Swiss City to Accept Bitcoin Payments for Government Services
The city of Zug, Switzerland, has announced it will pilot a bitcoin payments project that will allow local citizens to pay for public services using digital currency. Zug, a well-known Swiss financial hub long associated with the country’s tax haven reputation, kicked off the initiative during a local government hearing on 3rd May. Payments will go live on 1st July and run through the rest of the year, the city said in a statement. The move was announced on the city’s official website, which characterized the initiative as a means to assess the efficacy of accepting bitcoin for public....
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In an international first, the Swiss town of Zug in central Switzerland will begin accepting Bitcoin payments for government services on a trial basis, the international service of the Swiss Broadcasting Corporation SwissInfo reports. Zug residents will be able to make payments of up to 200 Swiss francs ($205) using Bitcoin. Mayor Dolfi Mueller said that the Zug City Council wants to show its "openness to new technologies" and cater to local financial technology companies, BBC News reports. The Zug area is known as the "crypto-valley," as it hosts more than a dozen....
The Swiss town of Zug has decided to continue accepting bitcoin payments for municipality services following a pilot that launched in July 2016. First announced in May, the picturesque lakeside town of Zug, also known as “Crypto Valley” for its embracive approach to Fintech, revealed a pilot program wherein it allowed bitcoin payments from its public for city services. A payment of up to 200 Swiss francs ($195 USD) in bitcoin was to be allowed. The pilot launched on July 1 and was scheduled to last until the end of 2016. At its conclusion, the City Council was to decide if Bitcoin or other....
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....
The Swiss branch of global professional services firm Ernst & Young is set to begin accepting bitcoin payments next year. Starting in January, EY Switzerland will accept bitcoin for invoice payments, the firm said last week. The company will also launch a new bitcoin ATM at its office in Zurich, as well as a dedicated wallet option for EY employees. The launch is, perhaps, an extension of the ongoing cultural experiment involving the digital currency in Switzerland. Late last month, Swiss railway service SBB made international headlines after it announced that it would sell bitcoin through....
The Swiss capital has taken the stance of refusing to allow bitcoin payments, going against the creativities throughout the country. According to local news outlet, Finanz Und Wirtschaft, there are no plans to implement the digital currency into the city at present. The city council of Zurich believe that bitcoin won’t prevail and have refused bitcoin payments of fees or taxes. This news, of course, goes against a similar idea that was unveiled in the Swiss city of Zug, which has proved popular within the city. In early May, Zug undertook a city council meeting and by the end of it the....