There has been so many good news related to Bitcoin offlate and I am really happy that atleast now people have started adopting Bitcoin and using it. This is a sign that gradually Bitcoin will be accepted in other nations as well, there was a fear initially I mean couple of year's ago that it's a ponzi scheme or some sort of scams but now people are confident enough and approval of spot ETF has pooled more users to Bitcoin ecosystem.
Good governance for every country brings a big impact to bitcoin adoption. If the government officials are more open minded, most likely they become more willing to explore new technology or innovation as long as it would create an overall advantage for its citizens and for the whole country. Not all countries are supportive about bitcoin, majority are still hesitant to accept it. But thanks to Lugano leaders as they are starting to embrace their future with bitcoin. Most likely, we will see stories like this in the following years ahead. 
Topic: BTC Now Official Currency in Lugano: Another Milestone for Cryptocurrency (Read 459 times)
April 10, 2024, 04:56:42 PM
April 10, 2024, 04:50:01 PM
There has been so many good news related to Bitcoin offlate and I am really happy that atleast now people have started adopting Bitcoin and using it. This is a sign that gradually Bitcoin will be accepted in other nations as well, there was a fear initially I mean couple of year's ago that it's a ponzi scheme or some sort of scams but now people are confident enough and approval of spot ETF has pooled more users to Bitcoin ecosystem.
April 10, 2024, 04:16:08 AM
This is really great news. I am pleased to read this but not entirely surprised because I would say I saw it coming. That’s how it starts, once a country takes the step, other countries would gradually want to go in. Imagine the other countries who were skeptic if they should do the same. Seeing 2 countries making Bitcoin an actual legal currency will motivate them even more. Can’t wait to see the next country to get into the dance floor.
Once we get the 3rd country then it's game over as it will become a natural thing for other countries to easily adopt. But for now, i hope everything go on well with this two countries so that others can see reasons why BTC and crypto is the future of finance. Also we still need more individuals like Gracy Chen in the industry who has been at the core front of advocating for web3, blockchain and cryptocurrency adoption on a large scale. I think her effort combined with other top individual in the industry is gradually paying off but of course we still need to see more from them until crypto become global and no one is skeptical investing in it.
It is already beginning to feel like a normal thing if we see more countries accepting Bitcoin because these two countries have made it possible and have set examples. We probably need big countries to step in too. But that’s not certain because some of these countries are careful on what they do. Nonetheless Bitcoin is growing really well for its age.
Might be difficult, but I think it's possible, and these two countries have set the pace, as you said. Big figures in the crypto space, like Gracy Chen (MD of Bitget), have predicted that it won't be long before we see crypto playing a role in daily payments beyond Lugano, and I think she's right. The world is evolving, and incorporating blockchain/crypto in everyday life will only make the quality of life better, in my opinion.
April 07, 2024, 07:28:48 AM
this topic is not about bitcoin
its about using other networks.. LN and LVGA
bitcoin never leaves the bitcoin network
none of the offerings of switzerland are actually about customer-merchants having bitcoin node self custody transfers of btc, but offering customers a platform of CEX database and altnetwork/subnetwork offerings of things that are not actual bitcoin network transactions
https://planb.lugano.ch/crypto-payments/
map of locations mention lightning not the actual bitcoin network
this is yet another failed attempt to promote other networks by stealing the brand and banner of "bitcoin adoption"
these other networks give citizens of these countries (el slavador, nigeria, switzerland) a FALSE narrative of bitcoin adoption via an experience that is not even using the bitcoin network. and when these flawed other networks fail to meet expectations (as seen in nigeria and el salvador) these other networks will end up harming the reputation of bitcoin even when citizens of countries never feel the real experience of bitcoin
we need to stop these false promotions and shady games of promoting flawed other networks "as bitcoin"
its about using other networks.. LN and LVGA
bitcoin never leaves the bitcoin network
Quote
The Swiss city of Lugano provides the best evidence of what’s possible: More than 15% of its citizens use the city’s LVGA stablecoin to pay their bills, make purchases at shops and restaurants, and access online services on a daily basis.
