A Swiss Town Is Banking On Bitcoin
The local council in the Swiss town of Zug has officially decided to accept Bitcoin for the payment of small fees. Starting July 1st, residents of Zug will be able to use the cryptocurrency to pay up to $205 for some public services.
Lord Mayor Dorfi Mueller told NBC News residents would not be able to pay their taxes with bitcoin…darn. However, for small fees, the council will accept the cryptocurrency.
Will the payment of Bitcoin be allowed in your neck of the woods? For more details be sure to check out the video above.
May 12, 2016
-
In a historic move, Volkswagen AG, one of the leading global automakers, announced it is considering the closure of... -
Massive train disruptions struck central Germany this Saturday, leaving hundreds of passengers stranded and scrambling for information at Frankfurt’s...
-
The Middle East has stepped back from the edge of a broader conflict, at least for the moment, after...
-
Pakistan has been grappling with significantly slow internet speeds for weeks, sparking debate over the cause of the connectivity...
-
On the eighth day of the track and field events at the 2024 Paris Olympics, Arshad Nadeem of Pakistan...
-
The recent anti-immigrant riots in the United Kingdom serve as a stark reminder of how unchecked misinformation on social...
-
In a tragic turn of events, the death toll from two landslides in a remote region of southern Ethiopia...
-
In a dramatic and unprecedented public declaration, Shaikha Mahra bint Mohammed bin Rashid Al Maktoum, daughter of Dubai’s ruler,...
-
China’s foreign minister Wang Yi has strongly refuted NATO’s accusations that Beijing is aiding Russia in its war on...
-
The highly anticipated wedding of Anant Ambani, the son of Asia’s richest man Mukesh Ambani, is set to culminate...
-
Turkey has unexpectedly backed Greece in its ongoing effort to reclaim the Elgin Marbles from the United Kingdom, describing...
-
Turkey’s inflation rate has soared past 75% in May, marking what economists believe to be the peak of the...
