Bitcoin becomes legal tender in Lugano! Taxes, fines and services are paid in cryptocurrency

Thursday in the city Lugano was introduced in plan B In front of more than 1,000 people, a crypto project was It will revolutionize the use of Bitcoin in the city of Ticino. The plan was implemented in cooperation with the stablecoin Rope It will lead Lugano to become the most important bitcoin hub in all of Europe.

The event, chaired by the Mayor of Lugano Michel Folletti And by the chief technologist at Tether Paolo Arduino, unveiled an interesting and innovative project for the crypto world. In detail, box 3 million Swiss francs With the aim of helping companies accept cryptocurrency as a payment method. But not only.

“Today we are talking about the future, indeed we are already in the future, eager to welcome the opportunities offered by new technologies. It is not a leap in the dark, it is an evolution grounded in our history, culture and social lands. Bitcoin, crypto and blockchain are scary terms. Don’t intimidate Lugano, you should Revealing these technologies and making them accessible to all.Lugano has confirmed its approach, talked to the crypto world, deepened the topic, and today this very community realizes.Blockchain is here,Bitcoin is here and it is here to stay.Lugano is ready to welcome those who embrace this cause through presenting opportunities for the future. I am convinced that there will be benefits for all citizens and that is why we are fully committed,” Lugano Mayor Michel Foletti announced.

Plan B: Bitcoin becomes legal tender in Lugano

The most important news from Plan B came to implement Bitcoin, Tether and LVGA as Legal tender coins “de facto” in the city of Lugano. This means that the population will be able to Pay taxes, fines, parking, and other public and private services with cryptocurrency. There are already 200 private companies in the Lugano region that claim to accept Bitcoin as a payment method. Lugano is following in the footsteps of El Salvador – the first country to recognize Bitcoin as legal tender – but with a big difference: Lugano is a small but very developed city compared to El Salvador, so we’ll see soon The true potential of blockchain technology and cryptocurrencies.

In Plan B, where the letter “B” stands for Bitcoin and Blockchain, a pool of funding has been activated for a total of 100 million francs To support local startups working in the blockchain sector with the aim of further developing and spreading it across the country. It doesn’t end here, in fact the plan also contains one activation Bitcoin mining farm Which will extract BTC exclusively thanks to the use of renewable energy, and finally make it available 500 bonus For college students (USI, SUPSI, Franklin) with the goal of educating students about the potential of Bitcoin.

“The cryptocurrency industry is worth 2-3 trillion dollars and has grown too much to ignore. Bitcoin is at the forefront of this innovation, and today we are beginning to understand how it can be beneficial for local communities. With Plan B, we are moving from a vision brief to using this new technology. Many people are unfamiliar with these technological aspects and do not understand what we are referring to. With Plan B, we want to prove that the instrument, the currency that was created, can work in a lively environment like Lugano”, Tether CTO Paulo Arduino said.

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