KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling

Subscribe to Updates

Get the latest Crypto news from kronosslott.

What's Hot

How European cryptocurrency companies are preparing for broad legislation with MiCA at the Door

January 27, 2023

Hackers Hijack RobinHood Twitter To Push Scam Crypto Coin

January 27, 2023

FTM/USD Moves Bullishly Above $0.476

January 26, 2023
Facebook Twitter Instagram
  • Affiliate Disclosure
  • Anti Spam Policy
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram
KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling
KronosSlott
Home » McDonald In Lugano City Starts Accepting Bitcoin Amid Bear Market

McDonald In Lugano City Starts Accepting Bitcoin Amid Bear Market

adminBy adminOctober 11, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
McDonald In Lugano City Starts Accepting Bitcoin Amid Bear Market
Share
Facebook Twitter LinkedIn Pinterest Email


Per the all-time mainstream adoptions of crypto, McDonald’s Fast-food chain has started accepting Bitcoin payments in Lugano. A news outlet shared a video of customers paying for their orders with Bitcoin via McDonald’s electronic kiosk.

Top players in the crypto industry are advocating the mainstream adoption of crypto for local payments, cross-bother payments, and remittance. In response, many crypto use cases have entered the market. From the US down to Australia and more, Crypto firms are developing applications to aid the use of cryptocurrencies for various payment options.

While playing the video, a Tether (USDT) logo appeared on the POS machine, showing that McDonald’s also accepts stablecoins.

Lugano To Become The European Bitcoin Capital

The Swiss city Lugano is positive towards crypto adoptions. In March, the city officials announced plans to make Bitcoin, USDT, and the LVGA token de facto legal tender in the city. The announcement came during the Plan B conference with Mayor Michele Voletti and CTO of Tether, Paolo Ardoino.

The decision came after a joint initiative to make Lugano the European Bitcoin Capital. Tether allocated $107 million to a dedicated fund as part of its collaboration to develop the blockchain market. The Local government also gave $3.21 million for the same purpose as Tether.

The funds allocated are to finance local blockchain startups and to support business integration with daily operation planning tools.

The McDonald’s fast-food chain started accepting Bitcoin payments in its El Salvador branches in September 2021 after Bitcoin became the country’s Legal tender.

Bitcoin is likely to fall below $19,000 on the chart l BTCUSDT on Tradingview.com

McDonald’s About Venturing Into The Metaverse

In addition to accepting crypto payments, McDonald’s plans to enter the Metaverse. In February 2022, trademark lawyer Josh Gerben shared a post stating that McDonald’s filed ten trademark applications to offer a virtual restaurant. The virtual restaurant would have real and virtual goods.

The application was submitted on February 4 and stated that besides offering virtual and actual goods, McDonald’s would provide downloadable media files such as audio files, videos, artworks, and NFTs.

It also stated the fast-food chain would include McCafe coffee shops in its Metaverse. In addition, the Mcdonald’s virtual branch would offer live and virtual concerts, including other online events.

In October 2021, McDonald’s also released 3D animated NFT in China, Taco Bell, and Burger King. In addition, McDonald’s China announced its NFT called Big Mac Rubik’s Cube to celebrate 31 years in the mainland market. In addition to its 31st anniversary in China, the NFT marked the opening of its new Shanghai headquarters.

According to reports, 1300 companies in China filed applications for metaverse trademark registrations. In addition, Tech giants like Apple, Meta, and Microsoft are also trying to enter the Metaverse.

Featured image from Pixabay, chart from TradingView.com





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits – Exchanges Bitcoin News

December 12, 2022

What is a Doji candle pattern and how to trade with it?

December 12, 2022

Bitcoin Price Slides As Markets Brace For Fed Policy Decision And Inflation Data

December 12, 2022

Comments are closed.

Don't Miss

How European cryptocurrency companies are preparing for broad legislation with MiCA at the Door

Blockchain January 27, 2023

Join Our Telegram channel to stay up to date on breaking news coverage Local crypto…

Hackers Hijack RobinHood Twitter To Push Scam Crypto Coin

January 27, 2023

FTM/USD Moves Bullishly Above $0.476

January 26, 2023

Biggest Crypto Gainers Today – January 26

January 26, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

How European cryptocurrency companies are preparing for broad legislation with MiCA at the Door

January 27, 2023

Hackers Hijack RobinHood Twitter To Push Scam Crypto Coin

January 27, 2023

FTM/USD Moves Bullishly Above $0.476

January 26, 2023

Biggest Crypto Gainers Today – January 26

January 26, 2023

Subscribe to Updates

Get the latest Crypto news from kronosslott.

About Us
About Us

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Pinterest YouTube WhatsApp
Categories
  • Altcoin (4)
  • Bitcoin (2,020)
  • Blockchain (758)
  • Ethereum (320)
  • Gambling (2,082)
  • Litecoin (53)
  • NFTs (2)
Our Picks

How European cryptocurrency companies are preparing for broad legislation with MiCA at the Door

January 27, 2023

Hackers Hijack RobinHood Twitter To Push Scam Crypto Coin

January 27, 2023

FTM/USD Moves Bullishly Above $0.476

January 26, 2023
©2022 –Kronosslott. All Rights Reserved. Kronosslott.com is an independent i-Gaming news site and casino comparison service. Every effort is made to ensure that the bonus offers listed here are accurate and up-to-date. However, we accept no responsibility for inaccuracies or errors. It is your responsibility to confirm the terms of any promotion you choose to accept. Looking to Advertise with us? Kronosslott is always looking for new partnerships. To Inquire please email kronosslott@gmail.com

Type above and press Enter to search. Press Esc to cancel.