Polygon will help Lugano achieve its goals by providing rails to facilitate some of the transactions.
Lugano, one of Switzerland’s most popular tourist destinations, has adopted the Polygon network, a Layer 2 scaling solution built on the ethereum ecosystem to accelerate its crypto evolution.
in a technology/blog/city-of-lugano-upgrades-payment-app-to-add-polygon-pos” target=”_blank” rel=”nofollow noopener”>advertisement On November 22, Polygon said that the cryptocurrency-friendly Swiss city has updated its MyLugano payments platform by integrating its Proof-of-Stake (PoS) network to make payments more accessible to people in the European region.
Innovative local payment tool
Lugano, the economic hub of Italian-speaking southern Switzerland, has become one of the world leaders in accelerating cryptocurrency adoption through its payment app. The local payment platform, the MyLugano app, was developed in collaboration with stablecoin issuer Tether to enable crypto payments.
The platform, which currently serves more than 30,000 users in the city, has now enhanced its capabilities with the addition of Polygon, cementing its already existing partnership with the network.
Polygon said adding its PoS chain to the app has transformed the platform into an innovative local payment tool, allowing users to explore other decentralized applications (dApps) hosted on the network. According to the announcement, the updated version of MyLugano now features “an assets section that allows users to activate and manage a multi-chain digital wallet for personal custody.”
The platform won the prestigious IEEE Smart City award, becoming the most famous city with highly innovative, high-impact and value-added technological projects. The local payment app also partnered with the DFINITY Foundation in September to add support for Chain-Key bitcoin (ckBTC), a multi-chain “twin” of bitcoin running on the Internet Computer (ICP) blockchain.
With these additions, the MyLugano payments platform is expanding its offering, giving users more opportunities to purchase goods and carry out transactions with different virtual assets.
Lugano will launch the first nft creations
In addition to upgrading its payments platform, the Swiss city of Lugano is setting its sights on the world of non-fungible tokens (NFTs) to further strengthen its presence in the crypto space.
Polygon said in the announcement that the city is preparing to launch its inaugural nft collection, dedicated to the artistic creations of Yuri Catania. The digital masterpiece called LVGA/XY Flowers was created using the gluing technique and is designed to gradually fade away.
The creation of nft is the result of a collaboration between Lugano and Lugano Living Lab. With an impressive length of 40 meters and a height of 8 meters on the wall of the Palazzo dei Congressi, the digital artwork called on the talent of several hundred people during its creation.
With this move, Lugano aims to transform the picturesque lakeside city in southern Switzerland into the blockchain capital of Europe.
The city plans to allow its citizens and businesses to use bitcoin (btc), Tether’s USDT stablecoin, and LVGA, the city’s stablecoin, to pay their annual taxes, parking tickets, utilities, and student tuition fees, paving the way the path for cryptocurrencies. becoming legal tender in the city.
As one of its partners, Polygon will help Lugano achieve its goals by providing rails to facilitate some of the transactions.
While the city of Lugano is still making plans to start allowing people in the region to pay taxes using digital assets, two cities in the country, the canton of Zug and Zermatt, another popular tourist destination in Switzerland known for its skiing, are already They are allowing their residents to pay taxes in select cryptocurrencies.
next
