The city of Lugano will accept Bitcoin, Tether and LVGA tokens as 'de facto' ...
Residents of the Switzerland city will be able to pay taxes, parking tickets, public services and tuition fees using crypto. Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as "de facto" legal tender as part of a partnership with Tether (U.Speaking at the city’s Plan B event on Thursday, Tether chief technical officer Paolo Ardoino said the firm had set up a 3 million-Swiss franc fund in collaboration with Lugano officials to encourage adoption of Bitcoin (BTC), Tether (USDT) and the LVGA token for shops and businesses across the city.....
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The City of Lugano in Switzerland, the most important Italian-speaking city outside of Italy, is not playing around. The goal of their “Plan B” is to “make Lugano the blockchain hub for the entire Europe,” according to Tether’s Paolo Ardoino. And it will probably succeed. The city wants to attract investment and talent, attract wealth and smart minds, and they’re putting their money where their mouth is. Why do they have to brand their plan using bitcoin’s name, though? In NewsBTC’s previous article about the project we were very critical, and even raised the possibility of this being an....
The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano. Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in Italian Switzerland, which is becoming a hotspot for crypto adoption in Western Europe. A one-minute video of ordering food on McDonald’s digital kiosk and then paying for it at the regular register with the help of a mobile app was uploaded on Twitter by Bitcoin Magazine on Oct. 3. The Tether (USDT) logo could be spotted next to the Bitcoin....
What’s “Lugano’s Plan B”? The 9th biggest city in Switzerland plans to become Europe’s Bitcoin city. And Tether is there to help. How will the two entities accomplish that? On March 3rd, Tether’s Paolo Ardoino and Michele Foletti, the Mayor of the city of Lugano, will unveil the plan at a live-streamed conference. #bitcoin and stablecoins are revolutionizing the financial sector. #tether and The City of Lugano🇨🇭 @luganomycity are teaming up to transform Lugano into the European #bitcoin capital. Every city needs a plan. Join Lugano's Plan ₿ pic.twitter.com/wmhFVePcPo — Tether....
The ultimate goal is to accept crypto for payment of all goods and services in the city of Lugano, the city administration said. The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of the Tether (USDT) stablecoin.Tether Operations Limited, the blockchain-based platform that powers USDT, the world’s largest stablecoin by market capitalization, has signed a partnership with the administration of Lugano, according to a joint announcement on Thursday.Tether and the city....
Bitfinex and Tether CTO, Paolo Ardoino spoke to Cointelegraph about cryptocurrency adoption in Europe. As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart — a neoclassical building previously serving as the headquarters for the Parisian stock exchange from 1826 to 1987 — European news reporter, Joe Hall sat down for an in-depth interview with the Chief technology officer of Bitfinex and Tether, Paolo Ardoino.Previously ranked 88th in Cointelegraph’s prestigious Top 100 2021 for his influential impact on the....