Lugano Ties Its Crypto City Dream to Tether
On Monday evening, a few dozen shopkeepers and businesspeople gathered in the blue-carpeted hall of a conference center in the Italian-speaking city of Lugano, Switzerland, to learn how to start accepting cryptocurrency payments. Addressing them, alongside a lineup of accountants, entrepreneurs, and city officials like Mayor Michele Foletti, was Paolo Ardoino, the chief technology officer of Tether, the company behind one of the world’s most popular stablecoins (a kind of cryptocurrency whose price is pegged to that of…