fast food king McDonald’s announced that it will accept payments in cryptocurrencies at a restaurant in Lugano, Switzerland, in an effort to become a “crypto payment friendly” business. Although the business currently only accepts payment with one coin, it is possible to say that they have taken an important step in this regard. The region where the restaurant in question is located is defined as one of the regions where crypto adoption is high in Western Europe.
Koinfinans.com As we have reported, in a short video shared by Bitcoin Magazine, when someone who orders at the restaurant in question comes to the payment stage, they can use a mobile application. bitcoin You can choose to pay with In addition to the Bitcoin payment, the Tether (USDT) logo is also clearly visible during the payment phase. Although this is interpreted as an important development, the city of Lugano announced in March this year that it officially accepts payments with Tether, Bitcoin and LVGA tokens to be crypto payment friendly.
The city of Lugano announced on March 3, 2022 that it had signed a memorandum of understanding with Tether Operations Limited, initiating a “Plan B”. Under this plan, Tether has created two funds, with the first fund a 100 million Swiss franc ($106 million) investment pool for crypto startups and the second fund to support 3 million Swiss francs (about $3 million) initiatives to encourage adoption. Businesses located in the city within the scope of the plan crypto payments intended to make progress.
In addition to allowing citizens living in the city of Lugano to pay their taxes using crypto, the project; It aims to expand payments to parking tickets, utilities, and tuition fees for students. More than 200 stores and businesses in the region are also expected to accept crypto payments for goods and services.
Speaking to Cointelegraph in June, Paolo Ardoino, CTO of Tether and Bitfinex, announced a two-week training session on blockchain and cryptocurrencies in the city, explaining that Plan B is “going great.”
El Salvador became the first country in the world to allow the legal use of Bitcoin in September 2021. Since then, McDonald’s has accepted Bitcoin at all 19 outlets in the country.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.