Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

What Stripe’s $7 Billion OpenRouter Deal Actually Means for AI

29/08/2026

Shiba Inu Restart Rumors? SHIB Veteran Calls Out ‘Fake’ Proposal Claims

29/08/2026

Lawmakers Still Divided on Trump Conflict and Stablecoin Rewards in CLARITY Act

29/08/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    BTC Faces $65,000 Test as Spot Demand Builds

    29/08/2026

    Bitcoin braces for August slump as AI stocks falter

    29/08/2026

    Bitcoin ETFs Turn Positive, Yet BTC Price Falls Below $63K

    29/08/2026

    Bitcoin Faces Three Structural Barriers to Next Bull Run, STS Digital CEO Warns

    29/08/2026

    Ethereum Moves Account Abstraction Forward in Hegotá Upgrade

    28/08/2026

    ETH, XRP, MemeToro And HYPE Lead July Momentum As Smaller Tokens Struggle For Liquidity

    28/08/2026

    Bitcoin’s Next Rally Could Send Ethereum Toward $20K: Analyst

    27/08/2026

    Ethereum Developer Proposes ERC-8391 to Standardize Market State Data for Tokenized Stocks

    27/08/2026

    Shiba Inu Restart Rumors? SHIB Veteran Calls Out ‘Fake’ Proposal Claims

    29/08/2026

    Kyber Network Says It’s Not Regulated by Singapore’s MAS. Its Own Contracts Show Why.

    29/08/2026

    Shiba Inu Burn Rate Rockets 441% After Major Price Breakout

    29/08/2026

    Week in Review – August 17 – August 23

    29/08/2026

    32 NFT predictions that aged like milk

    25/08/2026

    A 2026 Filing Guide for Creators

    24/08/2026

    NFT sales surge 170% to $95.5M on $55M Pandora trade

    22/08/2026

    How StonkBrokers Turned a JPEG Into a Brokerage Account

    18/08/2026

    What Stripe’s $7 Billion OpenRouter Deal Actually Means for AI

    29/08/2026

    Shiba Inu Restart Rumors? SHIB Veteran Calls Out ‘Fake’ Proposal Claims

    29/08/2026

    Lawmakers Still Divided on Trump Conflict and Stablecoin Rewards in CLARITY Act

    29/08/2026

    Dunamu, Visa explore stablecoin payments and AI

    29/08/2026
  • Blockchain

    MemeToro Opens Its Codebase To Public Audits As Best Crypto Presale Demand Returns

    28/08/2026

    MemeToro Makes First GitHub Commit As Investors Search For A Top Presale Crypto On BNB Chain

    28/08/2026

    BankChain Alliance formed by 39 US state groups to launch bank blockchain in 2027

    28/08/2026

    UNDP and DFINITY Partner on AI Infrastructure

    28/08/2026

    Taurus links digital asset platforms to Swift’s blockchain ledger

    28/08/2026
  • DeFi

    Promise of DeFi gave way to ‘walled gardens,’ but was it bound to happen?

    29/08/2026

    Sanctum’s $1.66B TVL Makes It Solana’s Top Protocol, Passing Jupiter

    29/08/2026

    Top Yields and Key Metrics for Late August 2026

    28/08/2026

    Stellar’s $3B RWA market faces a $2M DeFi gap

    28/08/2026

    Aave V4 Deposits Reach $806 Million After 30% Weekly Gain

    28/08/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    What Stripe’s $7 Billion OpenRouter Deal Actually Means for AI

    29/08/2026

    Prediction markets set date when SpaceX will merge with Tesla

    29/08/2026

    MSTR has lost 75% of its value since STRC began trading

    29/08/2026

    Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve

    29/08/2026

    Strategy, Coinbase, Circle Lead Gains

    29/08/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Dunamu, Visa explore stablecoin payments and AI

    29/08/2026

    KuCoin can block your crypto transactions even if you never sent it to these 17 sanctioned platforms

