Swiss City of Lugano Embraces Crypto With Polygon Integration – Crypto News – Crypto News
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Swiss City of Lugano Embraces Crypto With Polygon Integration Swiss City of Lugano Embraces Crypto With Polygon Integration

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Swiss City of Lugano Embraces Crypto With Polygon Integration – Crypto News

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Lugano citizens will be able to pay taxes, parking tickets, and public services using crypto in future

MyLugano, the payments app of the Swiss city of Lugano, has integrated support for Polygon as part of the municipality’s broader mission to embrace crypto.

Polygon announced the news on Nov. 22, noting that the app now features a multi-chain digital asset wallet from which users can purchase, hold, and send crypto. Polygon added that MyLugano users can explore “tens of thousands” of dApps hosted on its PoS Chain.

App users can also receive rewards for executing payments using LVGA, a local stablecoin deployed by the city.

“The City of Lugano is looking to transform the picturesque lakeside town in southern Switzerland into Europe’s blockchain capital,” Polygon said. “The plan is to allow citizens and companies to use Bitcoin, Tether, and LVGA to pay their annual taxes, parking tickets, public services, and student tuition fees, paving the way for cryptocurrencies becoming a legal tender in the city. Polygon PoS will be providing the rails on which some of the transactions will run.”

MyLugano will also launch an NFT collection celebrating the work of Swiss-based visual artist, Yuri Catania. The collection will depict a 40 by 8-meter high installation spanning more than 2,000 paper flowers glued to the wall of Palazzo dei Congressi, a local convention center.

The hundreds of individuals who assisted in the artwork’s installation will receive NFTs signed by Catania for free.

Polygon kicking goals

The news serves as a boon to Polygon’s adoption, demonstrating the utility of its PoS Chain within a municipal context. “It’s no longer private companies like Grab with a massive user base tapping Polygon PoS for payments, governments are relying on it too,” Polygon said.

The partnership follows collaboration between Polygon and many of the world’s leading brands, including Starbucks, Adidas, and Google Cloud.

The recent launch of PRC-20, a Polygon-native token standard inspired by Bitcoin ordinals, served as a critical stress test for the network. Polygon processed more than 16M transactions on Nov. 16, equating to an average throughput of 255 transactions per second — quadruple that of Ethereum and its Layer 2 ecosystem combined on the same day.

However, gas fees shot up by more than 10 times amid the flurry of activity, tagging a high of $0.10 per transaction.

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Polygon also plans on unifying its PoS Chain and high performance ZkEVM networks in the future.

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