McDonald's starts accepting bitcoin payments in Lugano, Swit | Crypto_NFT
McDonald's starts accepting bitcoin payments in Lugano, Switzerland
Fast food restaurant chain McDonald's has begun accepting bitcoin payments in the Swiss city of Lugano.
A video with food ordering through an electronic kiosk and subsequent payment in cryptocurrency through a mobile application was published by Bitcoin Magazine.
On the terminal, in addition to the bitcoin symbol, there is the logo of the stablecoin Tether (USDT).
Back in March, Lugano authorities announced they would make digital gold, USDT, and the city's LVGA token "de facto" legal tender in the city. This became known during the Plan ₿ conference with the participation of Mayor Michele Foletti and CTO Tether Paolo Ardoino.
The decision was the development of a joint initiative to turn Lugano into the “European capital of bitcoin”, which the parties announced in February.
As part of the cooperation to develop the blockchain hub, Tether announced the allocation of at least 100 million Swiss francs (~$107 million) to a specialized fund. Local authorities allocated 3 million Swiss francs (~$3.21 million) for this purpose.
In addition to funding local blockchain startups, the funds are intended to support businesses integrating plan-related tools into day-to-day operations.
Recall that in September 2021, McDonald’s establishments in El Salvador began to accept bitcoin as payment after the law on the legalization of the first cryptocurrency in the country came into force.
