UPDATE (28th October 17:55 BST): This article has been updated with comment from SBB
SBB quietly unveiled the service on its website, set to begin on 11th November. Customers, who need to have a QR-code enabled bitcoin wallet and a valid Swiss mobile phone number, will be able to buy between CHF 20 and CHF 500 (up to roughly $500).
The railway operator further said that it plans to test demand for bitcoin sales over a two-year period.
There will be limits to the service, according to the report. SBB won’t accept bitcoin payments for tickets, for example, and there will reportedly be a CHF 5000 annual cap on purchases, which isn’t listed on the website. SBB will also reportedly charge a 6% transaction fee at the time of purchase.
The SBB trial perhaps reflects the cultural experiment taking place in some parts of Switzerland. In May, the city of Zug, Switzerland announced that it would accept bitcoin payments for public services.
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