El Salvador & Lugano sign MOU to spread Bitcoin Adoption

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The nation of El Salvador and the Swiss City of Lugano have signed a memorandum of understanding (MOU) to spread bitcoin adoption regionally in addition to in neighboring states and nations.

El Salvador ambassador to the US Milena Mayorga and the mayor of town of Lugano Michele Foletti additionally introduced a brand new “bitcoin office” of the nation in Lugano. 

The info was disclosed by Mayorga showing at Lugano’s Plan B Forum. The new workplace will likely be staffed with a brand new Honorary Consul to encourage bitcoin adoption within the metropolis, Italy, and Europe as effectively.

At town’s Plan B occasion, Lugano Mayor Foletti cited El Salvador encouraging Bitcoin adoption as a part of town’s curiosity in changing into the pro-crypto area with the institution of a bodily authorities presence. 

The step is taken in an effort to foster cooperation with academic and analysis establishments. The metropolis has already been seen actively working to make bitcoin mainstream. Most not too long ago, McDonald’s has begun accepting Bitcoin and Tether as cost strategies within the Swiss Town of Lugano. 

With the Plan B initiative, Lugano plans to enable residents to use Bitcoin, Tether, and LVGA tokens as “de facto” authorized tender in lots of companies and retailers within the locality. It additionally plans on accepting crypto for paying taxes, public providers, parking tickets, and tuition charges.

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