The city of Lugano in Switzerland is expanding its payment options for all municipal bills by accepting Bitcoin (BTC) and Tether (USDT) as legal tender. This move solidifies Bitcoin’s status as a recognized form of payment in the city. The goal of introducing these new payment methods is to promote innovative developments in the payment of municipal bills. Residents and businesses in Lugano can now use Bitcoin and Tether to pay their city bills, following in the footsteps of the Zug canton, which has allowed the payment of tax debts with Bitcoin since 2021. This expansion of payment options is part of Lugano’s broader “Plan B,” which was initiated in collaboration with stablecoin issuer Tether a year and a half ago. Previously, Bitcoin payments in Lugano were limited to transactions conducted through the city’s online portal. Now, the city is extending the use of Bitcoin and Tether to all types of bills, regardless of the nature of the service or the amount owed. This includes taxes for individuals and businesses, fines, and all other invoiced services. This payment option also applies to both outstanding and previously issued bills. Payments in Bitcoin and Tether can be used to settle bills from the city of Lugano, regardless of the date of issuance. The city of Lugano automatically converts all cryptocurrency payments into Swiss Francs, ensuring efficiency and convenience in both payments and financial management. To facilitate the integration of Bitcoin and other cryptocurrencies into existing processes, the city of Lugano has simplified the payment process as much as possible. The process is based on the same QR code found on paper bills, which residents are already familiar with from traditional bank payments. To pay a bill with Bitcoin, individuals can visit the city of Lugano’s cryptocurrency homepage and scan the bill using a webcam or camera. Payments are processed through the Swiss cryptocurrency broker Bitcoin Suisse, and this service is available to both citizens and businesses. The city of Lugano sees the integration of Bitcoin as a complementary offering to traditional payment methods through post offices and e-banking platforms.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇨🇠|
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | Bitcoin Suisse, Tether, Stadt Lugano |
| Currencies | Bitcoin, Tether |
| Securities | None |