    29/08/2026

    Coinbase Announces Delay in Altcoin Listing Scheduled for This Week! Here’s the Altcoin

    29/08/2026

    Kraken BTC transfer of $67.7M lands amid mixed crypto market

    29/08/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    A Major Change Is Coming

    29/08/2026

    US Bitcoin Mining Grip Slips From Q1 to Q3 as Rival Nations Gain

    29/08/2026

    IREN shares fall 8% as costly AI transition weighs on earnings

    28/08/2026

    Bitcoin Mining Consumes 30% of Paraguay Energy, Analysts Reveal

    28/08/2026

    Lawmakers Still Divided on Trump Conflict and Stablecoin Rewards in CLARITY Act

    29/08/2026

    Federal prosecutors blast ex-Celsius CEO’s motion to vacate as ‘without merit’

    29/08/2026

    Senator Confirms Senate Procedural Vote on Clarity Bill Set for Sept. 15

    29/08/2026

    Crypto regulation alone cannot solve the institutional settlement gap, says Lynq CEO

    29/08/2026

    What Stripe’s $7 Billion OpenRouter Deal Actually Means for AI

    29/08/2026

    Shiba Inu Restart Rumors? SHIB Veteran Calls Out ‘Fake’ Proposal Claims

    29/08/2026

    Lawmakers Still Divided on Trump Conflict and Stablecoin Rewards in CLARITY Act

    29/08/2026

    Dunamu, Visa explore stablecoin payments and AI

    29/08/2026
  • MarketCap
NBTC News
Home»Exchanges»ICP Now Accepted at 137 Swiss Supermarkets. Here’s How It Actually Works
Exchanges

ICP Now Accepted at 137 Swiss Supermarkets. Here’s How It Actually Works

NBTCBy NBTC01/04/2026No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Internet Computer Protocol ($ICP) and ckBTC are now accepted as payment methods at more than 137 SPAR supermarkets across Switzerland, serving a customer base of 1.4 million people. The integration, carried out by Swiss crypto payment specialist DFX through the OpenCryptoPay platform, went live this month.

137+ Swiss supermarkets. 1.4M customers. $ICP accepted at checkout.@DFX_Swiss just integrated $ICP and ckBTC into OpenCryptoPay across SPAR Switzerland.

Pay for your groceries with $ICP – no banks, no card networks.
Prefer to use Bitcoin? Pay with ckBTC for the smoothest Bitcoin… pic.twitter.com/RC30Ae3BGH

— DFINITY Foundation (@dfinity) March 26, 2026

How Does Crypto Payment Work At SPAR Switzerland?

The payment process works through a QR code displayed at the checkout. A customer scans the code with their mobile device, approves the transaction through their crypto wallet, and the payment completes within seconds. DFX receives the crypto from the customer and immediately pays the equivalent amount in Swiss francs directly to SPAR, meaning the retailer never holds crypto on its books.

The system supports over 30 different crypto wallets and is designed to feel as familiar as existing mobile payment tools.

As André Scherrer, Managing Director of SPAR Switzerland, stated: “For customers, payment is just as intuitive as TWINT or Apple Pay. That’s important, so payments with crypto truly become suitable for daily life.”

What Is ckBTC?

ckBTC (chain-key Bitcoin) is a Bitcoin-backed token that runs natively on the Internet Computer blockchain. Unlike wrapped Bitcoin products on other chains, ckBTC does not rely on bridges or third-party custodians. It is minted and redeemed directly on the $ICP network using chain-key cryptography, which is a method that lets $ICP smart contracts hold and sign transactions on external blockchains. This makes it faster and cheaper to use than bridged Bitcoin alternatives.

Why Did SPAR Switzerland Choose Crypto Payments?

The decision came from SPAR Handels AG in 2024, driven partly by a desire to reduce dependence on major payment acquirers. Traditional point-of-sale (POS) payments involve card networks and payment service providers (PSPs), each taking a cut of every transaction.

