Swiss city Lugano accepts Bitcoin and Tether for municipal taxes
Swiss city of Lugano officially announced that it has started accepting Bitcoin and Tether as payment for taxes and all other community fees.
The Swiss city of Lugano is enhancing the local adoption of Bitcoin (BTC) by enabling citizens and companies to pay for municipal services and taxes with cryptocurrency.
The city of Lugano officially announced on Dec.
Starting immediately, Lugano will accept Bitcoin and the major stablecoin, Tether (USDT), as a means of payment in an automated process through the Swiss institutional-grade cryptocurrency platform, Bitcoin Suisse.
According to the announcement, Lugano citizens and companies will be able to pay all local invoices — regardless of the nature of the service or the amount invoiced — with cryptocurrencies like Bitcoin.
Residents of Lugano are able to pay taxes or services with Bitocin through the Swiss QR-bill by scanning the code on the invoice and paying with the preferred mobile wallet and the selected cryptocurrency.
Lugano’s latest crypto move is part of Plan B, a collaborative effort with Tether to use Bitcoin technology as the foundation for transforming the city’s financial system.
Related: Swiss crypto bank Seba rebrands to Amina amid global expansion
As previously reported, Lugano started adopting cryptocurrencies for tax payments as part of a collaboration with Tether in March 2022.
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Author: Helen Partz
