Daniel Risch, the Prime Minister of Liechtenstein, recently said that the country’s government is considering accepting Bitcoin (BTC) as payment for official services.
Risch says the plan calls for instant conversion of any cryptocurrency received for Swiss francs. This is done in order to reduce the dangers associated with exchange rates. As stated by the Prime Minister, the franc is the principality’s official currency, and Bitcoin would not be accorded the same status as the franc, in an interview with the German daily Handelsblatt published on May 7.
Although he didn’t provide many specifics about the plan, he did mention that a “Bitcoin payment option is coming.”
Both Zug and Lugano in Switzerland have adopted a method of accepting Bitcoin payments that is somewhat similar to this one. There, local authorities have taken steps to legalize the use of Bitcoin payments for the payment of certain taxes and fees related to public services. Even McDonald’s will take Bitcoin
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