The City of Lugano Drives Crypto Adoption, Accepts Bitcoin and Tether for Tax Payments
The city of Lugano, Switzerland made a bold move to drive cryptocurrency adoption by announcing today that it will now accept tax payments in Bitcoin (BTC) and Tether (USDT). As of today, Lugano’s citizens and companies can use the two digital currencies to pay any municipal invoice, including property and income taxes.
The new payment method was introduced in collaboration with Bitcoin Suisse, a Swiss cryptocurrency financial services company, to develop a streamlined solution for processing crypto transactions.
This latest crypto integration falls under Lugano and Tether’s “Plan B” initiative — a plan to transition the city’s financial infrastructure to blockchain technology with Bitcoin as the base layer. Plan B is being undertaken to enable cryptocurrency payments for daily transactions like taxes.
Lugano is one of the first cities in the world to adopt Bitcoin and Tether as payment options for all municipal fees and services. The move signals Lugano’s commitment to embracing cryptocurrency and making it a convenient part of everyday life.
The City of Lugano now accepts the payment of taxes and other municipal services in #Bitcoin (#BTC) and #Tether (#USDT).
Read more on cryptonews.com
