This embrace of cryptocurrency isn't just a nod to technological advancement; it reflects a deep understanding of the evolving financial landscape and a strategic move to cater to a growing demographic of crypto-savvy consumers. Here are some of the most notable businesses in Switzerland that have opened their doors to the world of digital payments:
1. Zug – The Pioneer "Crypto Valley"While not a single business, the
City of Zug itself stands out as a monumental example. In 2016, Zug became the first city in the world to accept Bitcoin for municipal services, including taxes and fees. This trailblazing move set the stage for broader crypto adoption within the canton and beyond, truly earning its "Crypto Valley" moniker. Their forward-thinking approach has encouraged numerous businesses within the region to follow suit.
2. Dolder Grand Hotel (Zurich)One of Switzerland's most luxurious and iconic hotels, the
Dolder Grand in Zurich, made headlines by announcing its acceptance of Bitcoin and Ethereum for payments. This move positions the historic five-star establishment at the forefront of digital innovation in the high-end hospitality sector. Guests can now settle their lavish stays, exquisite dining experiences, and spa treatments using leading cryptocurrencies, appealing to a global clientele with significant digital wealth.
3. Swiss Railways (SBB) – Indirect but SignificantWhile the
Swiss Federal Railways (SBB) doesn't directly accept cryptocurrency for ticket purchases, they have a highly significant partnership. Since 2017, SBB ticket machines have allowed users to
purchase Bitcoin directly. This provides a crucial on-ramp for crypto adoption, enabling individuals to easily acquire Bitcoin, which can then be used for payments at other crypto-friendly businesses. It’s a powerful validation of crypto’s mainstream presence in Switzerland.
4. Vontobel Bank (Zurich) – Investment & Digital Assets- As a leading Swiss private bank, Vontobel has been a pioneer in offering regulated financial products tied to cryptocurrencies. While primarily an investment bank rather than a direct consumer-facing merchant, its early and strong embrace of digital assets, including issuing mini-futures and structured products on Bitcoin and Ethereum, significantly legitimizes the crypto space within traditional finance. Their forward-thinking approach has paved the way for other financial institutions to explore crypto services.