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.

5.0/5

(100 votes)

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Azcnews Bitcoin Drops To $65,000 Despite Positive Indicators

News | Bitcoin | Editor Choice

Bitcoin Drops to $65,000 Despite Positive Indicators

Bitcoin's price has dropped nearly 5% over the past seven days. Most metrics and market indicators suggest that this downward trend is likely to continue.

Controversy Surrounding Zksync Airdrop

Altcoin | Bitcoin | Editor Choice

Crypto Weekly (10/06 – 16/06): BTC Correction, Controversy Surrounding zkSync Airdrop

The crypto market last week witnessed significant selling pressure on Bitcoin, leading to a price correction. Additionally, zkSync conducted an airdrop for its community after two years of development, but it sparked controversy and received mixed reactions from the community.

Azcnews Bitcoin Trading At $66,400 With Positive On Chain Signals

News | Bitcoin | Editor Choice

Bitcoin Trading at $66,400 with Positive On-Chain Signals

The Bitcoin Taker Buy-Sell Ratio has risen above one, indicating increased buying pressure. BTC remains steady at around $66,000.

Bitcoin Plunges To $65k, Altcoins Bleed 10% 20% As Week Turns Ugly

News | Bitcoin | Editor Choice

Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

Some $180 million of leveraged derivatives positions were liquidated across all crypto assets during the shake-out, CoinGlass data shows.

Azcnews Bitcoin Falls To $66,000 As New Addresses Decline

News | Bitcoin | Editor Choice

Bitcoin Falls to $66,000 as New Addresses Decline

The Fed's decision to keep interest rates steady draws criticism from analysts. Bitcoin's price drops, but BTC ETFs see capital inflows.