Swiss Railways to Start Selling Bitcoin via Ticket Machines in November

Swiss Federal Railways (SBB), the national railway company of Switzerland, has announced it will be selling Bitcoin at all SBB ticket machines. Travelers will be able to purchase the digital currency via their smartphone by simply scanning a QR code displayed on ticket machine.

The new functionality will go live on all ticket machines on November 11, 2016. Travelers will be allowed to purchase Bitcoin worth up to CHF 500, with a minimum purchase as low as CHF 20, at 794+ SBB railway stations across the country.

SBB ticket machines only accept hard currency, “You cannot top up Bitcoin by credit card,” states SBB.

Images via SBB

Bitcoin-buyers will be verified with an SMS message, which will contain a security code that is necessary to complete the transaction. Only Swiss mobile phone numbers will be allowed to purchase digital currency at SBB ticket machines, according to the announcement.

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1 comment :

  1. A very forward looking expression of faith in cryptocurrency.
    We will see this type of implementation happening around the world over the coming years as other countries play 'catch up'.