Need a Bite? You Can Now Pay for McDonald’s Meal With Bitcoin in Lugano Switzerland
While Bitcoin continues to be influenced by macroeconomic conditions on a global scale, advancements within the Bitcoin ecosystem continue to take place concurrently. By the end of this month, the Swiss city of Lugano will play home to one of the most significant crypto events in Europe.
Switzerland’s third-largest financial hub, Lugano, is working to establish itself as a city that embraces cryptocurrencies. The most recent development is the use of Bitcoin as a form of payment at a McDonald’s in Lugano.
A brief video from Bitcoin Magazine that shows how to use a smartphone application to order meals and pay with cryptocurrency was posted on Twitter. The logo of Tether, another digital asset, may be seen in the video. This is hardly shocking considering that city officials declared earlier this year that they intended to make Bitcoin, Tether, and LVGA legal money in the city.
How Lugano’s Cryptocurrency Payment Plan Will Help the City Grow
One of the most significant Lightning Network developments will be the main focus of the event scheduled for the end of October. The Lugano Plan B cryptocurrency event, which is also set to take place at the end of October, has been established in association with Tether. The initiative, dubbed Plan B, is designed to scale bitcoin and stablecoin adoption in Lugano and accelerate the use of cryptocurrencies.
The Plan B project aims to grow cryptocurrency adoption in Lugano and speed up the use of bitcoin and stablecoins. According to a statement from Paolo Ardoino, chief technology officer of Tether, the city of Lugano and Tether signed a memorandum of understanding in March to combine current payment systems with bitcoin and approved stablecoins.
Residents of Lugano will be able to pay taxes, parking fines, utility bills, training costs, and other expenses using cryptocurrency under this project. It is anticipated that more than 200 stores and companies in the area will begin accepting cryptocurrency payments for their products and services.
The Future of Cryptocurrency Payments in Cities
I’m looking forward to seeing how boosting payments in cryptocurrencies will benefit Lugano. I think that Lugano’s initiative will encourage many cities to start integrating cryptocurrencies into their payment systems, not just in Switzerland but also across other countries.