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Lugano after a year on his Bitcoin and Tether standard
It has been a year since the Swiss city of Lugano Bitcoin and Tether (USDT) introduced as a de facto legal means of payment within their limits. How has the adoption initiative developed since then? Tether released on Monday a breakdown of various milestones that the city has reached as part of "Plan B" in relation to crypto infrastructure and education. According to Tether Post, over 150 retailers in Lugano are now accepting Bitcoin, Tether and LVGA - Luganos bound by the Swiss franc - for payments. By the end of 2023, the Plan B Foundation plans to extend acceptance to 2500 other dealers. Lugano also has the very first blockchain-based ...
Lugano after a year on his Bitcoin and Tether standard
It was a year since the Swiss city of Lugano Bitcoin and Tether (USDT) introduced as a legal means of payment within their limits. How has the adoption initiative developed since then?
on Monday a tether released in the context of "plan B ”has achieved in relation to crypto infrastructure and education.
- according to Tether post
- Lugano also emitted the very first blockchain-based local bond. The 6-year debt of CHF 100 million (USD 107 million) can be traded directly on the SDX exchange, which belongs to the Swiss financial market infrastructure provider.
- in accordance with the initiative original plans now take payments in crypto and thus carry to promotion one Circular economy for cryptocurrencies.
- A summer school organized for 86 students from 26 countries to learn something about crypto from experts and provided 500 scholarships to promote their learning.
- The students of the summer school also had the opportunity to network with potential employers at the job trade fair to bring employers of the blockchain industry together with slumbering talents.
- The Plan B Forum-A conference that focuses on the expansion of the Bitcoin introduction-took place in October 2022 and housed over 1000 Bitcoin Lightning network Transactions, 130 USDT transactions and 200 LVGA transactions.
- So far, two countries Bitcoin have officially introduced as a legal means of payment: el Salvador Central African Republic (Zar) .
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