Multinational fast-food chain giant McDonald’s now accepts Bitcoin (BTC) and Tether as a payment method in the Swiss Town of Lugano. With this initiative, McDonald’s has become a hotspot for crypto adoption in Western Europe.
The news broke out when Bitcoin Magazine tweeted a one-minute video of ordering food on McDonald’s digital kiosk and then paying it at their regular register with the help of a mobile app. Along with this, the Tether (USDT) logo was also spotted next to the Bitcoin symbol on the credit cash machine.
The move comes after the city of Lugano declared in March 2022 that it would now accept Bitcoin, Tether, and the LVGA token as legal tender.
Furthermore, the city also signed an MoU with Tether Operations Limited, launching the so-called “Plan B”. This plan suggests that Tether has created two funds – the first one is a $106 million or 100 million Swiss francs investment pool for crypto startups.
The other one is around $3 million or 3 million Swiss francs which will be dedicated to encouraging the adoption of crypto for shops and businesses across Lugano.