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The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Luganoâs appeal as a vibrant financial center is its commitment to the adoption and usage of cryptocurrencies.
  On the 3rd of March 2022, the City of Lugano and Tether Operations Limited signed a Memorandum of Understanding to collaborate on an initiative called Plan B, meant to make Lugano one of Europeâs and the worldâs main hubs for digital innovation with a focus on blockchain technologies. A part of this plan would always be to bring crypto payments to the whole community, providing everyone with the opportunity to enjoy faster, safer, and less expensive payments.
 Utrust will be providing crypto payments infrastructure both for government services and all e-commerce businesses. Utrustâs solution allows people to make seamless payments through cryptocurrencies such as Tether & Bitcoin (including Lightning Network).
 Utrust has created the worldâs first crypto payment solution to offer instant transactions, buyer protection, and crypto-to-cash settlements. Now, this ability to provide cheaper, faster, and safer payments for users worldwide and near-instant and secure global settlements at a trivial cost, accessible to merchants globally, will be put at the service of the entire City of Lugano.
 Michele Foletti, Mayor of Lugano stated:Â
 âIn Lugano, we are making living on crypto a reality. These currencies are the future of money, the advantages are obvious, and we are very proud to be one of the first communities to move forward with adoption. Lugano is leading the wayâ.
The first part of this plan will happen at a municipal level. All services provided to the cityâs government will be payable in crypto through the Utrust widget. This includes anything, from services and fees to citizens paying their taxes.
 Sanja Kon, Utrust CEO stated:Â
 âPayments are an integral part of almost all economic activity, and, consequently, human activity. Making them easier, faster, and safer, and removing intermediaries from the process, is maybe the optimal way of improving the way we lead our lives in general. Luganoâs decision to bring this technological advancement to the entire city is a tremendous move and Utrust is proud to be the chosen partner to make it happenâ
The second stage of the process will be to offer Utrustâs solution to all interested e-commerce merchants operating in the city. This will empower merchants not only in their local activities but also in their ability to engage in global trade. Depending on payment processors and geography, merchants can be charged up to 12% in fees. That amount, which can easily mean the difference between profitability and bankruptcy, can be lowered by 90% with Utrustâs gateway.
 Paolo Ardoino, Tether CTO stated that:Â
 âThis technology is the future. Payments should happen near-instantly, globally, and at a trivial cost. Anything else is obsolete. Now, for the first time, an entire city will have the tools to make it a reality for tens of thousands of people. The implications are hard to overstate, and we are thrilled to be the ones to make it happen.â
Michelle Foletti, Mayor of Lugano, Sanja Kon, Utrust CEO, and Paolo Ardoino, Tether CTO, are all available for further comments and interviews
 About Utrust
Web3 payments technology. The radically better way to pay and get paid globally. Utrust is the leading cryptocurrency payment solution designed to modernize the financial and payments industry and solve the problems of traditional payment methods by enabling instant transactions, buyer protection, and instant crypto-to-cash settlements for merchants.
Utrust Socials
Twitter - https://twitter.com/utrustÂ
Telegram - https://t.me/utrustofficial
Medium - https://medium.com/utrust
Facebook - https://www.facebook.com/utrust.io/
Instagram - https://www.instagram.com/utrust_official/
LinkedIn - https://www.linkedin.com/company/utrust-payments/
Reddit - https://www.reddit.com/r/UTRUST_Official/
 Media Contact Details
Contact Email: press@bitcoinprbuzz.comÂ
Disclaimer: This is a paid post and should not be treated as news/advice.
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The post Utrust & Lugano are bringing crypto payments to an entire city appeared first on AMBCrypto.
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