Plan ? Foundation, an organization dedicated to furthering bitcoin and stablecoin adoption, just onboarded the City of Lugano, Switzerland enabling bitcoin and stablecoin payments, according to an announcement.
The foundation, founded by the same people who founded Tether and the City of Lugano, intends to expand the adoption of bitcoin across the city by optionally impacting all daily activities for residents in the city.
Additionally, while providing optionality in the form of payments, the foundation intends to transform the existing financial infrastructure in the city. In order to scale across the entire city, the foundation partnered with GoCrypto, a cryptocurrency payments service provider.
“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.
GoCrypto payments are now available at almost a dozen merchants across the city including businesses such as McDonald’s and art galleries. Over the next 25 days the functionality is expected to expand to enable more businesses in Lugano to accept bitcoin.
Thus, the foundation expects to service over 2,000 at the upcoming Plan ? Forum, a conference taking place from October 28-29. By the end of the year, the organization plans to enable over 2,500 merchants to accept bitcoin payments.