Swiss embrace of bitcoin payments extends to rental property
VisionApartments, which claims to be Switzerland’s market leader in premium serviced apartments, will now accept bitcoin payment for rentals across all its locations worldwide. The company has joined forces with Bitcoin Suisse to launch the payment option, which it calls its first step into the digital world. Switzerland has been open to the adoption of bitcoin, with fintech development area Zug and neighbouring Baar being dubbed “Crypto Valley” because of their willingness to embrace the cryptocurrency.
Swiss-based Vision Apartments has announced that it is now accepting rent in bitcoin at all its global locations, according to the apartment leader. Nowadays, it’s ...

Swiss-based Vision Apartments has announced that it is now accepting rent in bitcoin at all its global locations, according to the apartment leader.

Nowadays, it’s becoming easier to utilize the digital currency for most day-to-day expenses. And with the price of bitcoin rising steadily, it’s becoming a viable alternative to use instead of fiat currency.

This can be seen through Vision Apartments announcement and the fact that they have teamed up with Swiss-based company, Bitcoin Suisse, to enable its guests to pay with the currency.

Niklas Nikolajsen, CEO of Bitcoin Suisse AG, said:

Bitcoin Suisse AG is pleased to be partnering with VISIONAPARTMENTS and welcoming them into the growing community of forward-thinking companies that have opened their businesses to accept Bitcoin payments.

The apartment leader also said that this is just the first step it has taken into the digital world and that while it is a challenge, it’s an exciting opportunity to provide ‘new and innovative services’ to their clients.

The Swiss Embrace Bitcoin

Switzerland is known for embracing the digital currency that is continuing to rise above the challenges it faces.

The Swiss town of Zug and neighboring town of Baar have been nicknamed the ‘Crypto Valley’ because they are considered FinTech-friendly areas. The town of Zug even went one step further by launching a pilot last May that saw the acceptance of bitcoin as a valid form of payment. At the end of the pilot its success saw the town deciding to continue accepting the digital currency for municipality services.

As the currency continues to gain in popularity, Switzerland are realizing the benefits of having their own. So much so, that in Ticino, a federal state located in the southern part of Switzerland, it could have its own local digital currency called the Ticinocoin. However, while this is still in the early stages, it remains to be seen if this will come to fruition.

And to make the purchase of bitcoin easier, Switzerland’s national railway service, the SBB, announced that it will start selling the digital currency on its ticket machines. Yet, while it won’t be accepting the currency as payment for train tickets at the moment, Switzerland is illustrating that it is a forward-thinking nation when it comes to embracing new technology.

By demonstrating how easy it is to live on the currency, Switzerland is showing other countries how it can be achieved, which they are fast attempting to emulate.

Images from Vision Apartments.