Quote
This was made possible through collaboration between the city’s administration and Bitfinex, which developed a platform to support payments with Bitcoin, via Lightning, Tether, via Polygon and the city’s native LVGA token
none of the offerings of switzerland are actually about customer-merchants having bitcoin node self custody transfers of btc, but offering customers a platform of CEX database and altnetwork/subnetwork offerings of things that are not actual bitcoin network transactions
https://planb.lugano.ch/crypto-payments/
map of locations mention lightning not the actual bitcoin network
this is yet another failed attempt to promote other networks by stealing the brand and banner of "bitcoin adoption"
these other networks give citizens of these countries (el slavador, nigeria, switzerland) a FALSE narrative of bitcoin adoption via an experience that is not even using the bitcoin network. and when these flawed other networks fail to meet expectations (as seen in nigeria and el salvador) these other networks will end up harming the reputation of bitcoin even when citizens of countries never feel the real experience of bitcoin
we need to stop these false promotions and shady games of promoting flawed other networks "as bitcoin"
April 07, 2024, 07:21:04 AM
For those still skeptical about cryptocurrency's role in the future of finance, recent developments underscore its growing significance as a payment system.
With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
Well, Switzerland is known as money laundering capital and tax heaven of the world. Their banking systems helped politicians and criminals to safely store billions of dollars since a long time now. So it's just a matter of time before Switzerland accepts cryptocurrency as a legal tender in the country. It's now started in a city as a trial run. If it succeeds, soon it will be everywhere in Switzerland.
Good development for sure! Such kind of things surely brings in much needed cheer and liquidity in the market. But I am still skeptical about the future of Bitcoin as a payment processor. It's slow and expensive. The network is jammed quite often and now with the ordinals madness, it's even more evident. Block size debate needs a serious resolution.
April 07, 2024, 06:59:22 AM
This is really great news. I am pleased to read this but not entirely surprised because I would say I saw it coming. That’s how it starts, once a country takes the step, other countries would gradually want to go in. Imagine the other countries who were skeptic if they should do the same. Seeing 2 countries making Bitcoin an actual legal currency will motivate them even more. Can’t wait to see the next country to get into the dance floor.
Once we get the 3rd country then it's game over as it will become a natural thing for other countries to easily adopt. But for now, i hope everything go on well with this two countries so that others can see reasons why BTC and crypto is the future of finance. Also we still need more individuals like Gracy Chen in the industry who has been at the core front of advocating for web3, blockchain and cryptocurrency adoption on a large scale. I think her effort combined with other top individual in the industry is gradually paying off but of course we still need to see more from them until crypto become global and no one is skeptical investing in it.
It is already beginning to feel like a normal thing if we see more countries accepting Bitcoin because these two countries have made it possible and have set examples. We probably need big countries to step in too. But that’s not certain because some of these countries are careful on what they do. Nonetheless Bitcoin is growing really well for its age.
April 06, 2024, 06:22:03 AM
This is really great news. I am pleased to read this but not entirely surprised because I would say I saw it coming. That’s how it starts, once a country takes the step, other countries would gradually want to go in. Imagine the other countries who were skeptic if they should do the same. Seeing 2 countries making Bitcoin an actual legal currency will motivate them even more. Can’t wait to see the next country to get into the dance floor.
Once we get the 3rd country then it's game over as it will become a natural thing for other countries to easily adopt. But for now, i hope everything go on well with this two countries so that others can see reasons why BTC and crypto is the future of finance. Also we still need more individuals like Gracy Chen in the industry who has been at the core front of advocating for web3, blockchain and cryptocurrency adoption on a large scale. I think her effort combined with other top individual in the industry is gradually paying off but of course we still need to see more from them until crypto become global and no one is skeptical investing in it.
April 06, 2024, 05:50:07 AM
This is indeed the news that many people who are crypto enthusiast wanted to hear. I think this is a good news for bitcoin which another government making bitcoin legal tender. I hope this news would also make other government decided to make Bitcoin legal tender like el salvador and now in lugano. I think this is also good for the people who are in crypto that lives there. I believe they put a lot of thinking before they decided to do this.
Of course, decisions like these aren't done hastily. There must be some sort of good consideration before implementation. I'm glad that some governments are beginning to see the need to legalise crypto. We can't also forget to appreciate those who are at the forefront of pushing for the global adoption of crypto, the likes of Gracy Chen.
April 05, 2024, 08:55:07 PM
It's a great thing to hear that another area now accepts Bitcoin as a legal tender. Lugano is a good city and their acceptance of Bitcoin as legal tender is good for all Bitcoin holders and for the ones who believe in Bitcoin.
