McDonald's has reportedly started accepting bitcoin as a payment method in the Swiss city of Lugano. Bitcoin Magazine shared a video on Twitter of ordering food at a local McDonald's, showing Bitcoin and Tether symbols on a checkout payment machine. In March 2022, the city signed a memorandum of understanding with Tether Operations Limited to launch a “Plan B” project. Under this plan, Tether created two funds. The first is $106 million for an investment pool for cryptocurrency startups, and the second is about $3 million to try to encourage cryptocurrency adoption in stores and businesses across the city.
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