El Salvador and the Swiss city of Lugano signed a memorandum of understanding on economic cooperation aimed at education and research in the field of crypto assets.
Salvadoran Ambassador Milena Mayorga, speaking at the Plan B forum, said that El Salvador and Lugano have signed a memorandum of understanding on economic cooperation, as well as the opening of a “bitcoin office” in Lugano. The purpose of the partnership is to expand cooperation in the field of education and research of digital assets.
Support for initiatives to introduce bitcoin and other cryptocurrencies in the respective regions, as well as coordinating the student and talent exchange program, will be entrusted to the “bitcoin office” of El Salvador in Lugano.
On behalf of the organizers of the forum, Tether CTO Paolo Ardoino congratulated Lugano and El Salvador on the start of the path “to economic integration and financial freedom.” Ardoino stated that Tether welcomes the initiative and promises to facilitate the exchange of best practices and ideas regarding the use of cryptocurrencies.
Tether and the Lugano authorities announced the Plan B initiative in March of this year. Technology company Polygon later joined as a key infrastructure partner for Tether. The parties set out to make Lugano a center of excellence for blockchain implementation in Europe. Authorities in the Swiss city have recognized BTC, USDT, and their own LGVA token as legal tender.
Source: Bits
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