The city of Lugano will develop its blockchain infrastructure with Polygon
Polygon announces the groundbreaking news that it has been selected as the official blockchain platform of the Swiss city of Lugano. The city of Lugano will develop its blockchain infrastructure with the help of Polygon in the process.
Lugano, the largest city in Switzerland’s Ticino canton, has declared Bitcoin (BTC) and Tether (USDT) as “de facto” legal tender, together with the city’s LVGA Points token.
Residents of Lugano, which has a population of 62,000, will now be able to pay their taxes using the cryptocurrencies shown above. After completing the technology infrastructure, they will soon be able to use crypto for a wide range of goods and services.
Lugano appears to be following in the footsteps of El Salvador, which recognized Bitcoin as a valid form of payment in the last year. Instead, El Salvador is currently developing its blockchain infrastructure using Algorand to help build out the infrastructure.
Polygon announces a new partnership with the Spanish telecom giant
According to an official blog post, Telefónica Tech, the digital transformation arm of the Spanish telecommunications giant, is partnering with Polygon to bring web3-based solutions to its business customers.
Polygon’s network and tools will be used to provide enterprises with a quick and easy way to integrate blockchain technology into their businesses, according to the agreement, which was launched at the Mobile World Congress in Barcelona. TrustOS, Telefónica Tech’s managed blockchain platform, hopes to benefit from improved traceability, tokenization and certification capabilities as a result of the collaboration.
Antoni Martín, Business Leader at Polygon, said, “Working with leading global companies like Telefónica Tech is central to Polygon’s mission to bring millions of people to Web3. Together, we will explore the opportunities where Polygon’s scaling solutions can add value to NFTs or the supply chain.”
