Swiss city Lugano accepts Bitcoin and Tether for municipal taxes - Enancial

The Swiss city of Lugano officially announced that it has started accepting BTC and USDT as payment for taxes and all other community fees.

The Swiss city of Lugano is enhancing the local adoption of Bitcoin (BTC) by enabling citizens and companies to pay for municipal services and taxes with cryptocurrency.

The city of Lugano officially announced on Dec.

Starting immediately, Lugano will accept Bitcoin and major stablecoin Tether (USDT) as a means of payment in an automated process through the Swiss institutional-grade cryptocurrency platform Bitcoin Suisse.

According to the announcement, Lugano citizens and companies will be able to pay all local invoices — regardless of the nature of the service or the amount invoiced — with Bitcoin.

Residents of Lugano are able to pay taxes or services with Bitcoin through the Swiss QR-bill by scanning the code on the invoice and paying with their preferred mobile wallet and the selected cryptocurrency.

Lugano’s latest crypto move is part of Plan B, a collaborative effort with Tether to use Bitcoin technology as the foundation for transforming the city’s financial system.

As previously reported, Lugano started adopting cryptocurrencies for tax payments as part of a collaboration with Tether in March 2022.