Lugano Embraces Bitcoin: A New Financial Experiment
Update: 2025-12-11
Description
In Lugano, Switzerland, a groundbreaking financial experiment is underway: Bitcoin is now a valid form of payment for goods and services. The city, in partnership with Tether, has distributed free cryptocurrency payment terminals to local businesses, making it a hub for digital currency transactions. While some shop owners like Cherubino Fry appreciate the lower processing fees, others express skepticism due to Bitcoins volatility and association with crime. Despite these concerns, Luganos mayor, Michele Foletti, remains optimistic about the potential economic benefits of this initiative.
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