- Lugano citizens will be able to pay merchants in bitcoin, tether and LVGA
- The city wants to onboard over 2,000 businesses before the end of October
Asset-backed cryptocurrency stablecoin, Tether, is collaborating with GoCrypto to bring bitcoin, tether and LVGA to the Swiss city of Lugano.
The initiative, dubbed Plan ₿, is designed to scale bitcoin and stablecoin adoption in Lugano and accelerate the use of cryptocurrencies.
A memorandum of understanding was signed earlier this year between Lugano and Tether to integrate existing payment services with bitcoin and vetted stablecoins, Tether Chief Technology Officer Paolo Ardoino said in a statement.
“We have been working together to ensure the technological infrastructure is in place to support this and today we watch all of that hard work come to fruition,” Ardoino said.
Merchants participating in the initiative so far include fast food giant McDonald’s, a handful of art galleries and others.
Source: https://blockworks.co/you-can-now-buy-your-big-mac-with-crypto-in-lugano-switzerland/