| The city of Zug will be the first public authority in the world to accept the cryptocurrency Bitcoin. This pilot project, set to begin on July 1, 2016, will allow people to use the virtual currency to pay for services at the residents’ registration office for sums of up to CHF200. However, Bitcoin has been subjected to major fluctuations and critics fear that the city stands to lose money through the project. (SRF, swissinfo.ch)
— For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch |
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC).
Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.
Tags:
