The city of #Lugano , #Switzerland announced the introduction of Lugano ( #LUGA ), a #stablecoin linked to #Bitcoin , which can be paid in more than 350 businesses across the city. About 20% of Lugano’s population has an active Lugano wallet. From December 1, the city government of Lugano will also begin to accept tax payments using bitcoin. In addition, Lugano also announced that it will provide US$50 million in funding to startups in the field of encrypted currency and block chains, with emphasis on the Bitcoin core development pool, lightning network development pool, and public projects.