McDonald’s now accepts Bitcoin & Tether payments in the Swiss | Forex Directory ®
McDonald’s now accepts Bitcoin & Tether payments in the Swiss town of Lugano.
McDonald's, a multinational fast food chain started to accept Bitcoin $BTC & Tether $USDT as a payment method in the 63,000-populated city of Lugano in Italian Switzerland.
On March 3, 2022, the city signed a memorandum of understanding with Tether Operations Limited, launching the so-called “Plan B.” According to this plan, Tether has created two funds — the first one is a $106 million, or 100 million Swiss francs, investment pool for crypto startups, and the second is around $3 million, or 3 million Swiss francs, attempt to encourage the adoption of crypto for shops and businesses across the city.
In addition to allowing Lugano residents to pay their taxes using crypto, the project will extend payments to parking tickets, public services and tuition fees for students. More than 200 shops and businesses in the area are also expected to accept crypto payments for goods and services.
