In another big city of Switzerland, cryptocurrency is going to get the status of legal currency.

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Its own digital token LVGA including Bitcoin, Tether is going to be legal soon in the city of Lugano in the country.

pic credit - pixabay 

For this, Lugano has partnered with the creator of the stablecoin Tether.

pic credit - pixabay 

After this, the citizens of the city will be able to pay their annual taxes, parking tickets, public services and tuition fees of students through cryptocurrencies.

pic credit - pixabay 

Cryptocurrencies have already been adopted for tax payments in many other parts of Switzerland.

pic credit - pixabay 

Like El Salvador, Lugano is also going to incorporate cryptocurrencies into the daily transactions of its trading activities.

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However, in El Salvador, bitcoin has been made a legal tender.

pic credit - pixabay 

Polygon has taken a stake in it as an infrastructure partner. This will provide the track for the stablecoin.

pic credit - pixabay