Major Swiss retailer accepts crypto

Digitec Galaxus AG is now accepting ten different cryptocurrencies for orders from its online shops. The Switzerland-based online retailer, which owns both Digitec and Galaxus, has a yearly revenue of one billion dollars. Depending on the results on the Swiss market, the shops will also start accepting crypto payments from German consumers.

When shopping on either Digitec or Galaxus, consumers need to put a product into their virtual basket, go to the check-out process and select cryptocurrencies as a payment option. The exchange rate will be fixed for 15 minutes, and the page will display a QR-code.

Digitec Galaxus AG is not charging any fees for their crypto payments. However, Coinfy is the payment processor. They will be charging a conversion fee of 1.5 percent of the purchase amount.

The Swiss online retailer is currently accepting the following coins: bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), ethereum (ETH), XRP, binance coin (BNB), litecoin (LTC), tron (TRX), OmiseGo (OMG) and NEO. That means that from the top ten coin by market cap both EOS and Stellar Lumens (XLM) are missing. The lack of coins with privacy features like Monero (XMR), DASH, and Zcash (ZEC) is also something that’s notable.

Digitec Galaxus AG believes there’s a future for cryptocurrencies, and they want to support the development of this brave new world. Commercially they want to attract a younger generation and tech-savvy individuals.

Originally published at NEDEROB.