The small Swiss town of Zug has announced it will accept Bitcoin payments as way to pay dues and public utilities as part of a trial run.
The small town is already known for its fast growing fintech operations, even being called “Crypto Valley” by some, with 15 fintech-oriented companies being located there. Apparently the town council has hopes Zug’s trend as a financial tech hub continues — having embraced the new identity with this legislative move.
Source: Swiss Town Begins Accepting Bitcoin for Public Services