Financial officials of the Swiss city of Lugano say it’s “entirely possible” for Bitcoin, CBDC and stablecoins to coexist there
According to Paolo Bortolin, a financial official in Lugano, Switzerland, Bitcoin, CBDC, and stablecoins can "completely coexist" locally because they can provide services for different purposes for users. Previously, Lugano accepted Bitcoin and USDT as payment for taxes and other community fees in December 2023. In addition to BTC and USDT, Lugano also accepts local stablecoin LVGA based on blockchain for payment, which is designed for payment in the city.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ETH just had lowest quarterly return since Q2 2022: Blockworks Research
The network is at a “pivotal juncture,” Blockworks Research’s Marc-Thomas Arjoon said
Riot Platforms Hits Post-Halving Bitcoin Production High as It Expands AI Capacity
Solana Price Pattern Points to a 65% Surge as Key Metric Beats Ethereum by Far
GameStop just announced a $1.5 billion Bitcoin deal
Trending news
MoreCrypto prices
More
