Home > NEWS > Bitcoin dialogue at WEF requires ‘open-mind’ — Davos 2023

Bitcoin dialogue at WEF requires ‘open-mind’ — Davos 2023

“It’s about taking inspiration from what we’ve done.” Lugano’s Plan B hopes to drive Bitcoin adoption dialogue at future World Economic Forum conferences.

The World Economic Forum (WEF) was basically held in Davos and took over the Swiss ski town in Germany. The key commercial streets are crowded with activity and property leasing enterprises, and there are more and more enterprises in the fields of cryptocurrency and blockchain.

The entrance of WEF House is restricted by concrete natural barriers and security guards, which draws an invisible line between the conference and other areas in Davos. It is puzzling that the final building on the edge of the conference is printed with symbols that everyone knows, irregular graphic signs and BTC (BTC) signs.

Coin Telegram accidentally found Pietro Poretti while filming the video with BTC logo on the Tech Lodge booth. Boretti is the head of Lugano's Ministry of Economic Development. This large German and Swiss city used its Lugano B plan new project to make free BTC and data encryption payments to various municipal engineering accounts of its residents.

In 2023, BTC was not on the formal agenda of the World Economic Forum. Cryptocurrency and blockchain technology were discussed at different seminars this week, but these discussions were more focused on Web3, the concept of the metauniverse, the central bank digital currency and the blockchain blockchain technology payment system, rather than the choice of decentralized cryptocurrency.

The year 2023 is the second year that Lugano's Plan B was set up in Davos, because he expects to make new friends, get in touch and share his stories about promoting the selection and use of BTC in the real world. The project has been gradually operated since March 2022. Poretti said that although the project is still in its initial stage, it is about education and demonstration of the functionality of cryptocurrency:

"This is also about the encrypted payment of marketing promotion data in the whole district by the municipal people's government. In Lugano, you can also pay taxes and penalties, including other fees you pay to the municipal authorities."

Lugano B plans merchants to accept local LVGA tokens, BTC, lightning network payment and Tether (USDT) payment. This year, sharing experience with other industries, leaders and senior government officials has been a key issue. Boretti indicated that the independent innovation of payment has already implemented a "small and practical process". The key is to give different but complementary payment gateway ip.

"I think that at the end of the day, if people see the benefits of substitutes, they will not necessarily replace or will replace."

Lugano's cryptocurrency payment plan can be used as a practical empirical study on the selection of blockchain technology payment options worldwide (including the internal structure of the World Economic Forum). This has not yet happened, but representatives from other regions have learned from Lugano about the "way and reason" of their Plan B plan, which Porti described as progress:

"For us, this is not exactly the same way to copy other parts of the world, but it may be to get design inspiration from what we do and learn something from our own work experience. I think Lugano is still a small pioneer in this regard."

Although many participants in the cryptocurrency ecosystem such as Ripple and Circle participated in the WEF seminar, Poretti felt that Lugano needed a more open approach to briefly describe its cryptocurrency selection work.

This requires a number of thematic activities, including financial and legal aid participation and political application of similar measures. Perhaps most importantly, Poretti firmly believes that customers will help BTC and other solutions think and choose:

"If you Chinese citizens are on the ship, they say, 'Let's try, we are full of curiosity, and we are very open to the outside world', so when we see the benefits together."

Poletti believes that this will help students create jobs, stimulate economic growth, and ensure the application of technology and digital technology.

BTC in Switzerland, Germany, is a participant in the cryptocurrency field of another company headquartered in Switzerland. CoinTelegram successfully established contact with it in Davos. Dirk Klee, the CEO's old driver, explained the company's role in establishing the Crypto Valley and its early work in promoting the selection of BTC by Germany and Switzerland. In many aspects, Germany and Switzerland have become the manager of the global cryptocurrency.

"I can call it the head office of the asset management world and the early adopters, right? We are all local people of data encryption, but they have long developed into rich people."

Klee indicated that Germany and Switzerland's reputation as a well-regulated and secure business place also helped the local cryptocurrency ecosystem improve over time, while recognizing that this is a continuous process.

Klee elaborated on the complex and volatile market situation of the previous year, and pointed out that before deciding to participate in more activities such as the World Economic Forum, the industry needs to close relations and courage:

"Last year, many trusts were damaged and corroded. We hope to become a systematic positioning point in the next stage, making this place more convenient and easy to use, but also with a high safety factor."

Klee also hopes to see similar Bitcoin Suisse likely to participate in the cryptocurrency seminar in the next WEF conference, and describes it as the "ultimate goal"

Lugano and various places in Germany and Switzerland are key examples of the development potential of cryptocurrency in daily payments. In addition, the birth of Plan B and the German and Swiss BTC in Davos confirmed that this field has promoted its dialogue with relevant parties outside the World Economic Forum.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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