Global fast food chain, McDonald, has started accepting Bitcoin and Tether in Lugano, a town in Switzerland. The well-known fast food chain is among the first to embrace crypto payments successfully.
McDonald's has started to accept Bitcoin in 6300 city of Lugano, the Italian speaking region of Switzerland. This has made the region the center of crypto acceptance in Western Europe.
Merchants are now available to pay using Bitcoin, USDT and local payment token LVGA, which will bring new business opportunities to the city in the days to come. It’s been said that more than 200 shops and businesses in the same area are also expected to accept crypto payments for goods and services.
The company behind this act, the Plan ₿ Foundation, has aimed to enable more than 2500 merchants to accept these currencies.
With Lugano announcing to accept Tether, Bitcoin and the LVGA token, Tether logo will also stand next to Bitcoin on the credit cash machines.
A video has been shared to prove the authenticity of the news which shows a person at a McDonald’s station buying food and then paying in BTC at the register with a mobile app.
In addition to paying for food, the project is said to be extended to tickets, public services and tuition fees for students too.
Paolo Ardoino, Tether’s Chief Technology Officer (CTO), has commented about the collaboration of Tether and Lugano, by saying that this is a “a strategic collaboration” that aims to help businesses integrate their desired payment methods and achieve the best results. The Tweet reads:
“We have been working together to ensure the technological infrastructure is in place to support this and today we watch all of that hard work come to fruition.”
McDonald has a history in accepting Bitcoin as it started accepting it for the first time in El Salvador.