European news correspondent Joe Hall sat down for an in-depth interview with Paolo Ardoino, Chief Technology Officer of Bitfinex and Tether, at the Paris Blockchain Week Summit, where he discussed a range of topics, including Bitcoin and Tether adoption in the Swiss city of Lugano. , the scalability issue of the popular blockchain network and the potential for new countries to accept Bitcoin in the future.
at the beginning of March Switzerland’s Lugano which is an important financial center in Switzerland It has teamed up with stablecoin operator Tether to launch an initiative worth CHF 3 million. designed to support the adoption of blockchain technology and the use of digital assets.
Using Bitcoin (BTC), Tether (USDT) and Native Citizen Tokens, LVGA Points , where assets can be transacted by local people for activities such as collecting taxes and making purchases. and public services
The project has also pledged to create an on-campus scholarship program at three Lugano universities, a blockchain summer camp, and foster the growth of blockchain startups.
“In just one month since the announcement We have established a working group of tax, legal and immigration advisors. […] And we have 25–30 different companies and startups. [… ] Its assets and personal wealth are between 300 and 400 million Swiss francs.”
Ardoino noted that these companies moved their operations from both Switzerland and countries such as India and Singapore. He said their intention was “Using these as templates” to pave the way for others in the future.
Citing an image of his tweet from a Lugano newspaper article with the headline “Cittá affamata di bitcoin,” which means “Bitcoin hungry city,” Ardoino states that “stablecoins are the perfect Trojan horse for Bitcoin.” It can be used as a default mechanism. for acceptance of use before expanding the survey to cryptocurrencies Others are more complex.
When asked about the possibility of new European countries adopting Bitcoin, Ardoino said that “we are considering other countries differently” and that someone in the “Parliament would be interested in talking to us. Because they want to educate themselves to build acceptance from within.”
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