MCDONALDS IN LUGANO, SWITZERLAND now accepts bitcoin payments
Actually, it’s not just McDonalds, it’s the entire city with many different businesses.
Plan ₿ Foundation, a joint initiative
There is a joint initiative between the City of Lugano and Tether, the technology company supporting the blockchain-enabled platform that powers the largest stablecoin by market capitalization (USD₮). That initiative is called Plan ₿ Foundation.Together with GoCrypto Plan ₿ Foundation will bring Bitcoin, Tether and LVGA payments to the city of Lugano.
“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,” said Paolo Ardoino, CTO of Tether.“We have been working together to ensure the technological infrastructure is in place to support this and today we watch all of that hard work come to fruition.”
GoCrypto payments will be available at many merchants throughout the city, including McDonalds, art galleries and more. By using won digital wallet citizens of Lugano can easily make payments in USD₮, Bitcoin Lightning and LVGA.
But what we like the most is their plan. By the end of the year they are targeting to enable over 2,500 merchants to accept bitcoin payments.