Multinational fast-food chain McDonald’s has begun accepting bitcoins (BTC) as a payment method in Lugano, a city of 63,000 people in the Italian-speaking region of Switzerland.
A minute-long video of ordering food from a digital McDonald’s kiosk and then paying at a regular cash register using a mobile app was uploaded to Twitter by Bitcoin Magazine.
You can see the Tether (USDT) logo next to it as the city of Lugano announced in March 2022 that it will accept bitcoin, Tether and the LVGA token as legal tender.
On March 3, 2022, the city signed a memorandum of understanding with Tether Operations Limited. Under it, the cryptocurrency company created two funds: the first is a $106 million or CHF 100 million investment pool for crypto startups, and the second with a $3 million or CHF 3 million investment is for stores and businesses across the city that accept crypto payments.
In addition to allowing Lugano residents to pay taxes using cryptocurrency, the project will add payments for parking tickets, utilities and tuition. More than 200 stores and businesses in the area are expected to begin accepting cryptocurrency payments for goods and services.
Tether and Bitfinex CTO Paolo Ardoino said the collaboration is going great, plus the city is preparing a two-week educational course on blockchain and cryptocurrencies.