According to the SBB, a customer just needs a bitcoin wallet and a Swiss mobile phone number to buy bitcoin from railway ticket machines. Customers can buy bitcoins for as low as CHF 100 (Rs 8,068) and go up to CHF 500 (Rs 40,343) and the service will be available to them round the clock.
SBB customers can also buy and store bitcoin offline in a paper wallet.
Although the project started earlier, many travelers are now able to trade Swiss francs for bitcoins through these machines. According to a report by CoinQuora, an online publication, the machines can make payments in bitcoin, but for the time being they will not accept payments made in cryptocurrencies.
The Swiss railway company said bitcoin is already accepted in more than 10,000 locations around the world and is a great way to make fast and easy payments without the need for any credit cards or bank details.
Bitcoin has proven to be a very volatile coin. But despite its extreme volatility, bitcoin has gained tremendous popularity since its launch in 2009 and is the most widely adopted coin worldwide. The price of bitcoin in India was hovering around Rs 44 lakh at the time of writing the news. It has continued to rise for the past several days and this cryptocurrency is steadily moving towards a new record.
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