Lugano's Plan ₿ is a joint initiative between the City of Lugano and Tether to transform the city's financial infrastructure by accelerating the use of and leveraging Bitcoin technology. The plan aims to integrate blockchain and Bitcoin into all aspects of daily life in Lugano, from small transactions to larger payments like taxes. It is a comprehensive project that includes investments, education, a dedicated hub, and the use of crypto for payments.
Plan ₿ is a collaborative effort between the City of Lugano and Tether. The initiative is a strategic response to the growing interest in decentralized technologies and seeks to position Lugano as an innovative and forward-thinking city.
Financial Investment:
Established a 100M+ CHF investment pool for startups focused on Bitcoin and blockchain technology.
Created a 3M CHF investment fund to help local businesses integrate Bitcoin, Tether, and LVGA payments.
Education Initiatives:
Launching specialized training courses on Bitcoin and blockchain at local universities.
Awarding 500+ grants to students and young professionals to support education in blockchain-related fields.
Community Hub:
Established PoW.Space, a co-working hub for Bitcoin and peer-to-peer technology enthusiasts, hosting over 300 people.
Crypto Payments:
Bitcoin, Tether (USDt), and LVGA are accepted for paying taxes and public services.
A growing number of merchants in Lugano accept payments in LVGA, BTC, USDt, and offer a 10% cashback in LVGA.
Sustainable Mining:
Support for the development of sustainable Bitcoin mining facilities in the region.
Ongoing Activities:
Continue to invest in blockchain and bitcoin startups.
Continue offering courses and grants to promote education and innovation.
Continue to develop PoW.Space as a hub for blockchain experts.
Expand crypto payment options in local businesses.
Promote sustainable Bitcoin mining practices.
Future Goals:
To fully integrate blockchain and Bitcoin into the financial infrastructure of the city.
To establish Lugano as a hub for Bitcoin and blockchain.
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