In a idyllic, exhausted city of Zug in Switzerland, a city legislature assembly currently saw a management confirm to accept bitcoin as a current remuneration for municipality services as a partial of a commander program.
Already a burgeoning Fintech destination, a city of Zug in Switzerland (some call it Crypto Valley, with over 15 industry-relevant companies) is serve endearing itself as a go-to end for startups and companies in a bitcoin and blockchain attention by carrying a open set a welcoming instance by adopting a cryptocurrency.
In a news by internal announcement StadZug today, city mayor Dolfi Müller stated:
We wish to demonstrate a honesty to new technologies by expressing a possess practice (with bitcoin). We will entice Fintech companies in Zug to sell ideas with a City Council.
Our idea is to accommodate their needs for optimal growth in a abounding mercantile environment.
The commander module to welcome a cryptocurrency will see a city legislature oversee by primarily tying bitcoin payments’ homogeneous to 200 Swiss Francs for metropolitan services.
The module will final until