Lugano Embraces Blockchain Revolution with MyLugano’s Polygon Integration Nov 26, 2023 Nov 26, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 26, 2023 by Kelly Cromley

Lugano Embraces Blockchain Revolution with MyLugano’s Polygon Integration

In a strategic move aimed at solidifying its position as Europe’s leading crypto-friendly city, Lugano in Switzerland has seamlessly integrated Polygon’s Proof of Stake (PoS) into its widely acclaimed MyLugano payment application. This integration not only elevates the app’s functionality but also establishes Lugano as a trailblazer in incorporating blockchain technology at the municipal level.

 

“MyLugano’s Evolution and Its Impact on Local Residents”

 

MyLugano, an award-winning application honored with the IEEE Smart City Award, has served as a crucial tool, connecting nearly half of Lugano’s population—approximately 30,000 users—to the city’s loyalty program through its stablecoin, LVGA. The recent incorporation of Polygon’s PoS not only fortifies MyLugano’s role as a local payment tool but also unlocks new possibilities for users, offering seamless access to decentralized applications on the Polygon network.

 

MyLugano’s Technical Advancements

 

The enhanced MyLugano app introduces an asset section tailored to meet the needs of experienced users in the crypto space. This section empowers users to activate and oversee a multi-chain digital wallet for personal custody. While presently supporting multiple tokens, there are plans for future expansion, ensuring a versatile and user-friendly experience.

 

 “Lugano’s Vision for Blockchain Capital and Cryptocurrency Adoption”

 

Beyond the technical upgrades, Lugano aspires to transform its scenic lakeside town into Europe’s blockchain capital. Ambitious plans include the acceptance of Bitcoin, Tether, and LVGA for various payments, ranging from taxes and parking tickets to public services and student tuition fees. The integration of Polygon PoS aligns with Lugano’s goal of facilitating seamless and efficient transactions, paving the way for broader cryptocurrency adoption within the municipality.

 

Art Meets Technology: MyLugano’s NFT Collaboration

 

In a unique convergence of art and technology, MyLugano is set to launch an exclusive NFT collection in partnership with Lugano Living Lab. Titled “LVGA/XY Flowers,” this collection showcases the artistic brilliance of Yuri Catania—an impressive 40-meter long and 8-meter high masterpiece created using the paste-up technique. The artwork, set to evolve into a living green space adorned with over 2,000 paper flowers, will be immortalized as NFTs on the Polygon network. These artist-signed NFTs will be distributed to participants involved in the collaborative creation of this groundbreaking piece.

 

“MyLugano’s Impact on Local Commerce and Reputation”

 

MyLugano, a collaborative venture between the city of Lugano and Tether, has been revolutionizing local commerce for nearly 30,000 residents—representing almost half of the city’s population. This platform streamlines digital currency transactions with local small and medium enterprises, contributing significantly to Lugano’s reputation as a crypto-friendly municipality.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.