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)
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The city of Zug, a Bitcoin pioneer [JKhS8MTCUWN]
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)
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swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events.
For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel:
Website: Channel: Subscribe: #bitcoin land #injective crypto