McDonald’s began started to accept Bitcoin (BTC) as a form of payment in the city of Lugano, which is a hub for cryptocurrency adoption in Western Europe and is located in the Italian-speaking area of Switzerland.
On October 3, Bitcoin Magazine posted a one-minute video to Twitter showcasing the ordering of food at a McDonald’s digital kiosk and the payment of that item using a mobile app at the store’s checkout counter.
It is not surprising to see the Tether (USDT) logo next to the Bitcoin symbol on the credit cash machine because the city of Lugano said in March 2022 that it would accept Bitcoin, Tether, and the LVGA token as legal money.
The so-called “Plan B” was publicly launched on March 3, 2022, whenever the city and Tether Operations Limited signed a memorandum of understanding.
In accordance with this strategy, Tether has a maximum of 2 funds: the first is a $106 million (or 100 million Swiss francs) investment pool for cryptocurrency startups, and the second is a $3 million (or 3 million Swiss francs) initiative to encourage the adoption of cryptocurrency for stores and companies throughout the city.
The idea will expand payments to parking tickets, municipal services, and student tuition costs in addition to allowing Lugano residents to pay their taxes using cryptocurrency.
Furthermore, more than 200 local retailers and businesses are anticipated to accept cryptocurrency payments for goods and services.