Bitcoin on SBB ticket machines

From 11 November 2016, customers will be able to obtain Bitcoin at all SBB ticket machines. SBB is a distribution partner of SweePay and is providing the ticket machines as a distribution channel. SweePay is a regulated financial intermediary with its registered office in Zug, Switzerland.

Over the course of two years, SBB has been testing whether there is a market in Switzerland for selling the digital currency Bitcoin. From 11 November 2016, custom-ers will be able to obtain Bitcoin at all SBB ticket machines. Until now, there have only been limited opportunities to purchase Bitcoin in Switzerland. With over 1,000 ticket machines, SBB has a dense distribution network that is available round the clock and is not only suitable for purchasing tickets, but also allows additional ser-vices to be obtained.

SBB is a distribution partner of SweePay and is providing the ticket machines as a distribution channel. Customers can exchange money directly with SweePay at the ticket machines. SweePay is a regulated financial intermediary with its registered office in Zug, Switzerland. Customers need to identify themselves using their mobile telephone number to purchase Bitcoin at the SBB ticket machines. The maximum amount is fixed at CHF 500 per transaction. Bitcoin is only sold at the ticket ma-chines; it is not accepted as a payment method.

About SBB

Every year, SBB transports 441 million passengers. Its 3030 route kilometres make up a high proportion of Switzerland’s 7590-km rail network. With the exception of Herisau and Appenzell, all of Switzerland’s cantonal capitals are on the SBB network. 794 stations have hourly or half-hourly train services.

33,000 railway employees work round the clock to keep trains running safely and punctually. So SBB isn’t just the largest travel and transport company in Switzerland, it’s also one of the biggest employers.