In coming years many countries and cities will continue to legalize Bitcoin in their jurisdictions. I'm happy that Lugano took that step as one of the major cities of the Switzerland. Surely, in future the whole Switzerland will legalize Bitcoin as Lugano.
In coming years many countries and cities will continue to legalize Bitcoin in their jurisdictions. I'm happy that Lugano took that step as one of the major cities of the Switzerland. Surely, in future the whole Switzerland will legalize Bitcoin as Lugano.
April 05, 2024, 04:41:21 PM
Accepting Bitcoin for payment tax doesn't mean it is legal tender, like in El Salvador. But it could bring positive changes to the Bitcoin community. However it does led Bitcoin as a legal use for their citizens. It's a kind of Bitcoin adaptation. Still, a lot of countries restrict Bitcoin use. First of all, we need to make Bitcoin legal everywhere, even if it is not a legal tender. So we can use it our own way. Developing countries like ours should take a lesson from how developed countries are adapting to Bitcoin and getting benefits from it.
April 05, 2024, 11:14:25 AM
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption.
This is the aspect that we look more forward to in seeing other countries joining in the adoption of bitcoin as a legal tender after the likes of El-Salvador and Central African Republic, but we can call this a partial achievement since even without the government approval on the use of bitcoin, the people have long ago being using this digital currency for the satisfaction of their financial desires, but as you have said, this may just be a step to the next thing we expect to see from them in making bitcoin use a legal tender in Lugano.
April 05, 2024, 10:59:25 AM
For those still skeptical about cryptocurrency's role in the future of finance, recent developments underscore its growing significance as a payment system.
With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
This is superb news and a giant step towards making Bitcoin acceptable in more countries. I believe that with the integration of crypto payment systems, we'll have a more sophisticated financial infrastructure, as Grace Chen posited. The news about Lugano is just the tip of the iceberg, and we'll soon see crypto play a bigger role in daily payments. People like her are spearheading the adoption of Web3 and crypto through various initiatives, and this news from Lugano is sure to fuel the passion for continued adoption."With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
April 05, 2024, 10:30:08 AM
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments
TBH, the only significant part here is the "including tax payments" because if we will look at BTC, I mean anybody can just make a transaction using Bitcoin as long as the sender and receiver agrees to it right? It doesn't happen only in that place, but wherever in the world.For example here in our country, the government doesn't prevent us from using Bitcoin to pay something meaning we can use it to pay something either offline or online. I don't know what's significant with that news. The fact that the government allowed their citizens to use Bitcoin on day-to-day transactions? Well, good news I guess, but nothing significant IMO.
More in the future.
April 05, 2024, 10:19:16 AM
Good news.
One of those countries where individual freedom is respected, as well as the understanding that people should and can independently decide what and how to do with their money. The same cannot be said about other countries that passionately ban Bitcoin, allegedly caring that the people are not sufficiently informed about its use and creating the illusion of protecting the people’s assets, but in reality controlling their every move. But as we see, Lugano understands that in her country there are smart people who are able to decide everything with their own heads.
Lugano has been known for its trade, tourism and finance, no wonder why its government has become more open minded about cryptocurrency particularly bitcoin since they want to flourish more on their financial aspects and I guess bitcoin would best for it. And knowing their country gives more concern on individual freedom, hence having bitcoin could actually promote financial freedom as an investment and having it as a currency as well wherein citizens can use it to pay it to buy goods and services, and pay taxes at their own convenience.One of those countries where individual freedom is respected, as well as the understanding that people should and can independently decide what and how to do with their money. The same cannot be said about other countries that passionately ban Bitcoin, allegedly caring that the people are not sufficiently informed about its use and creating the illusion of protecting the people’s assets, but in reality controlling their every move. But as we see, Lugano understands that in her country there are smart people who are able to decide everything with their own heads.
April 05, 2024, 09:50:17 AM
...
While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
Well, it may appear that more countries are accepting Bitcoin and cryptocurrencies based on the fact that it must be subject to regulatory bodies present in the country. The Swiss regulatory body which is FINMA regulates the financial activities of the country and the citizens will be taxed just like they did with fiat currency. While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-lugano
It's good to know that the city of Lugano has been up to this move since signing a memorandum of understanding with El Salvador some time back.
