The Swiss city of Lugano is making headlines by extending its payment options to crypto currencies. Indeed, it now allows its citizens to pay their municipal taxes in Bitcoin (BTC) and Tether (USDT).
Swiss city of Lugano encourages tax payment in crypto Bitcoin and Tether
Cryptocurrency adoption is increasing in the Swiss city of Lugano. The most crypto-friendly city is indeed taking a major step by accepting Bitcoin and Tether for all municipal transactions.
This initiative, anchored in Lugano’s Plan B, aims to transform the local financial landscape by integrating blockchain and crypto (including Bitcoin and Tether) into various aspects of daily life.
Thanks to a partnership with Bitcoin Suisse, the city offers a convenient and fully automated option. Concretely, citizens of Lugano can scan the QR code on their bills and pay their taxes with their favorite wallet.
Bitcoin Suisse supports the initiative
There Swiss QR-Bill makes the process easier. It allows residents to pay their taxes in Bitcoin and Tether in just a few clicks. Bitcoin Switzerlandkey technical partner of Lugano Plan B, welcomes this progress.
“ Lugano takes a big step forward by becoming one of the first cities to accept Bitcoin and Tether for all transactions, making payments more flexible and modern for everyone. The move is part of Lugano’s Plan B, a collaborative effort with Tether to use Bitcoin technology as the basis for transforming the city’s financial system. The plan aims to integrate blockchain into various aspects of daily life in Lugano. »
The Swiss craze for crypto
Lugano is not alone in this revolution. Other Swiss cities have also adopted Bitcoin for paying taxes. This is particularly the case for Zug and Zermatt. This trend reflects a broader movement towards crypto acceptance in Switzerland.
With previous initiatives such as the MyLugano app and the Lugano digital franc, the city is in any case proving its continued commitment to blockchain innovation.
By accepting Bitcoin and Tether for municipal payments, Lugano is strengthening its position as a crypto pioneer in Switzerland. It could even become the new European capital of crypto.
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