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Swiss City of Zug Will Accept Bitcoin For Public Service Payments (techweekeurope.co.uk)
Slashdot reader Mickeycaskill writes: The Swiss city of Zug, famed for its financial sector and low tax rates, will accept Bitcoin as payment for public services up the value of 200 Swiss Francs.The city council hopes the use of digital currencies will help stimulate the local fintech sector and promote the region as a financial hub. If the trial is successful, the value of transactions could be increased and other towns in the canton will join in.
"We want to express our openness to new technologies," said Mayor Dolfi Muller. "We will invite FinTech companies in Zug to meet with the City Council to exchange ideas. Our goal is to provide the best environment for their development."
"We want to express our openness to new technologies," said Mayor Dolfi Muller. "We will invite FinTech companies in Zug to meet with the City Council to exchange ideas. Our goal is to provide the best environment for their development."
One should be able to pay electricity bills with Bitcoins.
That would give an important perspective.
Actually Paypal is the preferred "currency" of ransomware. But dont let the facts stop you.