As part of the partnership with Lugano, Tether will create a fund of up to 100 million Swiss francs to help finance blockchain-based startups. With hopes of creating crypto unicorns (projects that succeed $1 billion in valuation). Alongside this Ardoino stated that Tether is working alongside exchange BitFinex to allocate funds for 500 scholarships. The scholarships will be granted to students that are focusing on blockchain and crypto technologies.<\/p>\n\n\n\n

With over 60,000 current residents Lugano is set to host the Bitcoin World Forum conference this October, attracting some of the best minds in the field to the city planning to be the blockchain hub of Europe.<\/p>\n","post_title":"Lugano, Switzerland To Make Bitcoin And Tether Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"lugano-switzerland-to-make-bitcoin-and-tether-legal-tender","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:21","post_modified_gmt":"2023-04-11 02:53:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3771","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};