Swiss railway operator to sell bitcoin at ticket machines

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Swiss railway operator to sell bitcoin at ticket machines

Investing | November 4, 2016 By:

SBB has announced that customers will be able to obtain bitcoin through its ticket machines.

The company explains on its website how to top up a bitcoin wallet using any SBB ticket machine. Users simply select “mobile top up” and select bitcoin on the kiosk’s interface. Then users scan their wallet’s QR code and select the amount they’d like to purchase. After confirming the amount, Swiss residents must provide a valid phone number and then a security code (mTAN) it sends to the phone.

While details are currently scarce, Swiss publication Handels-Zeitung reveals that the SBB will sell the cryptocurrency among its ticketing machines – of which there are over a 1000 – over the next two years. The new offering to sell bitcoin will launch as soon as November 11, developed in partnership with SweePay, a Zug-based digital payments firm.

SBB is the operator of a national railway service in Switzerland.