Inside the Swiss city where you can pay for almost everything in Bitcoin - Coin Telegraph

Key takeaways

• -Adoption is voluntary. Merchants participate because Bitcoin Lightning fees are typically under 1%, compared with the roughly 3% average charged by credit card networks.

• -Residents can pay municipal bills, including taxes, parking fines and tuition, in BTC or USDT using standard QR-code invoices.

• -The city balances the ecosystem by using BTC for payments, USDT for stability and LVGA as a local loyalty token.

• -The city does not hold volatile crypto assets. Payments are converted instantly into Swiss francs (CHF) through Bitcoin Suisse, limiting the city’s exposure to crypto price volatility.

Story continues: https://cointelegraph.com/news/inside-the-swiss-city-where-you-can-pay-for-almost-everything-in-bitcoin