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Plan B Foundation Rolls Out Large Scale Crypto Payments in Lugano, Onboards McDonalds and More  

The Foundation in Collaboration with GoCrypto, Launch Tether, Bitcoin Payments in Lugano Switzerland 

LUGANO, Switzerland, 4 Oct 2022 –  Plan ₿ Foundation, a joint initiative between the City of Lugano and Tether, the technology company supporting the blockchain-enabled platform that powers the largest stablecoin by market capitalisation (USD₮) announced today a collaboration with GoCrypto to officially bring Bitcoin, Tether and LVGA payments to the city of Lugano. 

Plan ₿, founded by Tether and the city of Lugano, aims to scale Bitcoin and stablecoin adoption throughout the city to positively impact all facets of daily life for the residents of Lugano. It will accelerate the use of and leverage bitcoin technology as the foundation to transform the city’s financial infrastructure.

“Earlier this year, Lugano and Tether signed a memorandum of understanding to launch a strategic collaboration through several initiatives, including to help local businesses integrate their existing payment services with the permitted stablecoins and Bitcoin,” said Paolo Ardoino, CTO of Tether. “We have been working together to ensure the technological infrastructure is in place to support this and today we watch all of that hard work come to fruition.” 

As of today, GoCrypto payments will be available at nearly a dozen merchants throughout the city, including McDonalds, art galleries and more. Citizens can easily make payments in USD₮, Bitcoin Lightning and LVGA, using their wallets. Over the course of the next 25 days the city seeks to enable even more businesses to accept crypto payments. They foresee servicing over 2000 customers at the upcoming Plan ₿ Forum, the star-studded bitcoin conference taking place in the city on October 28-29, 2022. By end 2023, the Plan ₿ Foundation aims to enable more than 2500 merchants to accept Bitcoin, Tether and LVGA, three crypto currencies.

To learn more about the Plan ₿ Foundation or to buy tickets to the Plan ₿ Forum please visit: https://planb.lugano.ch/planb-forum/

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