Resounding! Bitcoin will be legal tender in Lugano in Switzerland
Lugano 'will unroll the red carpet' also for companies and Bitcoin and blockchain enthusiasts who will move to the city, the opportunity for a real launch for virtual currency in the real world …
The city of Lugano, Switzerland, will grant bitcoin legal tender and allow citizens to pay public service fees or taxes in bitcoin, city director Pietro Poretti co-announced in an event broadcast live on Thursday alongside the mayor Michele Foletti and to the CTO of Tether Paolo Ardoino. The city has already partnered with over 200 merchants to promote Bitcoin adoption with the Lightning fast payment system.
"This is probably the most important thing about this project," Ardoino said, referring to "Plan ₿," a city initiative that was sketched and worked on in partnership with Tether to attract wealth, smart minds and opportunity. Tether's USDT stablecoin will also be legal tender in the city.
Plan ₿ calls for the creation of a physical location in the heart of the city to serve as a hub for Bitcoin and blockchain startups interested in making the city their new home, as well as the venue for networking events and hosting Bitcoin meetings and workshops.
"El Salvador's GDP increased by 10% and its tourism by 30% after declaring bitcoin legal tender," said Ardoino.
"Imagine what we can do in a city in the center of Europe."
Poretti said the city will "roll out the red carpet" for companies and Bitcoin enthusiasts, welcoming visitors and potential movers with a business-friendly environment characterized by minimal bureaucracy and ideal conditions for a business to prosper.
The Plan ₿ also provides for the creation of two investment funds.
The first will allocate up to 3.26 million dollars to encourage the adoption of bitcoin, USDT and LVGA, the city stablecoin worth one cent of a Swiss franc which will also be legal tender in Lugano.
The second represents the formation of a pool of funds of up to $ 108.6 million for Bitcoin and blockchain startups wishing to relocate and establish their headquarters in the city, as well as bringing staff to the Swiss city.
Another aspect of Lugano's Plan B concerns the close relationship with the academic world. It plans to create a specialized curriculum on Bitcoin and Lightning in collaboration with local universities to increase the skills of young students in these new technologies. Training efforts on Bitcoin and blockchain will also include the creation of 500 student scholarships to create a skilled and skilled workforce.
At the end of October, the city of Lugano will host the Bitcoin World Forum, a global event focused on accelerating the adoption of bitcoin and defending freedom of expression, Ardoino and Poretti announced at the event.
The speakers also announced the intention that Lugano will start mining Bitcoin with energy from renewable sources.
An interesting initiative at a time when the rift in the world financial system linked to the Russian-Ukrainian conflict makes it necessary to use a payment system that is truly free from political influences.
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The sensational article! Bitcoin will be legal tender in Lugano in Switzerland comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/clamoroso-bitcoin-avra-corso-legala-lugano-in-svizzera/ on Sat, 05 Mar 2022 17:29:04 +0000.