Thursday, May 12, 2016

Swiss municipality now accepting Bitcoin as payment for public services

One of the underlying ‘aces in the hole’ that the crypto-currency Bitcoin has always had is that as cities, states, and even sovereign countries find themselves in monetary or liquidity crises, all political opposition against Bitcoin would cease as these entities would suddenly be willing to accept any form of currency at all costs.
And while the Swiss town of Zug is not quite in that situation, on May 11 the municipal government there announced that they were now accepting the digital currency as a viable payment for public services.


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