McDonald’s began accepting Bitcoin (BTC) as a payment method in the 63,000-person city of Lugano in Switzerland’s Italian-speaking area, which is becoming a hotspot for crypto acceptance in Western Europe.
According to a release, the Plan ₿ Foundation, an organization devoted to encouraging Bitcoin and stablecoin adoption, has just onboarded the City of Lugano, Switzerland, enabling Bitcoin and stablecoin payments.
The foundation, formed by the same persons that launched Tether and the City of Lugano, aims to increase BTC acceptance throughout the city by potentially affecting all everyday activities for citizens.
Furthermore, the foundation attempts to upgrade the city’s present financial infrastructure while providing payment choices. To expand over the entire city, the group teamed with GoCrypto, a BTC payment service provider.
Paolo Ardoino, CTO of Tether, said:
“Earlier this year, Lugano and Tether signed a memorandum of understanding to launch a strategic collaboration through several initiatives, including to help local businesses integrate their existing payment services with the permitted stablecoins and Bitcoin.”
GoCrypto payments are now accepted at almost a dozen retailers across the city, including McDonald’s and art galleries. The feature is anticipated to spread over the following 25 days, allowing more Lugano companies to accept Bitcoin.
In addition to allowing Lugano residents to pay their taxes using cryptocurrency, the initiative will also accept payments for parking fines, public services, and student tuition expenses. More than 200 local stores and companies are also anticipated to accept cryptocurrency payments for products and services.
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