Swiss council to accept Bitcoin payments

A council in central Switzerland will soon accept the digital currency Bitcoin as payment for some public services. The trial scheme, in the town of Zug, will begin on 1 July and run until the end of the year, the Swiss Broadcasting Corporation reports. Residents will be able to make payments of up to 200 Swiss francs ($200; £140) using the crypto-currency, in what the broadcaster says is a world first. Mayor Dolfi Mueller says the council wants to show its “openness to new technologies” and cater to local financial technology companies.

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Swiss council to accept Bitcoin payments

A council in central Switzerland will soon accept the digital currency Bitcoin as payment for some public services. The trial scheme, in the town of Zug, will begin on 1 July and run until the end of the year, the Swiss Broadcasting Corporation reports. Residents will be able to make payments of up to 200 Swiss francs ($200; £140) using the crypto-currency, in what the broadcaster says is a world first. Mayor Dolfi Mueller says the council wants to show its “openness to new technologies” and cater to local financial technology companies.

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