How does the cashback work, though? Is using a centralized app to pay in BTC required?
To clear the confusion once and for all, the title of the topic is
misleading!The discount only applies when you pay with LVGA!
LVGA is a centralized token, it's pegged to the Swiss franc, it's impossible to convert on any exchange as it's impossible to transmit outside your app, it's basically PayPal money or Starbucks credit.
The promotion has nothing to do with Bitcoin, :
https://my.lugano.ch/en/It is not a scam, just like i have explained in my previous posts in this thread. The LVGA stable coin doesn't have any value, it cannot be used outside Lugano, and its only use-case is for making payments to merchants within Lugano. This stable coin is backed by the Swiss Francs, so it is more like you are just spending fiat, but in a digital way; the initiative is clear and open for people want to take advantage of it, you are correct that it is not really about BTC, but it isn't a scam.
You do realize you're cheering for a CBDC centralized, fully censorable, mandatory KYC, not your keys, not your coins shitcoins here, right?