Swiss Town Zug Continues Allowing Bitcoin Payments for Municipal Services

Swiss Town Zug Continues Allowing Bitcoin Payments for Municipal Services

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....


Related News

Zug, Switzerland Makes Bitcoin Payments ‘Permanent’

After a few months of experimenting with bitcoin payments for municipal services, the City Council of ‘Crypto Valley’ Zug in Switzerland announced that the pilot program will become a permanent fixture with possible plans to expand. Bitcoin Payments a ‘Worthwhile Experiment’. Early May this year, Zug City Council decided to place bitcoin payment system on a pilot program to test the feasibility of bitcoin payments for municipal services. At current, the program has been used only by a dozen customers, allowing them to make train ticket payments with bitcoin up to 200 Swiss Francs’ worth.....

Swiss Town Begins Accepting Bitcoin for Public Services

The Swiss town council of the small municipality of Zug, Switzerland made the decision on May 3rd, 2016 to accept Bitcoin payments for dues and public utilities as part of a trial run on cryptocurrency acceptance. The small town is already known for its fast growing fintech operations, even being called “Crypto Valley” by some, with 15 fintech-oriented....

“With Bitcoin, We’re Sending a Message,” Says Swiss Town Mayor

It was early May when the Swiss town of Zug convened a city council meeting. By the end of it, bitcoin was accepted as a valid mode of payment for municipality services, part of a pilot program. Fintech-friendly Zug, a picturesque and serene town on the banks of lake Zug made headlines in May after gaining the distinction of the first municipality or locality in the world to accept bitcoin. The cryptocurrency was accepted by the city council as a part of a pilot program, enabling adopters and users to pay for municipal services with the cryptocurrency. The considerable media coverage that....

Swiss Town Accepts Bitcoin as Payment for Municipal Services

In the idyllic, sleepy town of Zug in Switzerland, a city council meeting today saw the authority decide to accept bitcoin as a valid payment for municipality services as a part of a pilot program. Already a burgeoning Fintech destination, the town of Zug in Switzerland (some call it Crypto Valley, with over 15 industry-relevant companies) is further endearing itself as the go-to destination for startups and companies in the bitcoin and blockchain industry by having its public set a welcoming example by adopting the cryptocurrency. In a report by local publication StadZug today, town mayor....

Sleepy Swiss town launches Tezos-backed Coronavirus aid program

The town of Wetzikon will be using blockchain tech for targeted local business aid On Friday the Swiss town of Wetzikon -- formerly best-known for its idyllic pastures and churches -- launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic.Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be funded with a municipal credit line earmarked for the Coronavirus and will be distributed to the roughly 25,000 inhabitants of Wetzikon in the form of an eCoupon worth 10 Swiss francs. Residents can access....