Switzerland McDonald’s Starts to Accept Crypto

Swiss MacDonald’s Now Accepting Crypto

MacDonald’s Restaurants, the behemoth multinational fast food chain is among the very first brand names to start to accept popular cryptocurrencies such as Bitcoin, Tether and LVGA as a payment method in the little town of Lugano, Switzerland, which are early adopters of crypto in Western Europe

This video shows ordering food at a McDonald’s digital kiosk and then paying for it at the regular register with the help of a mobile app was uploaded on Twitter and Facebook.

On March 3, 2022, the city signed a memorandum of understanding with Tether Operations Limited, launching the so-called “Plan B.” According to this plan, Tether has created two funds — the first one is a $106 million, or 100 million Swiss francs, investment pool for crypto startups, and the second is around $3 million, or 3 million Swiss francs, attempt to encourage the adoption of crypto for shops and businesses across the city.

In addition, the city is allowing Lugano residents to pay their taxes using crypto and the project will continue eventually accepting payments to parking tickets, public services and tuition fees for students. More than 200 shops and businesses in the area are also expected to accept crypto payments for goods and services.

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Crypto Admin
Author: Crypto Admin

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