Crypto payments cut out those intermediaries. DFX charges a transaction fee of just 0.20%, which is significantly lower than standard PSP fees in retail.

Scherrer explained:

“I’m convinced that cryptocurrencies are going to become much more significant as a payment method in retail over the next few years, also because they make retailers less dependent on the major acquirers.”

How Back-Office Processing Works

One of the practical challenges of crypto payments at retail scale is accounting reconciliation. SPAR addressed this by working with Matchbox, a software solution from Swiss firm treibauf that SPAR already used for financial reconciliation.

Matchbox was extended to handle crypto as a new payment type. It automatically matches crypto payment data from the POS with the transaction list from DFX, including the 0.20% fee, and posts everything to SPAR’s internal accounts without manual intervention.

Cyril Thommen, CEO of DFX, described the goal as:

“A set-up that’s so simple, everyone can operate it intuitively. That goes for the payment process at the cash register just as much as processing the crypto payments in the back office.”

What Is The Broader Context For $ICP Right Now?

The SPAR rollout adds real-world transaction volume to the Internet Computer network at a time when the DFINITY Foundation is actively trying to increase on-chain usage as part of its economic strategy.

In January 2026, DFINITY founder Dominic Williams published a white paper titled “Mission 70 and Accelerating the Internet Computer Economy.” The document outlines a plan to reduce $ICP token inflation by at least 70% by the end of 2026, bringing it down from 9.72% in January 2026 to 2.92% by year-end.

The strategy has two parts:

  • Supply-side reductions (targeting a 44% drop): lower voting rewards, a revised dissolve-delay bonus structure, reduced rewards for older Gen-1 node hardware, and a cap on the total voting reward pool.
  • Demand-side acceleration (targeting a 26% drop): more $ICP burned through higher network usage, which is where real-world integrations like the SPAR rollout directly contribute.

What Is $ICP Inflation And Why Does It Matter?

$ICP, like many proof-of-stake networks, mints new tokens to reward participants who lock up their holdings to vote on governance proposals and to pay node providers who run the network’s infrastructure. When the network was launched at genesis in May 2021, these rewards were set high to attract early participants who faced long lockup periods with limited liquidity.

DFINITY’s position is that those incentives are no longer necessary at the same level, and that continuing to mint at the current rate dilutes existing holders without adding proportionate value to the network. Mission 70 is the structured response to that imbalance.

Conclusion

$ICP is now accepted at over 137 SPAR Switzerland locations, with near-zero fees, no bridging infrastructure, and automated back-office reconciliation built in from day one. The integration covers both $ICP and ckBTC, using chain-key technology to settle transactions natively on the Internet Computer without custodians or wrapped token intermediaries.

At the network level, DFINITY is working to cut $ICP inflation by more than 70% before the end of 2026, with increased real-world usage forming a direct part of that economic equation.

  1. Dfinity Foundation on X: Post on March 26

  2. Report by Digital Watch Observatory: Spar Switzerland expands crypto payments across its mobile app

  3. Research paper authored by Dominic Williams, Founder and Chief Scientist at the DFINITY Foundation: Mission 70 and Accelerating the Internet Computer Economy


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Dunamu, Visa explore stablecoin payments and AI

29/08/2026

KuCoin can block your crypto transactions even if you never sent it to these 17 sanctioned platforms

29/08/2026

Coinbase Announces Delay in Altcoin Listing Scheduled for This Week! Here’s the Altcoin

29/08/2026

Kraken BTC transfer of $67.7M lands amid mixed crypto market

29/08/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

What Stripe’s $7 Billion OpenRouter Deal Actually Means for AI

29/08/2026

Shiba Inu Restart Rumors? SHIB Veteran Calls Out ‘Fake’ Proposal Claims

29/08/2026

Lawmakers Still Divided on Trump Conflict and Stablecoin Rewards in CLARITY Act

29/08/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.