10% Cashback by paying with Bitcoin in more than 250 Shops in Lugano

Adams0001

full member

Activity: 434

Merit: 152

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

This great news as it will enhance and improve the use and adoption of bitcoin in that region. When did this cash back started there? Because it looks like this offer is coming at a very good time where people want to buy and hold bitcoin for the bull run as it is fast approaching. If that’s not their aim at all, it is still okay since they’ll have improved sale on their products and people awareness about bitcoin will increase there, people love going for discount price than paying full price for a product.

kotajikikox

full member

Activity: 2366

Merit: 207

★Bitvest.io★ Play Plinko or Invest!

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

* https://twitter.com/LuganoPlanB/status/1664548340950769671?t=K79BxSdTKnsJ3i40ZzpNKw&s=19

is this for first purchase? or will run in every purchases conducted? if does then this is a perfect way to push bitcoin not only in this city but in the whole country.
imagine having that big cashback? 10% is not a small amount in each purchasing power.
congratulations to your city mate, you must be proud of it.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

That's a really nice step by Lugano city to promote Bitcoin across the whole city with the medium of 250 shops. I like their way of promoting awareness regarding Bitcoin because everyone wants to have 10% cashback and for that purpose people would use Bitcoin as a way of payment for the purchases on those shops.

The people who use Bitcoin for such payments would try their best to learn about Bitcoin and at the same time they will share such deals with their friends and family members. I hope that other cities and country may also follow similar approaches to promote awareness about Bitcoin as the more people will learn about Bitcoin the higher will be the number of Bitcoin users.

Z_MBFM

sr. member

Activity: 350

Merit: 262

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

https://twitter.com/LuganoPlanB/status/1664548340950769671?t=K79BxSdTKnsJ3i40ZzpNKw&s=19

They are promoting there Luga app by doing this. Yes they are doing auto promotion in bitcoin due to their attractive offer but here their aim is to promote their own apps LUGA. But such physical crypto payment is a very positive point for Bitcoin

BitGoba

full member

Activity: 165

Merit: 149

⚡[email protected]

Quote from: ancafe on June 03, 2023, 06:40:18 AM

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

Even though it looks interesting and the creative idea that Lugano is doing will never happen in our country, because the only legal transaction tool that is recognized by the state is fiat currency. This week there is one young person who accepts payments using crypto has to deal with the police and the person concerned has also been detained at the police station. It's a very surprising phenomenon that our country is not playing around in cracking down on bans and it's just one person trying to accept bitcoin as a means of transaction and imagine if most do that?

Lugano is a city in Switzerland and mostly accepts means of payment using bitcoins, but actually in that city not only accepts bitcoins as legal tender but other cryptos can also be used to a large extent. So it's no wonder that what they are doing is an important aspect of providing an effective service and this has been going on since 2022, this program is also believed to have a positive impact on business growth there.

Lugano has over 400 points of sale that support bitcoin payments via the lightning network, and two McDonald's in the city

POS terminals do not support other cryptocurrencies, only Bitcoin lightning network because transactions are instant and there is no fee

panganib999

hero member

Activity: 1736

Merit: 589

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

* https://twitter.com/LuganoPlanB/status/1664548340950769671?t=K79BxSdTKnsJ3i40ZzpNKw&s=19

Good one, I must say. But this will mostly cater towards people who are already using bitcoin, and not the ones who aren't. You have to understand that no amount of price could top the customer's convenience, they know that so well and thus would rather just pay the bill outright than be taught for 5-10 mins on how to create a bitcoin wallet, transfer their funds there, and then pay stuff. In my opinion, there has to be a more aggressive take on this, something along the lines of, "You get something for free if you download and pay us with a bitcoin wallet" or something similar. This way, people that are not within bitcoin's reaches back then would be at least more enticed to use bitcoin now.

dezoel

legendary

Activity: 2002

Merit: 1072

Leading Crypto Sports Betting & Casino Platform

I never knew that Switzerland was so friendly regarding cryptocurrencies, if there are not any regulations or anything like that, I think the adoption rate will increase pretty quickly this way. Such things should be done in tourist places where tourists from all over the world come to visit those places and when they see Bitcoin and other cryptocurrencies being accepted everywhere, a lot of people will surely be interested in them.

