Lugano, the magnificent Swiss city known for being a haven of peace is also a crypto-friendly city. Residents can use bitcoin to carry out their transactions or for their payments. Many local businesses including fast food giant McDonald’s accept BTC payments in the city.
Lugano or the Swiss bitcoin city
Like El Salvador, which has adopted bitcoin as legal tender, the large Ticino city also has great ambitions with regard to the adoption of this cryptocurrency. The city authorities want to make Lugano the European capital of bitcoin and are giving themselves the means to achieve this objective. “What we would like to achieve is to offer the possibility for anyone who lives here or visits Lugano to live without having to use fiat currencies, without having to use Swiss francs” Pietro Poretti, director of the city’s economic development division, told Cointelegraph last month.
Residents of the city can now pay for their coffees or burgers using bitcoin. They can also rent cars, buy watches or pay their taxes with this cryptocurrency. They thus have the possibility of benefiting from a quick and simple payment solution.
Contribute to wider adoption of the flagship cryptocurrency
Lugano has big plans for bitcoin. “What we foresee in the future is that, thanks to the example that Lugano sets, there could be other levels in the Swiss system that could be interested in being more open to bitcoin” says Pietro Poretti.
The city announced in March 2022 its plan B. It is a revolutionary program that aims to promote the adoption of bitcoin in the city. The program also encourages education and research around blockchain technology. A little over a year after the launch of its program, the results are already brilliant for Lugano. Entrepreneurs and new companies have been moving into the city since Plan B was announced.
The adoption of bitcoin in Lugano is therefore intensifying. The Swiss city is betting on the queen of cryptocurrencies and is multiplying initiatives to ensure that this digital currency is adopted on a large scale.
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