{"id":220944,"date":"2022-02-22T17:00:52","date_gmt":"2022-02-22T17:00:52","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=220944"},"modified":"2022-02-22T15:08:03","modified_gmt":"2022-02-22T15:08:03","slug":"tether-to-transform-lugano-into-europes-bitcoin-capital","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tether-to-transform-lugano-into-europes-bitcoin-capital\/","title":{"rendered":"Tether to transform Lugano into Europe\u2019s Bitcoin capital"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Collaboration with <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">Tether<\/a>\u00a0is about to help Lugano transform itself into Europe\u2019s crypto capital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The issuer of the largest stablecoin on the market announced the partnership on Twitter, revealing it has a special &#8220;Plan B&#8221; for Switzerland\u2019s ninth-largest city.<\/span><\/p>\n<h2><strong>\u201cLugano\u2019s Plan B\u201d<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">According to Tether\u2019s Twitter announcement, the stablecoin issuer is looking to help revolutionize the financial sector in the city, which has already become known for its crypto and blockchain fancy.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&ref_src=twsrc%5Etfw\">#bitcoin<\/a> and stablecoins are revolutionizing the financial sector. <a href=\"https:\/\/twitter.com\/hashtag\/tether?src=hash&ref_src=twsrc%5Etfw\">#tether<\/a> and The City of Lugano\ud83c\udde8\ud83c\udded <a href=\"https:\/\/twitter.com\/luganomycity?ref_src=twsrc%5Etfw\">@luganomycity<\/a> are teaming up to transform Lugano into the European <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&ref_src=twsrc%5Etfw\">#bitcoin<\/a> capital.<\/p>\n<p>Every city needs a plan. Join Lugano&#39;s Plan \u20bf <a href=\"https:\/\/t.co\/wmhFVePcPo\">pic.twitter.com\/wmhFVePcPo<\/a><\/p>\n<p>&mdash; Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1495709553010397185?ref_src=twsrc%5Etfw\">February 21, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">It remains unclear how exactly Tether is planning to do so, but more details are expected to be revealed on March 3, as the announcement included an invitation for an event titled \u201cLugano\u2019s Plan B\u201d\u2013alluding that <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> could be playing a central role in the vision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The announced speakers\u2013Lugano\u2019s Mayor Michele Foletti and Tether CTO Paolo Ardoino are expected to discuss the intricacies of this intriguing and, thus far, mysterious collaboration.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We at <a href=\"https:\/\/twitter.com\/Tether_to?ref_src=twsrc%5Etfw\">@Tether_to<\/a> and the Administration of the City of Lugano \ud83c\udde8\ud83c\udded have been tirelessly working together to prepare Lugano&#39;s Plan \u20bf!<\/p>\n<p>3rd March 2022 , I&#39;ll join <a href=\"https:\/\/twitter.com\/MicheleLugano?ref_src=twsrc%5Etfw\">@MicheleLugano<\/a> (mayor) in a live conference, to disclose the plan!<br \/>100% <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&ref_src=twsrc%5Etfw\">#crypto<\/a> will relocate to Lugano \ud83e\udd2f<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&ref_src=twsrc%5Etfw\">#Bitcoin<\/a>\ud83c\udde8\ud83c\udded\u26a1\ufe0f <a href=\"https:\/\/t.co\/dely2sBeNM\">https:\/\/t.co\/dely2sBeNM<\/a><\/p>\n<p>&mdash; Paolo Ardoino (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1495712744917635072?ref_src=twsrc%5Etfw\">February 21, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Lugano fancies crypto<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Earlier in November, the Swiss city with a population of 69,000 <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/lugano-nft-week-lugano-is-becoming-a-blockchain--crypto-friendly-city-301432197.html\"><span style=\"font-weight: 400;\">declared<\/span><\/a><span style=\"font-weight: 400;\"> its ambition to mold itself into a crypto-friendly center.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the city\u2019s digital innovation laboratory, \u2018Lugano Living Lab,\u2019 promoted an unprecedented exhibition that explored the emerging world of NFTs, hosting a series of events and dedicated workshops, Lugano celebrated the <\/span><a href=\"https:\/\/www.3achain.org\/en\/\"><span style=\"font-weight: 400;\">launch<\/span><\/a><span style=\"font-weight: 400;\"> of its very own blockchain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We have always followed the development of new technologies very closely and we have identified blockchain as a topic of great interest for both multinational and local companies, citizens and businesses. We believe that a city must be at the service of citizens and with these initiatives we intend to place Lugano as a top-level player on the international scene, for all applications related to this technology,&#8221; Foletti commented on the event.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In late 2020, the city launched the MyLugano app and the LVGA Points citizen payment token, which was followed up with the creation of Lugano\u2019s very own institutional blockchain\u2013dubbed \u20183Achain.\u2019<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Promoted by the city, 3Achain runs on a Proof-of-Authority consensus algorithm, and is based on the Quorum solution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The open-source blockchain solution for business and industrial applications is anchored to the Ethereum network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite its small population, Lugano\u2019s crypto adoption could resonate loudly in the space that is still fighting its way out of the regulation-weary phase.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Collaboration with Tether\u00a0is about to help Lugano transform itself into Europe\u2019s crypto capital. The issuer of the largest stablecoin on the market announced the partnership on Twitter, revealing it has a special &#8220;Plan B&#8221; for Switzerland\u2019s ninth-largest city. \u201cLugano\u2019s Plan B\u201d According to Tether\u2019s Twitter announcement, the stablecoin issuer is looking to help revolutionize the [&hellip;]<\/p>\n","protected":false},"author":699,"featured_media":220981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[76769,72860],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether to transform Lugano into Europe\u2019s Bitcoin capital<\/title>\n<meta name=\"description\" content=\"Collaboration with the issuer of the largest stablecoin on the market\u00a0is about to help Lugano transform itself into Europe\u2019s crypto capital.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/tether-to-transform-lugano-into-europes-bitcoin-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether to transform Lugano into Europe\u2019s Bitcoin capital\" \/>\n<meta property=\"og:description\" content=\"Collaboration with the issuer of the largest stablecoin on the market\u00a0is about to help Lugano transform itself into Europe\u2019s crypto capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/tether-to-transform-lugano-into-europes-bitcoin-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-22T17:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-22T15:08:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/lugano-tether.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ana Grabundzija\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ana Grabundzija\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/tether-to-transform-lugano-into-europes-bitcoin-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/tether-to-transform-lugano-into-europes-bitcoin-capital\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#person\",\"name\":\"Ana Grabundzija\",\"url\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"caption\":\"Ana Grabundzija\"},\"jobTitle\":\"Journalist\",\"description\":\"Dr. Ana Grabundzija is a Zagreb-bred writer with an academic background in anthropology. 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In her Ph.D., she focused on the diffusion and adoption of new technologies. Her research on the spread of technological innovation in ancient societies led to a modern-day fascination with crypto and it\u2019s real-time evolution. She is currently based in Berlin immersed in the vibrant scenes of both Crypto and Techno.","url":"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/220944"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/699"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=220944"}],"version-history":[{"count":3,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/220944\/revisions"}],"predecessor-version":[{"id":220983,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/220944\/revisions\/220983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/220981"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=220944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=220944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=220944"},{"taxonomy":"prediction_market_topic","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/prediction_market_topic?post=220944"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=220944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}