A city like Tokyo or New York City should have such things and then we will see the adoption booming for sure because these are the most busiest and crowdy cities in the world and there are always a lot of foreign people in there so it surely will be useful.

Z-tight

hero member

Activity: 854

Merit: 1031

Only BTC

Quote from: franky1 on June 03, 2023, 05:54:02 PM

the 10% discount is in the form of the laguna stablecoin you speak of.. its not a 10% btc discount/cashback

I am aware of that. Did you read my previous posts in this thread? I've made mention of it more than once.

franky1

legendary

Activity: 4214

Merit: 4458

Quote from: Z-tight on June 03, 2023, 04:48:14 PM

No i am not doing that, my posts in this thread have all been to set the records straight and debunk the misleading op; i said it isn't a scam because i don't think it is likely people will lose money with this initiative, especially if they pay with BTC lightning, in which they do not have to use the MyLugano app, but they only have to pay merchants who will accept the payments with their GoCrypto pos terminal.

the 10% discount is in the form of the laguna stablecoin you speak of.. its not a 10% btc discount/cashback

Z-tight

hero member

Activity: 854

Merit: 1031

Only BTC

Quote from: leonair on June 03, 2023, 01:13:29 PM

This is a great offer and the promotion of Bitcoin through it is very commendable. A 10% discount is a great money saver when we purchase something at a higher price. So when someone goes to buy something from here for a big amount then they will definitely be interested in paying in Bitcoin because they are getting 10% money back there.

Read all of the topic to get the truth of what's happening here, the belief that this initiative is run to promote BTC has been debunked, if you had read all of the thread, you would have made a different post.

Quote from: stompix on June 03, 2023, 09:59:38 AM

You do realize you're cheering for a CBDC centralized, fully censorable, mandatory KYC, not your keys, not your coins shitcoins here, right?

No i am not doing that, my posts in this thread have all been to set the records straight and debunk the misleading op; i said it isn't a scam because i don't think it is likely people will lose money with this initiative, especially if they pay with BTC lightning, in which they do not have to use the MyLugano app, but they only have to pay merchants who will accept the payments with their GoCrypto pos terminal.

leonair

sr. member

Activity: 1232

Merit: 390

★Bitvest.io★ Play Plinko or Invest!

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

~snip~

This is a great offer and the promotion of Bitcoin through it is very commendable. A 10% discount is a great money saver when we purchase something at a higher price. So when someone goes to buy something from here for a big amount then they will definitely be interested in paying in Bitcoin because they are getting 10% money back there. Bitcoin is really going to be a potential currency for shopping and receiving all kinds of services. and recently Google Cloud is partnering with Bitcoin's Lightning Network. these events point to a bright future for Bitcoin

Fiatless

hero member

Activity: 462

Merit: 472

Quote from: stompix on June 03, 2023, 09:59:38 AM

Quote from: Z-tight on June 03, 2023, 08:37:43 AM

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?

The discount might look enticing but they complicated everything with the introduction of the LVGA stablecoin. This will make you surrender your information to a centralized platform for a token that is worthless outside Lugano. They are just hiding behind Bitcoin to promote a shitcoin. The only advantage of this move is that it will increase cryptocurrency awareness because people will be introduced to Bitcoin and other cryptocurrencies. I agree it is not a scam but it can promote scams because the citizens of Lugano is been introduced to the wrong coins.

franky1

legendary

Activity: 4214

Merit: 4458

its also worth noting that the "mylaguna" app gives you tokens on a 3ac blockchain which if you look at their costs of becoming a user after the "trial" is $1100 for 2 years.

yep they want you to pay to become a member so that they as a custodian can grab your bitcoin and sign over(federation of PoA) their silly valueless token on a ethereum subnetwork, which you paid $1100 just to be able to play with

follow the breadcrumbs.. chew on the crust:

https://www.3achain.org/en/use-cases/
https://www.3achain.org/en/casi-uso/my-lugano/
https://www.3achain.org/en/how-it-works/
https://www.3achain.org/en/users/

hopenotlate

legendary

Activity: 3304

Merit: 1221

Top Crypto Casino

As an Italian I feel a bit made fun of by the hand move made in their billboards ahahah, guess there are Italians in their marketing team.

