Similarly, in 2016, Zug, another town in Switzerland which styles itself as “Crypto Valley”, rolled out a pilot in which it started accepting Bitcoin payments for municipal services. The pilot was apparently a success, so Zug has kept the program running. Zugs scheme also caps Bitcoin payments fairly low, only accepting them for a value of up to 200 Swiss francs. At the time of writing, one Bitcoin is worth 4122.94 Swiss francs (and USD 4306.01).
Chiasso is going one further by accepting Bitcoin for small tax payments, up to a value of 250 Swiss francs (USD 261). The move is apparently part of Chiassos drive to make up for contraction of the traditional financial sector after the financial crisis.
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