Lugano Integrates Polygon Protocol into MyLugano Payment App for Crypto Transactions
In a significant move towards solidifying its position as Europe’s emerging crypto-capital, Lugano city in the southern Switzerland Ticino region has seamlessly integrated the Polygon proof-of-stake (PoS) protocol into its crypto-friendly payment app, MyLugano.
Polygon, as revealed in a November 22 blog post, announced the successful integration of its PoS protocol into the MyLugano payment app, enabling Lugano residents to conduct transactions seamlessly within the broader Polygon ecosystem.
According to the announcement, the updated version of MyLugano introduces a cutting-edge multichain digital wallet for personal custody. The press release indicates that several tokens have already been integrated into this app section, with plans in place to incorporate more in the future.
Lugano has emerged as a global leader in crypto adoption with MyLugano, developed in collaboration with crypto company Tether, serving a substantial user base of 30,000 individuals, nearly half of the city’s population. This user-friendly app facilitates payments in digital currencies for local small- to medium-sized traders.
The MyLugano app, recognized with the prestigious IEEE Smart City Award, has enabled over 30,000 users to access a loyalty circuit through LVGA, the city’s proprietary stablecoin. The integration of Polygon PoS not only enhances MyLugano’s functionality as a local payment tool but also opens doors for users to explore a myriad of decentralized apps within the Polygon network.
In a bid to further enhance its digital footprint, MyLugano, the crypto-friendly payment app of Lugano City, is set to launch a new Non-Fungible Token (NFT) collection dedicated to the artistic work of Yuri Catania, as per the latest statement.
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