Currently, according to Coinatmradar.com, there are 102 bitcoin ATMs in Switzerland, making it the sixth largest bitcoin ATM country in the world, behind the USA, Canada, UK, Austria and Spain alone.
Of these 25 are in the Zurich area, 18 in Geneva, 14 in Lausanne and 11 in Basel.
These numbers have been steadily increasing lately due to an increase in demand for cryptocurrency after the outbreak of the coronavirus crisis.
Among other things, The Dolder Grand has also started to accept Bitcoin Code in payment for overnight stays, food, drinks and spa treatments.
Many are using these machines in Switzerland for their first cryptocurrency purchase experience.
The curious thing is that there is an increase in particular in bitcoin ATMs located near hotels.
Bitcoin ATMs in hotels
The last Swiss hotel to announce the installation of a bitcoin ATM was The Dolder Grand in Zurich, whose ATM allows the purchase of four cryptocurrencies (BTC, ETH, BCH and LTC) and two fiat currencies (Swiss francs and euros) and the sale of BTC in Swiss francs.
But in addition to The Dolder Grand there are also other Swiss hotels that have installed an ATM crypto, including Hotel 46a, Parkhotel, Hôtel Régina, Hilton Zurich Airport and Hotel Hecht Gottlieben.
All of these hotels have chosen the service offered by Värdex Suisse, according to which the guests of these hotels actively take advantage of the opportunity to buy and sell crypto currency easily at ATMs.
The company is a regulated Swiss financial intermediary, owns the largest ATM crypto network in Switzerland, and was founded in 2017 as a spin-off of Bitcoin Suisse.
However, there are not only Värdex Suisse’s ATM cryptos in Switzerland, and the phenomenon is growing in a widespread manner throughout the country.
The service offered by these machines could be particularly useful for foreigners who want to acquire Swiss francs by buying them with bitcoin, or who want to change Swiss francs into crypto-currency before leaving Switzerland.