In addition to 19 stores in El Salvador, McDonald’s is accepting payments in bitcoin at its Lugano branches after the city filed a legal tender for the cryptocurrency in March.
Plan B Foundation, a joint economic initiative of the City of Lugano and technology company Tether, has announced a collaboration with GoCrypto to officially bring Bitcoin, Tether and LVGA payments to the City of Lugano. “plan b“It aims to increase the acceptance of bitcoin and stablecoins across the city in order to positively impact all aspects of the daily lives of the residents of Lugano. The campaign aims to accelerate the use of Bitcoin and use it as the basis for transforming the city’s financial infrastructure.
Plan B expansion
Helping local businesses integrate existing payment services with certified stablecoins and Bitcoin is paying off. before bitcoin conferencePlan B ForumA video has emerged showing a simple Bitcoin Lightning payment at a McDonald’s restaurant. Payment is made from a mobile wallet via a terminal and is completed within seconds.
Tether launched the My Investment Program as part of “Plan B” and created two of its funds. The CHF100 million investment pool for blockchain startups aims to encourage the big and good in the industry to make Lugano their home. Another CHF 3 million fund helps local businesses and merchants transition to the new cryptocurrency-based economy. Additionally, the city government has pledged to accept bitcoin payments for all public revenue streams: taxes, parking tickets, museum passes, citizenship fees, and even funeral expenses.
The plan seems to be working. Polygon, the digital platform behind the MATIC cryptocurrency, will move three of its subsidiaries and a large number of employees to the Swiss city. The expansion company has also joined Plan B as a founding infrastructure partner. The Polygon blockchain is used as the path by which most payments are made lsvg– Transactions are processed in Lugano.
Cryptocurrency payments across the city
In order to expand the project to the entire city, the organization has partnered with payment service provider GoCrypto. The company’s stations will be available at nearly 2,500 merchants and service providers across the city by the end of October. Citizens and visitors can easily use their digital wallets to make payments USDTAnd Bitcoin Lightning and LGA. The upcoming Bitcoin conference is set to serve more than 2,000 cryptocurrency payments customers.
Earlier this year, Lugano and Tether signed a Memorandum of Understanding for strategic cooperation to help local businesses integrate existing payment services with eligible stablecoins and Bitcoin. We have made sure that the technological infrastructure is in place. That hard work is paying off now.” – Paolo Arduino, CTO Tether
Unlike El Salvador, business in Lugano has three options. They either do nothing or wait for their current POS operator to upgrade their system to support cryptocurrencies. Perhaps this is the best option Free POS payment terminal that supports encryption To be approved by the local government. The adoption fund of 3 million francs covered the cost of manufacturing the new stations. Once the store is equipped with a smart terminal, customers can pay with Bitcoin simply by scanning a QR code. The retailer can configure his terminal in such a way that credit is automatically converted into Swiss Francs or held in cryptocurrencies.