Pay and DFX.swiss could save up to two-thirds on commission fees compared to traditional card payments. The system is described as “gas-free,” eliminating additional transaction costs and reducing friction for both merchants and customers. This adoption reflects a shift toward more efficient and cost-effective checkout options in retail.
Binance is recognized as one of the world’s largest cryptocurrency exchanges and digital asset platforms. Since its inception in 2017, it has expanded its services globally to millions of users, offering spot and derivatives trading, staking, savings, and Binance Pay—a contactless, borderless, secure cryptocurrency payment technology.
