Lugano Taps Polygon for Payment App

By Philip Maina

3 weeks agoSat Nov 25 2023 09:00:22

Checking out Time: 2 minutes

• The crypto-friendly Swiss city of Lugano has actually tapped Polygon to power its payment app
• Called MyLugano, the app uses self-custody of numerous tokens
• The app likewise means to tokenize a physical art work and provide it as NFTs

The crypto-friendly Swiss city of Lugano is powering its payment app, MyLugano, with blockchain innovation with the assistance of Ethereum scaling layer Polygon. According to Polygon, the app’s usage of the scaling layer enables it to check out a myriad of Dapps on the platform and help the city’s objective of ending up being “Europe’s blockchain capital.” The city of Lugano’s relocation comes 6 months after the EU accepted blockchain innovation for credential confirmation, an indication that Europe is heating up to blockchain-powered items.

Crypto to Pay Taxes and Tuition Fees

In a declaration, Polygon stated that the app is aiming to assist the city’s occupants utilize leading cryptocurrencies like Bitcoin (BTC) and the city’s own token LVGA to pay” taxes, parking tickets […]tuition costs” to name a few services.

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