The city of Lugano will accept Bitcoin, Tether and LVGA tokens as ‘de facto’ legal tender By Cointelegraph

Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as “de facto” legal tender as part of a partnership with (U.

Speaking at the city’s Plan B event on Thursday, Tether chief technical officer Paolo Ardoino said the firm had set up a 3 million-Swiss franc fund in collaboration with Lugano officials to encourage adoption of (BTC), Tether (USDT) and the LVGA token for shops and businesses across the city. Ardoino said the project was aimed at attracting talent from the space to Lugano and making the city a major blockchain hub in Europe.