Zug (Switzerland) accepts Bitcoin for public services

Bitcoin in Zug (CH)Swiss city trials Bitcoin payments of up to £143 as part of wider trial to see how digital currencies can stimulate finance sector

Citizens and businesses in the city of Zug, capital of the eponymous canton in central Switzerland, will be able to pay for public services up to the value of 200 Swiss Francs (£143) in Bitcoin as part of a trial to see how the use digital currencies can promote the region’s Fintech sector.

If the pilot is successful, the use of Bitcoin could be expanded in terms of the maximum transaction permitted and into other towns in the canton, which attracts many international businesses because of its low tax rate. Click here for more…