The city also signed an MoU with Tether Operations Limited, launching the so-called “Plan B” to encourage the adoption of crypto for shops and businesses across Lugano.
Multinational fast food chain McDonald’s started to accept Bitcoin and Tether as a payment method in the 63,000-populated city of Lugano in the Italian-speaking region of Switzerland, which is becoming a hotspot for crypto adoption in Western Europe.
A one-minute video of ordering food on McDonald’s digital kiosk and then paying for it at the regular register with the help of a mobile app was uploaded on Twitter by Bitcoin Magazine on Oct. 3. The Tether (USDT) logo could be spotted next to the Bitcoin symbol on the credit cash machine, which is not surprising, as in March 2022 the city of Lugano announced it would accept Bitcoin, Tether and the LVGA token as a legal tender.
Furthermore, the city also signed an MoU with Tether Operations Limited, launching the so-called “Plan B”. This plan suggests that Tether has created two funds – the first one is a $106 million or 100 million Swiss francs investment pool for crypto startups.
In addition to allowing Lugano residents to pay their taxes using crypto, the project will extend payments to parking tickets, public services and tuition fees for students. More than 200 shops and businesses in the area are also expected to accept crypto payments for goods and services.