Topic: BTC Now Official Currency in Lugano: Another Milestone for Cryptocurrency - page 3. (Read 455 times)
April 04, 2024, 04:01:37 PM
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.
April 04, 2024, 02:19:45 PM
Nice, it looks like it takes more than 2 years before this to happen which i guess is enough for a authority body to decide what good and bad effect it will take to their governments. Congrats! I wonder if there are people in this forum came from that city. Feel free to share your experience there 
April 04, 2024, 02:06:00 PM
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
There was a topic titled Swiss City of Lugano to Make Bitcoin Legal Tender which discussed Bitcoin adoption in this city extensively. It's a piece of good news that the government of the city is promoting the use of Bitcoin in the city. But I am also skeptical because unlike El Salvador which legalized only Bitcoin the city is also promoting some altcoins and a stablecoin. Although I am in support of this move I think this is just a strategy of the City government to attract more tourists and crypto investors to the city since Bitcoin is already legal in Switzerland. However, the City government of Lugano should be praised for accepting Bitcoin for the tax payments.
April 04, 2024, 01:03:55 PM
This are the kind of news we like to hear and going through the link shared by Op, the government are not just accept bitcoin as a payment method but also their administrative also work with Bitfinex in developing bitcoin payments via lightening network, this shows they have planned against the biggest hurdle the people there may face against using bitcoin as a means of payment via setting a LN platform, now small payment can be done there without thinking about tx fee.
And also they set up about 400 merchant accepting digital assets, though not only bitcoin are they accepting as digital currency for payments including their own city’s native LVGA token.
This is good initiative which may influence other cities and states in Switzerland to follow them also
And also they set up about 400 merchant accepting digital assets, though not only bitcoin are they accepting as digital currency for payments including their own city’s native LVGA token.
This is good initiative which may influence other cities and states in Switzerland to follow them also
April 04, 2024, 12:16:47 PM
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
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