World-Renowned Swiss Banking System is Charmed by Bitcoin

'Crypto Valley' in Zug, Switzerland, has decided that the use of bitcoin for Swiss Federal Railway's tickets payment will be permanent. Plus, the city council will look into more bitcoin payment implementations in other areas of Swiss Municipal services.

See article: " Zug, Switzerland Makes Bitcoin Payment ‘Permanent’ " on bitcoinist.com.

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Positive Bitcoin Experiment

Since July, commuters could use bitcoin to pay for their ticketing fees. It was a pilot program to test the feasibility of implementing bitcoin technology into the people's everyday life. The result of the experiment is out:

"[...] a worthwhile experience for us to install and test the technology for bitcoin payments [...]" stated President Dolfi Müller.

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Physical Bitcoin-Accepting Stores in Zug

At present, Swiss can use bitcoin to pay for dentist services, trust services, and some municipal services. To add, as of last month, Swiss can go to any of the Swiss Federal Railway ticket machines to purchase bitcoin. It is fuss-free. All that is needed is a bitcoin wallet and a local mobile number.

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Beyond Swiss Banking Secrecy

Switzerland is well-known for it banking secrecy. And now it is even more synonymously in line with secrecy as bitcoin is implemented into the Swiss' payment options.

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'Crypto Valley' is also aiming to be at the forefront of technologies. They will be looking to implement e-Government blockchain services in time to come.

"With Bitcoin, we’re sending a message [...] Zug wants to get out in front of future technologies."- Müller

To sum it up, I can only say that bitcoin really has its charm.

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