How big is Bitcoin in Lugano? Decentralize with Cointelegraph goes to BTC school
This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school.
On the latest episode of Decentralize with Cointelegraph, listeners can indulge in interview snippets, soundbites and pearls of wisdom from the likes of Blockstream CEO Adam Back and Tether chief technology officer Paolo Ardoino, as well as professionals in cybersecurity and from Chainalysis.
Plus, hear from students who attended the school about what it’s like to live, breathe, sleep and study crypto for two weeks, 24/7. An Italian Ethereum fan comments on Bitcoin maximalism, Latin Americans observe Europeans’ behavior regarding recycling, and Taiwanese students settle into life around the cryptocurrency.
This week’s episode of Decentralize also investigates how deep Bitcoin and crypto adoption reaches in Lugano, the distinctly Italian city in the southern section of Switzerland. The city adopted Bitcoin as de facto legal tender one year ago, and there has been noticeable progress since then — with the Bitcoin “B” logo hard to miss in the town center.
More than 200 vendors accept Bitcoin in Lugano. Big brands like McDonald’s, Rolex and even Lamborghini will take the cryptocurrency, while some pharmacies, convenience stores and tobacco shops also accept it.
However, Bitcoin is still not deeply or broadly understood, and there’s a lot of work to be done if Lugano is to one day fully embrace it, as Ardoino explained:
The point-of-sale devices merchants use across Lugano also accept Tether (USDT) and Luga, a token that locals and residents can use.
Related: Pro-crypto city of Lugano and El Salvador sign economic agreement based on adoption
To hear a secret from Back concerning MicroStrategy CEO Michael Saylor, learn
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