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Going to McDonald’s is a familiar experience for most readers, but paying at the popular fast-food chain with cryptocurrencies? That’s a different matter. Indeed, a project headed by Tether together with the municipality of Lugano, Switzerland will allow you to pay for your Big Mac and McFlurry with crypto.
This project was baptized as “Plan B” and its main objective is to introduce cryptocurrencies as an everyday means of payment for citizens. A total of 12 businesses in the area, including McDonald´s, will accept this type of exchange through the GoCrypto application. Art galleries and other businesses will also be included.
In addition to allowing city residents to pay with digital currencies in certain businesses, “Plan B” will also make it possible for them to pay their taxes, fines, utilities, and student fees in this way. According to reports, more than 2,000 people are expected to take part in this sort of experiment with cryptocurrencies in Switzerland.
“Earlier this year, Lugano and Tether signed a memorandum of understanding to launch a strategic collaboration through several initiatives, including helping local businesses integrate their existing payment services with the permitted stablecoins and Bitcoin,” said Paolo Ardoino, CTO of Tether.
As part of its collaboration to develop the blockchain hub, Tether said it would allocate at least $107 million to a fund dedicated specifically to the project. For its part, the local government allocated about $3.2 million.
This is not new for McDonald’s, since they started accepting bitcoin payments in El Salvador, after the popular cryptocurrency became legal tender in the Central American country.
Joaquín Núñez es hincha de Racing Club de Avellaneda y licenciado en comunicación periodística por la Universidad Católica Argentina. Se especializa en el escenario internacional y en la política norteamericana // Joaquín Núñez is a fan of Avellaneda's Racing Club and has a degree in journalistic communication from the Universidad Católica Argentina. He specializes in the international scene and American politics.