Digital money or cryptocurrency may be taking a baby step on the path of official acceptance as the Swiss town of Zug is planning to allow its residents to use Bitcoin to pay for municipal services in its bid to transform itself into the digitization hub or "Crypto Valley". The town council decided on May 3 to trial Bitcoin for payments for public services, which would be the first time digital currency is being considered for official use. The trial will be applicable for payments up to 200 Swiss francs and will run from July 1 till the end of this year, when a review will be conducted.
Based on the year-end review, authorities shall decide whether Bitcoin and other cryptocurreny trading, should be retained for payments for other municipal services in future. Read More @ http://www.rttnews.com/2649052/a-bit-of-acceptance-for-bitcoin.aspx
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