Lugano, Switzerland, renowned as Europe’s crypto-friendly hub, has taken a decisive step towards reinforcing its position by seamlessly integrating Polygon’s Proof of Stake (PoS) into its widely acclaimed MyLugano payment application. This strategic move not only enhances the app’s functionality but also cements Lugano’s pioneering role in adopting blockchain technology at the municipal level.
Empowering MyLugano for Local Impact
MyLugano, a recipient of the prestigious IEEE Smart City Award, has played a pivotal role, connecting almost half of Lugano’s population—roughly 30,000 users—to the city’s loyalty program through its stablecoin, LVGA. The recent integration of Polygon’s PoS further solidifies MyLugano’s status as a local payment solution while opening doors to new horizons for users, providing effortless access to decentralized applications on the Polygon network.
Technical Advancements in MyLugano
The enhanced MyLugano app introduces a dedicated asset section tailored to cater to the needs of seasoned crypto users. This feature empowers users to activate and manage a multi-chain digital wallet for personal custody. Currently supporting multiple tokens with plans for future expansion, MyLugano promises a versatile and user-friendly experience.
Lugano’s Vision for Blockchain Capital and Cryptocurrency Adoption
Going beyond technical upgrades, Lugano envisions transforming its picturesque lakeside town into Europe’s blockchain capital. Ambitious plans encompass the acceptance of Bitcoin, Tether, and LVGA for various transactions, spanning taxes, parking fees, public services, and student tuition. The integration of Polygon PoS aligns perfectly with Lugano’s mission to facilitate seamless and efficient transactions, paving the way for widespread cryptocurrency adoption within the municipality.
Art Meets Technology: MyLugano’s NFT Collaboration
In a unique fusion of art and technology, MyLugano is poised to launch an exclusive NFT collection in collaboration with Lugano Living Lab. Titled “LVGA/XY Flowers,” this collection showcases the artistic brilliance of Yuri Catania—an impressive 40-meter long and 8-meter high masterpiece created using the paste-up technique. This artwork, set to evolve into a living green space adorned with over 2,000 paper flowers, will be immortalized as NFTs on the Polygon network. These artist-signed NFTs will be distributed to participants involved in the collaborative creation of this groundbreaking piece.
MyLugano’s Impact on Local Commerce and Reputation
MyLugano, a joint initiative between the city of Lugano and Tether, has been revolutionizing local commerce for nearly 30,000 residents, representing a significant portion of the city’s populace. This platform streamlines digital currency transactions with local small and medium enterprises, making substantial contributions to Lugano’s reputation as a crypto-friendly municipality.
Tags: Crypto News