Zug, Switzerland to trial Bitcoin public services payments

The Swiss town of Zug is set to begin a Bitcoin trial allowing individuals to pay for public services using the digital currency. The purpose of this trial is to demonstrate the day-to-day use of Bitcoin for transactions under CHF200 in a convenient way. If successful, the trial, starting on the 1 July, could signal the start of wider adoption of Bitcoin in Switzerland.

The bitcoin world is experiencing a bit of a controversy at the moment. Just last week, an Australian revealed that he is the creator of bitcoin, but his claims have since been met with a lot of skepticism which was not helped by the fact that he has since declined to provide further proof that can corroborate his claims.

That being said controversy aside, the bitcoin cryptocurrency appears to be chugging along just fine and it seems that over in Switzerland in the Swiss town of Zug, they have recently announced that they will begin a trial in which they will allow people to start paying for public services via the bitcoin standard.

There will be some limitations, such as the fact that it will only be used for the town’s public services and it can only be used on transactions 200 francs or less, which we guess would make sense especially if you don’t have change on your person or a wallet, in which bitcoin would be a convenient way of making payment.

The trial is expected to begin on the 1st of July and will demonstrate (on a small scale) of how bitcoin can be used for day-to-day transactions. So far we have seen bitcoin being adopted by more retailers, for example Valve’s gaming platform service Steam has started to accept bitcoin payments, but like we said, the acceptance of bitcoin for day-to-day activities would be an interesting experiment compared to its use for more niche/selective purposes.

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