Swiss City Lugano Accepts Bitcoin and Tether

The Swiss city of Lugano has just announced, officially announcing that it has started accepting tax payments in Bitcoin (BTC) and stablecoin Tether (USDT).

Swiss City Lugano Accepts Bitcoin And Tether_65d5ce056feeb.webp

The Swiss city of Lugano is aggressively promoting local Bitcoin usage. Allows both citizens and businesses to pay for city services and taxes with cryptocurrency.

On December 5, the local government of Lugano officially announced that it will accept cryptocurrency payments for taxes and any other community fees. Lugano will accept Bitcoin and stablecoin Tether in an automated payment process. Through the cryptocurrency platform provided by the Bitcoin Suisse organization in Switzerland.

According to the announcement, residents and businesses in Lugano will have the ability to pay all bills with Bitcoin. Regardless of the type of service or the amount of the bill. Lugano residents can pay taxes or services with Bitcoin via Swiss QR codes on invoices. By scanning the code and paying via mobile wallet and their preferred cryptocurrency.

Lugano’s latest move into the cryptocurrency space is part of Plan B, a collaborative effort with Tether to utilize Bitcoin technology. To serve as a foundation for transforming the city’s financial system. Bitcoin Suisse has supported Lugano in Plan B by acting as a technical partner in the integrated payments solution. Provide Bitcoin and Tether payment options to collect taxes and other bills for city services.

BTC chart at 1:15 am on December 6, 2023 (UTC)

Previously in March 2022, Lugano began using cryptocurrency for tax payments through a partnership with Tether. Additionally, the city has also deployed blockchain-based solutions. Includes MyLugano app and LVGA Points payment token. As well as the introduction of the Lugano digital franc and the Lugano digital currency. 3Achain blockchain infrastructure has been integrated.

Related: Bitcoin’s Soaring Surge Sparks Divergent Strategies Among Traders

Lugano is not the only city in Switzerland actively adopting Bitcoin for payments and testing blockchain technology. Previously, the Swiss canton of Zug began accepting tax payments in Bitcoin and Ether. From local companies and individuals in 2021. At the same time, Zermatt a municipality in the canton of Valais launched the option to pay taxes with Bitcoin. Along with Bitcoin Suisse support in January 2020.

(100 votes)

5.0/5

(100 votes)

Latest

Bitcoin Hits New All Time High – Is $150,000 The Next Target

News | Bitcoin | Editor Choice

Bitcoin Hits New All-Time High – Is $150,000 the Next Target?

Bitcoin sets a new all-time high, wiping out nearly $1 billion from short sellers, while analysts predict the rally could push BTC to the $150,000 mark.

Bitcoin Surpasses Google To Become The Sixth Most Valuable Asset Globally

Bitcoin | Editor Choice

Bitcoin Surpasses Google to Become the Sixth Most Valuable Asset Globally

After reaching the milestone of 111,900, Bitcoin has once again surpassed tech giant Google to become the sixth most valuable asset globally by market capitalization.

Donald Trump Jr. Invests In Social Media Marketing Firm With Bitcoin Treasury Strategy

News | Bitcoin | Editor Choice

Donald Trump Jr. Invests in Social Media Marketing Firm with Bitcoin Treasury Strategy

Donald Trump Jr. has made headlines by investing millions of dollars in Thumzup Media — a social media marketing company embracing Bitcoin as part of its corporate treasury strategy.

Bitcoin Hits New All Time High

News | Bitcoin | Editor Choice

Bitcoin Hits New All-Time High

Bitcoin surpassed the $112,000 mark for the first time ever, setting a new all-time high driven by a massive short squeeze and soaring global investor demand amid growing economic and geopolitical uncertainty.

Thanks To Bitcoin, Metaplanet Surpasses Toyota And Sony In Trading Volume

Bitcoin | Editor Choice

Thanks to Bitcoin, MetaPlanet Surpasses Toyota and Sony in Trading Volume

MetaPlanet's stock in Japan is leading in trading volume, attributed to the company's leadership in the digital asset trend.