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Topic: Just bought Bitcoin from a train ticket machine in Switzerland for a trip abroad (Read 2138 times)

legendary
Activity: 1498
Merit: 1113
this is niece. i will test next week. i hope it is available on other stations too.
but you can't buy a ticket with btc?
and why do you need a phone number?
copper member
Activity: 2870
Merit: 1279
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I hope in our country, the Philippines, they would be able to apply that here but I think it will be a long way to go since we just had our upgrades to our trains (Upgrade in the ticketing system) it is where you buy a reloadable RFID card so it will be faster and waiting in line is not so much of a problem unless you have no load already. Well, hoping they could receive bitcoins as payment.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
This is amazing for Swiss and further bitcoin implementing, also I was amazed to find a website that buys/sells bitcoins in our local currency and it's pretty fast tho. We're a few years away from a wide spread usage of bitcoin.
legendary
Activity: 1820
Merit: 1303
thank you for sharing your experience, can buy bitcoin with credit card (CHF Credit card of course) or only physical check?
legendary
Activity: 1120
Merit: 1008
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Thanks for sharing this with screenshots quite information, fee also seem just around 5% which is not that big. Will love to exchange my cash to bitcoin in this way but sadly i have to pay like more than 10% here for local guy as demand is very high and price is well above market rate for cash payment.
legendary
Activity: 3374
Merit: 1824
Thank you very much for sharing such great news and explaining everything in detail.
I hope to see many other train ticket machine in the near future soon, in other countries.
It's great news for the skeptic people to.
I heard many complaints that Bitcoin have just virtual value but no value in the real world.
Such reports can help to change minds of such people and inspire them to join us.


tyz
legendary
Activity: 3360
Merit: 1533
Thanks for sharing your impressions!

I am surprised at how quickly the Swiss railway has implemented this. The announcement is only a few weeks ago. This is an impressively proof how very effective the Swiss are.
Luckily, I am often in Switzerland and will definitely try the service next time.
hero member
Activity: 838
Merit: 501
Hope, SBB can share us some sales. It would be interesting to see some charts of the next months. This would be a huge indicator for the Bitcoin-World.

Greetz
Steve

We will ask if possible to share information but, I can tell you the first day was quite good Smiley

Thank you
full member
Activity: 294
Merit: 100
Life is a game, you either play it or get played.
Love how payment processors are picking up on BTC in recent years... This makes a great stop for me when I enter European Union.

Although the rate is unstable, it seems like vacation will take the pain away.
full member
Activity: 224
Merit: 100
When this topic was first posted about atm use at the trains I was thinking you could us it on the train fares as well.
Nice to get feedback from some one that actually used the system and see the way it is setup.
Totally get stress of using it,often feel that way when I am using a new atm and it feels like everyone is watching.
Think my first attempt ended up me just walking out after a poor attempt to buy some bitcoin and returning 30 minutes later.
legendary
Activity: 3150
Merit: 1392
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It's great that Switzerland allows to purchase BTC already. I also heard that you can pay for your municipals using Bitcoin. I wonder why Switzerland is so progressive when USA, Iceland and other countries aren't, although they are strong in things not related to btc.
full member
Activity: 173
Merit: 105
not good...
4.82CHF fee is just totally fucking insane.  That is real money - spent for nothing.  Changing into and out of bitcoin is wildly expensive and prevents any real consumer adoption.

The real problem of course lies with fiat currencies, which ultimately is what drives interest in Bitcoin as a store of value in Switzerland. If you're a saver it's not a big deal. My XBT savings have increased in value 100% over two years, so paying a 6% fee once really isn't a big problem.
full member
Activity: 173
Merit: 105
You read these things in the news, but you seldom see people reporting back on their personal experience with these new services accepting

Bitcoin. Thank you for sharing this with us. Just a quick question... As a newbie to this, how long did it take you from beginning to end, to do

this? Would you say, the whole process is user-friendly enough for people new to Bitcoin to grasp? ...or should I say, Adoption friendly?

I do think this is a massive step towards "adoption". Now there is a very easy answer for anyone in Switzerland that asks "where can I buy Bitcoin? How do I buy it?". The answer used to be really sketchy, "go to this website, create an account, meet a guy in a bank lobby...wire money to some random person in another country along with all your identity info and hope for the best..." etc. Now it's "Download a wallet app and grab some cash, then walk outside your door and tap a few times on the ticket machine's screen."

These ticket machines are really a part of everyday life here, so it's very accessible now to everyone in the country. The population is very "fiscally conservative" and aware/apprehensive about the issues surrounding fiat currencies so it seems like a good fit.
hero member
Activity: 708
Merit: 506
I support freedom of choice

Quote
Our ATM takes a comission of 5%. The comisson covers all involved costs, currency conversion, trading fee, ATM costs, service, ..

The FFS or SBB offer a commission of about 6%.
U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
It seems like it takes quite a while to actually get your bitcoins. I guess the phone number is to deal with all regulations but wow, seems like overkill. If you have people waiting in line behind you I bet it would be slow goings!
hero member
Activity: 874
Merit: 1000
not good...
4.82CHF fee is just totally fucking insane.  That is real money - spent for nothing.  Changing into and out of bitcoin is wildly expensive and prevents any real consumer adoption.
sr. member
Activity: 434
Merit: 250
This is a great idea.
Especially for people in Europe who may have to exchange one currency for another frequently,
Bitcoin is the perfect way to do this.
Since most people don't need the funds instantly, the transaction time should be acceptable.
legendary
Activity: 1274
Merit: 1004
well thanks a lot for sharing your experiance i live in india and i have never ever seen any bitcoin based machine .well i saw an btc atm pic once but never seen it live and thought i can not understand the language in your recipt but its good to see it atleast it has the word btc in it  Tongue
legendary
Activity: 2912
Merit: 1068
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Nice service they offer, this is realy a way how to implement Bitcoin in everyday life and activities. It's very convenient that you get Bitcoins on that way and I also think that it's better then Bitcoin ATM itself.
Thank you for sharing all this useful and interesting information with us.
legendary
Activity: 3458
Merit: 6948
Top Crypto Casino
That's very neat and very cool.  Definitely a big thanks for posting pictures.   I'm not big on bitcoin atms, but this is an occasion where they make sense.  If I could find one like this I'd at least give it a shot. 

Switzerland always was more enlightened about money.
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