We will be seeing the free use of BTC, MATIC, USDT and the city’s native LVGA token.
I do wish my country come around to accept it as a means of payment and transactions even though it would need be regulated, but it should come after setting up the proper mediums to facilitate its use and development.
April 05, 2024, 09:10:21 AM
I think it's safe to say that a lot of major countries aren't hostile to Bitcoin, but that's different from saying that there's widespread acceptance and adoption. El Salvador remains one of the rare exceptions to Bitcoin adoption. As for Lugano, it's not a country but a city with a population of less than 100k people, and it's located in Switzerland, which is famous for its focus on financial stability and on doing things their own say. Oh, and the article is actually about their stablecoin (although a fact of Bitcoin payments being accepted is also mentioned), so it's somewhat misleading to mix Bitcoin with a stablecoin and somehow discuss them as the same thing.
April 05, 2024, 08:29:02 AM
The title has nothing to do with the article and seems like nobody is bothering actually reading it!
First, the real title of the article is
So crypto! not Bitcoin!
Second, the crypto that is mostly used is
A centralized, stable currency, that you cannot exchange anywhere and you can't withdraw to your own noncustodial wallet with the city having complete control over the funds!
First, the real title of the article is
Quote
It won’t be long before crypto plays a role in daily payments beyond Lugano
The Swiss city of Lugano is allowing its residents and visitors to use cryptocurrency for everyday transactions — including their tax payments.
The Swiss city of Lugano is allowing its residents and visitors to use cryptocurrency for everyday transactions — including their tax payments.
So crypto! not Bitcoin!
Second, the crypto that is mostly used is
Quote
The Swiss city of Lugano provides the best evidence of what’s possible: More than 15% of its citizens use the city’s LVGA stablecoin to pay their bills, make purchases at shops and restaurants, and access online services on a daily basis.
A centralized, stable currency, that you cannot exchange anywhere and you can't withdraw to your own noncustodial wallet with the city having complete control over the funds!
April 05, 2024, 08:05:25 AM
a tx costs a few dollars so while not ideal for legal tender for everyday purchases, these larger payments are worth it due to how fast the payments are. Bank transfers take a preposterous length of time in current year.
Yes, its true that sometimes the fees of a bitcoin transaction are always exorbitant, but thats where the Bitcoin lighting network and inter-exchange transaction comes into play, because taking a look about how the Bitcoin adoption was been done in El Salvador whereby theSalvadoran government went about launching a special Bitcoin custodial wallet app called “Chivo Wallet,” which was used to allow its citizen trade digital assets such as Bitcoins and US dollars (USD) without paying any transaction fees. if such method can be done in Lugano, it will literally go a long way saving people from the high transaction fees, most especially when the mempool is congested.
NOTE: Adoption of Bitcoin as a legal tender, is not a thing done in a rush, but what can be achieved in a gradual process.
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April 05, 2024, 08:01:18 AM
For those still skeptical about cryptocurrency's role in the future of finance, recent developments underscore its growing significance as a payment system.
With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.
It is understandable for people to be skeptical about Bitcoin because this is always the impression people have of an innovative technology before fully understanding its true purpose. However, please don't get it twisted because organizations like Google, and Wikipedia do not directly support Bitcoin payments. What they did was collaborate with Coinbase, and Paypal respectively.With major institutions and countries embracing BTC as a legitimate form of payment, the security of BTC holders' future is increasingly evident. Notably, global giants such as Google, Microsoft, and Wikipedia now facilitate transactions in crypto.
Having said that, new about the City of Lugano's officially accepting cryptocurrency as a legitimate form of payment shouldn't surprise us based on the Switzerland government's stance toward cryptocurrency.
April 05, 2024, 07:50:38 AM
I'm not sure what's particularly new in this news. I've been reading news about the Switzerland city of Lugano being friendly with Bitcoin. Is Cointelegraph just recycling news or there's a new development about Lugano's Bitcoin adoption?
I share the same thought. There's nothing new about the news and it's obvious cointelegraph has nothing new to write about, instead it chooses to be spinning old news. Also, I don't know why op had to mislead people into thinking that Bitcoin is now a legal tender in Lugano with the title. I read the article and it never said so. I've also searched on Google if I'd see other crypto media sources reporting about it but I got nothing.
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