Cryptovalley is an ecosystem in the Swiss canton of Zug, which develops and grows in diversity and dynamics of its residents and businesses. Gather schools, the media, the venture capital / private, established IT companies and startups, forms an attractive new competition-cluster that is ready to face international competition.

The Cryptovalley Zug has an independent regulator, specialized cryptocurrencies and business models based on blockchain. With competition and regulatory flexibility ensures transparency, fairness and stability. All companies in the valley May – voluntarily – chose to be regulated. It has 15 companies that focus on the FinTech industry, Bitcoin joined the company plans to increase its options.

After a meeting of government officials CryptoValley where the issue of technology was played Bitcoin decision tickets for the train could be canceled with this cryptocurrency was taken.

Quantities are limited as only accept up to 200 Swiss francs, this advance will have a trial period to see whether or not it is worth continuing with this form of payment, such evidence will conclude later this 2016. If to be positive this test could increase the payment limit and BTC could be used for other types of government services.

This decision was made due to the amount of benefits Bitcoin offers, including that it is a decentralized digital currency, payments are completed in real-time, low rates, among others. This makes people adopt as a service cryptocurrency additional finance, although in Swiss banking system is very efficient.

Dolfi Muller, informed the media:

“We express our open regarding new technologies attitude, and try to experience all that the FinTech sector has to offer. We will exchange ideas with local businesses and convey our vision with other municipalities. We want to meet consumer needs and provide optimal life and financial environment. “

The Cryptovalley Zug is supported by local governments, financial service providers, but also associations and political bodies in a spirit of partnership. The valley contributes to longer term and sustainable economic growth in the region of Zug and neighboring cantons.

Image: pixabay

Fuentes: bitcoinist, cryptovalley

Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.