Also in their tweet they abuse of it Grin

Anyway, beside the hassle of having to register in dedicated app, provide personal details ( which derails a bit the purpose of using cryptocurrency) and obtaining the cashback in for of their not so diffused tokens this is a very cool initiative to promote the use and the awareness of cryptocurrencies.

Synchronice

hero member

Activity: 854

Merit: 772

Watch Bitcoin Documentary - https://t.ly/v0Nim

Quote from: mvdheuvel1983 on June 02, 2023, 10:27:53 AM

The update goes thus, get up to 10% Cashback by paying with Bitcoin in more than 250 shops across Lugano. Lugano is a city in Switzerland.This is for sure the best thing I have seen on the internet today. From my POV it is a win-win both for the buyer, the business owner, and Bitcoin. How? The buying saves money. The business owner gets an increase in revenue because they would experience sales increase. People love discounts. For Bitcoin, more increase adoption in that city.

Sincerely wish to see it spread to other cities and see more shops get involved. So, if you are in the city of Lugano, you know what to do.

Cashback? How are they going to perform cashback? If something costs 0.01 bitcoin, are they going to send me back 0.0001 bitcoin? It's won't be comfortable, they'll also have to pay transaction fees. Maybe they should change the term and use sale instead.

By the way, to be completely honest, bitcoin isn't that popular to adopt it in your store and expect enormous sales growth since that day, at the moment, 10% sale on bitcoin payment from every merchant is just an enthusiasm of bitcoin and cryptocurrencies, which I highly appreciate. There were moments where person was offering 15% sale on bitcoin payments and I paid him without extra 15% sale. I just appreciate!

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

If this is real it's either Bitcoin is already known in the country or it just attract more customer to acknowledge Bitcoin. But I think using those method would target people who doesn't think of the transactions fee which mean customer would be lose on this promo. %10 is more likely a payment to the fee already so it's a win situation to the owner. But I guess it would hook more people to invest themselves and gather knowledge. But in our country it would be consider hassle due to Bitcoin is not known as payment and there's more convenient with less fee.

stompix

legendary

Activity: 2828

Merit: 6108

Blackjack.fun

Quote from: kryptqnick on June 03, 2023, 09:40:47 AM

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/

Quote from: Z-tight on June 03, 2023, 08:37:43 AM

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?

kryptqnick

legendary

Activity: 3094

Merit: 1385

Join the world-leading crypto sportsbook NOW!

10% is great cashback, and Lugano seems to be a pretty popular tourist destination in Switzerland. How does the cashback work, though? Is using a centralized app to pay in BTC required? Or does the owner just send 10% of BTC purchases individually to BTC addresses of the customers?
It seems from franky1's reply that it's a centralized service, and transactions don't occur on the Bitcoin blockchain. It also seems from his replies that a token is being used, not Bitcoin...

Z-tight

hero member

Activity: 854

Merit: 1031

Only BTC

Quote from: aoluain on June 03, 2023, 07:52:00 AM

It sounds like a scam to get value into that LVGA and fooling people into thinking
there is some value in it.

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.

Quote from: Aikidoka on June 03, 2023, 07:48:20 AM

What's particularly important now is Bitcoin itself. Through these shops a lot of people will become aware of Bitcoin and eventually become involved with it if they find the idea appealing. I will definitely use my bitcoin if I was in Switzerland.

You can use your BTC in many places, you don't have to be in Switzerland. Check my previous posts to understand what this initiative is about. The initiative isn't exclusively about BTC. Lugano, Tether and GoCrypto are working together to promote crypto payment in Lugano, the idea is to encourage people to pay in usdt, BTC lightning and LVGA, and if you use LVGA you get a 10% cashback of the stable coin into your MyLugano app.

aoluain

legendary

Activity: 2254

Merit: 1256

Damn thats misleading!

I was thinking before reading through the thread that I would just take the reward and
put it straight back into Bitcoin by using a Bitcoin ATM, I'm sure there are some in Lugano.

I wouldnt be interested in using any $hit token just to get 10% back in it after spending
my precious Bitcoin.

It sounds like a scam to get value into that LVGA and fooling people into thinking
there is some value in it.

Topic: 10% Cashback by paying with Bitcoin in more than 250 Shops in Lugano (Read 321 times)