Tether and the Swiss city of Lugano organized the first annual Forum Plan ₿ which turned out to be a great success: nearly 2000 participants with transactions in BTC, USDT and LVGA totaling 20,000 CHF (Swiss francs).
Summary
Forum Plan ₿: nearly 2000 participants at Tether event in Lugano
Great success for the Forum Plan ₿ event by Tether Operations Limited and the city of Lugano, which recorded nearly 2,000 participants as part of the discussion on financial freedom and cryptocurrency adoption.
#bitcoin is freedom! See you all next years 🇨🇭 https://t.co/nBxXwylH8q
— Paolo Ardoino 🍐 (@paoloardoino) October 29, 2022
“Bitcoin is freedom! See you next year.”
What’s more, the event saw transactions totaling 20,000 CHF processed, including over 1,000 transactions on Bitcoin Lightning Network, nearly 130 transactions in USD₮ and 200 LVGA transactions.
Overall, the efforts of the Plan ₿ initiative have resulted in nearly 65 merchants throughout Lugano accepting Bitcoin and Tether and 300 merchants accepting LVGA.
The event showcased some new developments such as the signing of the economic cooperation initiative between the Republic of El Salvador and the city of Lugano and the launch by Tether, Holepunch and Synonym of Pear Credit, one of the key products in a series of peer-to-peer applications by the three companies.
Tether and the city of Lugano for cryptocurrency adoption
Together with Tether, Lugano is working to make the Swiss city a crypto hub, where cryptocurrency adoption is a reality.
With its partnership with GoCrypto announced earlier this month, the Plan B Foundation has already begun initiating payments with the three legal cryptocurrencies at McDonald’s and other businesses in Lugano. GoCrypto is a global crypto and card payment infrastructure.
In this regard, Michele Foletti, mayor of Lugano said:
“It has been a pleasure to host so many wonderful speakers and guests from around the world in our innovative city of Lugano over the past few days, and I am excited about what the future holds for financial freedom and cryptocurrency adoption around the world. This weekend, the dream of financial democratization around the world took a big step toward reality, and we are invigorated to continue the work. The ₿ Plan realized another important part of the announcement made on 3 March with a high-level event. We continue to work to make Lugano a world center for the adoption of Bitcoin and blockchain technology.”
Paolo Ardoino, CTO of Tether also commented:
“To say that the first Plan ₿ Forum was a success would be a huge understatement. For the first time, leaders and advocates for financial freedom, innovation, and economic inclusiveness gathered in the great city of Lugano to exchange ideas and hear from industry leaders and speakers on why cryptocurrency adoption is so important. I would like to extend a humble thank you to the sponsors, media partners, staff and volunteers, speakers, and the great city of Lugano for all they have done over the past few months and this weekend to make the Plan ₿ Forum a reality. Finally, I want to thank everyone who participated in our historic event in Lugano. I can’t wait to start planning next year’s Plan ₿ Forum.”
The birth of Plan ₿
The memorandum of understanding dubbed Plan B had been announced during the event on 3 March that was held at the Palazzo dei Congressi in Lugano.
And indeed, it has been since that occasion that Tether Limited and the city of Lugano have been working together to realize the dream of turning the Swiss city into a Bitcoin and Blockchain hub. Since that very moment, Bitcoin, Tether and LVGA (the local token) have become legal tender currencies.
Not only that, the event had also announced a 3 million Swiss franc fund to help stores and merchants use the 3 crypto assets as payment methods; a 100 million Swiss franc funding pool together with Polygon aimed at startups; and 500 scholarships for university students interested in Bitcoin and its use.
Already during the March event, the first annual Plan B Forum scheduled precisely for October 28 and 29, 2022, was also anticipated.
