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#Swiss Town Accepts #Bitcoin as #Payment for #MunicipalServices

Zug Bitcoin Accepted

In the idyllic, sleepy town of #Zug in #Switzerland , a city council meeting today saw the authority decide to accept #bitcoin as a valid #payment for municipality services as a part of a pilot program.

Already a burgeoning #Fintech destination, the town of Zug in Switzerland (some call it Crypto Valley, with over 15 industry-relevant companies) is further endearing itself as the go-to destination for startups and companies in the bitcoin and #blockchain industry by having its public set a welcoming example by adopting the #cryptocurrency .

In a report by local publication StadZug today, town mayor Dolfi Müller stated:

"We want to express our openness to new technologies by expressing our own experiences (with bitcoin). We will invite Fintech companies in Zug to exchange ideas with the City Council.

Our goal is to meet their needs for optimal development in our thriving economic environment."

Within a few years, the region has developed a cluster of companies in the digital financial sector (FinTech). "Crypto Valley" already includes more than 15 companies. By accepting Bitcoins as payment, the city council wants to set an example for the FinTech companies and the public.......

Read More@stadtzug>>

Read Article@CCN>>

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