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Swiss Supermarket Giant Spar Prepares to Launch Bitcoin Payments! Here Are the Details

Spar supermarkets across Switzerland are preparing to launch Bitcoin payments following successful pilots at two locations. Spar to Launch Bitcoin Payments Across Switzerland Backed by crypto payment provider DFX Swiss, the initiative allows customers to pay with Bitcoin over the Lightning Network using OpenCryptoPay, a peer-to-peer platform designed for seamless face-to-face transactions. Spar`s Zug store first tested the system at the beginning of this month, and the second store in Kreuzlingen joined in shortly afterwards. “Zug was just a prototype store, we will soon expand it to all of Switzerland,” OpenCryptoPay said in a statement on X (formerly Twitter). The expansion makes Spar one of the first major supermarket chains in Switzerland to integrate direct Bitcoin payments at scale. BTC Map, a community-generated directory of businesses that accept cryptocurrencies, has listed participating Spar stores. “Scan a fixed QR code, send sats, instant and easy registration by the cashier,” said Rahim Taghizadegan, director of the Bitcoin Association Switzerland, after testing the payment experience. The move reflects the growing trend of cryptocurrency adoption in Switzerland, amid national debate over the role of Bitcoin in the country`s financial system. At the recent annual shareholders meeting of the Swiss National Bank (SNB), President Martin Schlegel reiterated that Bitcoin is too volatile to be considered for Switzerland’s official currency reserves. Meanwhile, a citizen-led initiative aims to amend the Swiss Constitution to require the Swiss National Bank to hold Bitcoin alongside gold. If the initiative gathers 100,000 signatures, the proposal could be put to a national referendum. With Spar’s move, Switzerland’s growing reputation as a “crypto nation” is gaining even more momentum. According to BTC Map data, more than 600 businesses across the country accept Bitcoin. Municipalities like Zug and Lugano are leading the way by accepting Bitcoin and stablecoins for public services since 2020 and 2022, respectively. *This is not investment advice. Continue Reading: Swiss Supermarket Giant Spar Prepares to Launch Bitcoin Payments! Here Are the Details Crypto Potato

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Pi Network (PI) Misses the Rally: Is Further Trouble Brewing?

TL;DR Pi Network (PI) fell by 3% in the past seven days, potentially weighed down by massive token unlocks and a lack of fresh support from major exchanges. Some analysts predict a potential rebound, while others have warned that dealing with the asset could lead to painful losses. Missing the Green Wave The cryptocurrency market has been on an evident uptrend in the past week. Bitcoin (BTC) is up almost 10% for the period, currently trading at around $95,000, whereas Ethereum (ETH) saw its valuation rise by 11.5%. Very few of the top 50 digital assets remain in the red on a seven-day scale, and unfortunately for the Pi Network community, their favorite token is one of those. As of this writing, PI is worth roughly $0.61, which is a 3% weekly decline. What’s more, the current level represents an 18% drop for the last two weeks. PI Price, Source: CoinGecko It is worth mentioning that the asset started retracing in mid-April, right after the major release of almost 7 million tokens. The unlocks remained in the millions in the following weeks and are expected to speed up even further in the upcoming days. Data shows that over 230 million PI will be freed up in the next month, with April 30 being the record day when 11.3 million tokens will be released. Events like these typically lead to higher selling activity, as investors finally get the opportunity to sell coins they’ve been waiting for a long time . Although some holders may stay put, the danger of a mass exit still looms. Another factor that may have negatively impacted PI’s price is the lack of new support from leading crypto exchanges. Well-known names that have already embraced the asset include Gate.io, OKX, Bitget, and others. However, Binance and Coinbase remain uninvolved. The former issued a community vote in February to determine whether its users want to see PI available on the platform. While more than 85% clicked the “yes” option, there hasn’t been a follow-up announcement. Price Predictions Despite the retreat registered in the past weeks, certain X users continue to make optimistic predictions. MOON JEFF, who often touches upon the matter, recently forecasted that PI could rise to $1. Interestingly, at the beginning of the month, he labeled Pi Network “a slow rug,” suggesting that the token’s potential ascent to $1 is “just a dream.” Kuzo also shared their thoughts, claiming PI “doesn’t look good” based on investigations conducted over the past month. “People will lose millions or even billions of dollars. It’s worse than you could’ve imagined. If you’re still holding, think twice. I’ll drop my investigation soon , make sure you’re following,” they added. The post Pi Network (PI) Misses the Rally: Is Further Trouble Brewing? appeared first on CryptoPotato . Crypto Potato