On December 5, 2023, the City of Lugano took a revolutionary step in the financial landscape, announcing the acceptance of Bitcoin (BTC) and Tether (USDT) for the payment of all invoices issued by the municipal administration. This pioneering initiative not only expands payment options, but marks a new chapter in the evolution of financial services offered by the Swiss city.
Flexible and modern payments for the entire community
The introduction of this payment option represents a leap forward towards cutting-edge financial services. Now, citizens and companies can use cryptocurrencies to pay any invoice issued by the City, without any restrictions on the nature of the service, amount invoiced or type of tax.
Extension to previous payments and automation of the process
The novelty is not limited to the new invoices; the City of Lugano also allows payment in cryptocurrencies for invoices issued previously and not yet paid. A distinctive aspect of this solution is the complete automation of the payment process. Through a QR code identical to that of paper invoices, citizens can scan the invoice and complete the payment in just a few clicks.
Chief Clients Officer at Bitcoin Suisse AG
Bitcoin Suisse AG: key partner for the success of the initiative
The technical and financial part of this innovation is entrusted to Bitcoin Suisse AG, a financial intermediary compliant with Swiss AML/CFT regulations and member of the self-regulatory body Financial Services Standards Association (VQF). The City of Lugano thanks Bitcoin Suisse AG for its support in the implementation of this innovative payment method.
A step towards the financial future
With this bold move, the City of Lugano positions itself as a pioneer in the unlimited acceptance of cryptocurrencies, helping to make payments more flexible and modern for the entire community. Innovation does not only concern citizens, but also opens new perspectives for companies, demonstrating Lugano's constant commitment to creating advanced and inclusive financial solutions.
For more details on the payment process and instructions, you can visit the page lugano.ch/crypto.
