• Tether and the City of Lugano have launched the Plan Business Hub to celebrate the first anniversary of The Plan Initiative.
• The Hub will house more than 300 blockchain experts and enthusiasts, serve as a global point of reference in Lugano and host a recreational space for meetups and workshops.
• It is designed to attract talent, encourage networking and knowledge sharing, ultimately making Lugano a center of excellence for blockchain technologies.
Tether & the City of Lugano Launch Plan Business Hub
The Plan Initiative was launched on March 03, 2022 with the main objective of scaling Lugano’s blockchain capabilities. To mark its first anniversary, Tether Operations Limited (Tether) and the City of Lugano have announced the launch of the Plan Business Hub.
Purpose & Features
The purpose behind launching this hub is to explore potential adoption of blockchain technology in businesses as well as long-term use of cryptocurrencies in European region. It will house more than 300 blockchain experts and enthusiasts along with serving as a global point of reference in Lugano. There is also provision for hosting recreational spaces such meeting points, workshops etc., which would help foster education & development among people. This hub aims to attract talented individuals from all across Europe by providing them with an opportunity to network & share their knowledge among like-minded people.
Acceptance Of Crypto In The Region
When The Plan was initially launched last year, it was announced that Bitcoin (BTC), Tether (USDT) & city’s own LVGA token would be accepted as payment options for taxes, parking tickets, tuition fees & public services within city limits. So far over 150 shops including Mcdonalds have started accepting USDT, BTC & LVGA apart from fiat currency as mode of payment for goods & services availed at these places.
Mayor’s Opinion On Development
Commenting on this collaboration between Tether & City Of Lugano , Mayor Michele Foletti said: “The goal of this collaboration is to make Lugano a center of excellence for blockchain technologies.“ He further added that they’ve seen growing interest in cryptocurrency within past 12 months which has put their city on world map alongside other destinations famous for similar advancements related to blockchain technology .
Conclusion
The successful completion of one year since launch has marked great progress towards achieving milestones set by The Plan Initiative . By launching this business hub , both parties aim to promote mass adoption cryptocurrency within European region along with helping create new opportunities related to education , development , networking etc .