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Swiss city accepts crypto for municipal payments

News Team, 08/12/2023

The Swiss city Lugano has begun accepting payments for taxes and municipal services in cryptocurrencies Bitcoin and Tether.

Tether is a stablecoin with unit value pinned to the US dollar.

Bitcoin began being accepted for taxation in the northern Swiss canton Zug and the southwestern municipality of Zermatt in 2020.

Lugano, located in the South of the country near the border with Milan, announced that residents can now scan a QR code to pay city invoices.

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