​​#MarketNews #Cryptocurrency #BTC MCDONALD’S STARTS TO ACCEP | Smart Forex Lab.

​​#MarketNews #Cryptocurrency #BTC

MCDONALD’S STARTS TO ACCEPT CRYPTOCURRENCIES

Truth be told, not just any crypto, but only bitcoins (BTC) or Tether stablecoins (USDT). And not in any McDonald's, but only in those in the Swiss city of Lugano.

In the spring of 2022, the city authorities signed a memorandum with Tether Operations Limited. And now, thanks to the implementation of this plan, Lugano residents can pay with cryptocurrency for hamburgers, utilities, parking tickets, and local taxes. Over time, around 200 outlets in Lugano are expected to support cryptocurrency acceptance, making this city of 63,000 perhaps Europe's leader in cryptocurrency adoption.

Meanwhile, the bitcoin rate continues to fluctuate sadly within the downward channel AB. Most likely, the bears are systematically putting pressure on the support line at 18500. It would be reasonable to assume that the search for long-term long positions in October may be premature as long as resistance line A remains relevant.

To take advantage of the rise and fall of cryptocurrencies, consider enlisting the services of a reliable broker like FXOpen.


CFDs are complex instruments and come with a high risk of losing your money.

This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.

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