The city of Lugano in southern Switzerland continues to increase the use of cryptocurrencies, developing new infrastructure to accept Bitcoin, Tether and its own LVGA token as legal tender. In the coming months, Lugano residents will be able to use cryptocurrencies to pay taxes and make purchases at more than 200 local businesses.
Switzerland has long been synonymous with financial innovation, and Lugano is now joining the race to become a hub for blockchain technology development. Above all, the city aims to give a strong boost to the use of crypto assets . Whether it's buying food or paying for services. Lugano thus wants to become the recognized cryptocurrency capital of Europe.
Lugano's Plan ₿ demonstrates the city's commitment to support blockchain technology ideas and startups, and aims to decentralize the Bitcoin network and support sustainable cryptocurrency mining facilities in the region.
To realize this vision, attract talent and encourage networking and knowledge sharing, the city actively supports R&D and related projects in its business center. Their goal is to extend the application of blockchain technology to the entire city in order to improve the daily life of the residents.
The pilot program announced a few months ago by the mayor of Lugano, Michele Foletti, could be key to the eventual success and further development of Bitcoin , as it is the first credible attempt by a city to introduce a digital currency into regular use.
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