City of Lugano Adds Polygon to its Crypto Payment App
The city of Lugano, Switzerland, has expanded its embrace of cryptocurrency by integrating Polygon into its municipal crypto payment app, MyLugano.
According to a November 22nd announcement from Polygon Labs, the updated MyLugano app now features multichain digital wallets. While “several tokens” have already been added, plans exist to further expand integrated cryptocurrencies over time.
Also read: JPMorgan Says Binance’s $4.3B Settlement Lifts Cloud Over Crypto
City of Lugano previously utilized Ethereum
As one of Polygon’s municipal partners since at least 2022, Lugano previously utilized the Ethereum scaling platform as infrastructure for the city’s LVGA stablecoin. This latest integration underscores Lugano’s ambitious efforts to become a global blockchain hub.
Beyond the wallet upgrade, MyLugano is also launching a new non-fungible token (NFT) collection. The collection is based on artwork displayed prominently across the city. The NFTs represent a massive 40-meter mural from local artist Yuri Catania and will be minted on Polygon’s network.
Also read: No Reason to Stop a Spot Bitcoin ETF, SEC Commissioner Says
With approximately 30,000 regular users, MyLugano has achieved substantial adoption since its 2021 launch in collaboration with Tether’s stablecoin. The app enables residents of Switzerland’s third-largest city to pay businesses and conduct other transactions using cryptocurrency.
With close to 50% of residents already using MyLugano for crypto payments, Lugano has quickly transformed itself into a real-world test case for decentralized technology integration. By pursuing ambitious blockchain infrastructure projects, local leaders hope to cement Lugano’s status as a rising European blockchain hub.
Read More
City of Lugano Adds Polygon to its Crypto Payment App
The city of Lugano, Switzerland, has expanded its embrace of cryptocurrency by integrating Polygon into its municipal crypto payment app, MyLugano.
According to a November 22nd announcement from Polygon Labs, the updated MyLugano app now features multichain digital wallets. While “several tokens” have already been added, plans exist to further expand integrated cryptocurrencies over time.
Also read: JPMorgan Says Binance’s $4.3B Settlement Lifts Cloud Over Crypto
City of Lugano previously utilized Ethereum
As one of Polygon’s municipal partners since at least 2022, Lugano previously utilized the Ethereum scaling platform as infrastructure for the city’s LVGA stablecoin. This latest integration underscores Lugano’s ambitious efforts to become a global blockchain hub.
Beyond the wallet upgrade, MyLugano is also launching a new non-fungible token (NFT) collection. The collection is based on artwork displayed prominently across the city. The NFTs represent a massive 40-meter mural from local artist Yuri Catania and will be minted on Polygon’s network.
Also read: No Reason to Stop a Spot Bitcoin ETF, SEC Commissioner Says
With approximately 30,000 regular users, MyLugano has achieved substantial adoption since its 2021 launch in collaboration with Tether’s stablecoin. The app enables residents of Switzerland’s third-largest city to pay businesses and conduct other transactions using cryptocurrency.
With close to 50% of residents already using MyLugano for crypto payments, Lugano has quickly transformed itself into a real-world test case for decentralized technology integration. By pursuing ambitious blockchain infrastructure projects, local leaders hope to cement Lugano’s status as a rising European blockchain hub.
Read More