Swiss rail operator to sell bitcoins at its ticket machines | Reuters

ZURICH Switzerland’s national railways firm SBB is branching out next month with the launch of a new service on its ticket machines to sell bitcoins, the web-based digital currency.

Beginning Nov. 11, customers will be able to trade Swiss francs for bitcoins using the ticket machines in a two-year experiment that will test Switzerland’s appetite for the cryptocurrency, the state-owned company announced on Friday.

“There have been few possibilities to obtain bitcoins in Switzerland until now,” SBB said. “With its 1,000-plus ticket machines, SBB operates a dense, around-the-clock distribution network that’s suited for more than just ticket sales.”

SBB is working with Zug-based digital payments firm SweePay to allow customers to top up their digital ‘bitcoin wallet’ accounts by mobile phone. Customers can exchange anywhere between 20 and 500 Swiss francs ($20-503) per transaction.

SBB will act as distributor, while the exchange will be performed by SweePay and require users to hold an account with a wallet service that allows storage of the digital currency.

Bitcoin is known for allowing users to move money across the world quickly and

Read more ... source: TheBitcoinNews

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