McDonald’s has started accepting Bitcoin as a payment method in the Swiss city of Lugano. Bitcoin Magazine shared a video of ordering food at a local McDonald’s showing Bitcoin and Tether symbols on a checkout payment machine.
In March 2022, the city signed a memorandum of understanding with Tether Operations Limited to launch a Plan B project.
Under this plan, Tether created two funds. The first is $106 million for an investment pool for cryptocurrency startups, and the second is about $3 million to try to encourage cryptocurrency adoption in stores and businesses across the city.