In an general first, a Swiss city of Zug in executive Switzerland will start usurpation Bitcoin payments for supervision services on a hearing basis, a general use of a Swiss Broadcasting Corporation SwissInfo reports.
Zug residents will be means to make payments of adult to 200 Swiss francs ($205) regulating Bitcoin.
Mayor Dolfi Mueller pronounced that a Zug City Council wants to uncover a “openness to new technologies” and support to internal financial record companies, BBC News reports. The Zug area is famous as a “crypto-valley,” as it hosts some-more than a dozen companies specializing in Bitcoin-related activities.
The commander project, strictly authorized on May 3, will start on Jul 1 and continue until a finish of 2016. After an research of a results, a city will confirm either it wants to continue usurpation Bitcoin payments in a future.
“This is a initial time worldwide that bitcoins have been supposed as a banking on a state level,” pronounced Niklas Nikolajsen, co-founder and CEO of Bitcoin Suisse, a Bitcoin sell formed in Baar, not distant from Zug.
Engadget notes that a plan is an ideal testbed. Zug has a laissez-faire proceed to a economy, even for a comparatively market-libertarian meridian of