Lugano implements cryptocurrency to pay local taxes
Key Takeaways
- Lugano can use Bitcoin and Tether to pay for municipal services and taxes.
- This plan is a key component of the Lugano Plan B project, which focuses on integrating Bitcoin technology into the local financial system.
- Lugano’s cryptocurrency adoption follows a growing trend in Switzerland, where regions such as Zug and Zermatt are already accepting digital currency payments for public services.
LuganoA city located in the Italian-speaking Ticino region of southern Switzerland We have launched a new payment plan For residents and businesses to use Use cryptocurrencies like Bitcoin (BTC) and Tether (USDT) to pay for municipal services and taxes..
The Lugano administration declared on December 5 that it would accept cryptocurrency as a valid payment method for all municipal services.
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The progressive step is Implemented through partnership with Bitcoin SuisseAs Switzerland’s leading cryptocurrency platform, Automated and efficient payment process.
Cryptocurrency included in local government payment systems An important part of the Lugano Plan B project. This plan, in collaboration with Tether, is designed to: Integrating Bitcoin technology into the city’s financial ecosystemTransforming the way financial transactions are conducted.
Bitcoin Suisse contributes to this vision by providing: Technical support neededLugano may accept Bitcoin and Tether for various municipal payments.
Current Lugano residents and businesses We have the flexibility to settle any local bill., regardless of the nature or amount of cryptocurrency. The process is as follows: Facilitated through the Swiss QR-invoice systemwhere users can Scan your invoice code and Complete payment with desired cryptocurrency through mobile wallet.
Lugano’s approach to embracing digital currencies is not limited to Switzerland. Other regions have begun similar initiatives. for example, Zug will begin accepting Bitcoin and Ether (ETH) for tax payments in 2021.The municipality of Zermatt has entered into a partnership with Bitcoin Suisse. Bitcoin Tax Payment Option Available in 2020.
Lugano’s decision to integrate Bitcoin and Tether into the city’s payment system highlights the city’s commitment to innovation and adoption of digital currencies. The move improves convenience for residents and businesses and places Lugano at the forefront of digital currency adoption in Switzerland, responding to the broader trend of leveraging cryptocurrencies in the country’s public services.
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