The Swiss city has allowed to pay utility bills in Bitcoins

City Hall has decided to legalize Zug utilities in Bitcoins. So far, up to the end of this year as part of the experiment.

"We want to show our openness to new technologies on their own experience with Bitcoin, - said the mayor of the city Dolfi Müller (Dolfi Müller). - We welcome the company's financial technology sector to discuss their ideas with the mayor's office. Our goal - to satisfy their desire for the optimal development of our thriving economic environment »

. A small Swiss town of Zug is unusual - this is the place of dislocation of 15 companies that specialize in financial technology. Some even called him Kriptodolinoy, hinting at an unusually high concentration of high-tech companies are financial. So that the transition to the mayor's office Bitcoin does not look too shocking news.

During the pilot program enabled digital payment cryptocurrency payments of up to 200 francs ($ 205). Perhaps in the future will increase the limit, if the experiment proves successful.

Switzerland has a good record of compliance of political neutrality and protection of business, especially in the financial sector. In addition to these advantages, Zug offers to use one of the lowest tax rates in the world, so companies benefit register here. Not surprisingly, Zug and the neighboring town of Barr generate 3% of transactions in the global oil market.

Now the benefits of Swiss Life added more and adoption cryptocurrency.

Perhaps switching to cryptocurrency help reduce the negative effect of negative interest rates, which the central bank established in Switzerland, making storage unprofitable money in the national currency in bank accounts.

See. also:
We depart from the banking system. How to live only on the Bitcoin

Source: geektimes.ru/post/275582/