The world’s largest stablecoin issuer, Tether, has joined hands with authorities in the Swiss City of Lugano to unveil a new statue of the pseudonymous Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative.
According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery and innovation, honoring their vision and legacy.
The statue was designed by the artist Valentina Picozzi in a way that plays with an observer’s perspective. It gradually disappears as an observer changes their position to the front or back, and it fully depicts an image of a man focused on his laptop if observed from the sides. The image symbolizes Nakamoto’s disappearance from the public eye after creating a path for the decentralized financial system.
Tether asserted that the statue serves as a reminder that the principles of decentralization and financial sovereignty continue to thrive while Nakamoto’s identity remains hidden. It sits in front of Lugano’s Villa Ciani.
Since Lugano launched the Plan ₿ initiative in collaboration with Tether two years ago, the city has made giant strides in adopting Bitcoin. The initiative enabled its residents to settle public service fees and taxes in bitcoin (BTC), Tether (USDT), and its own Lugano’s Swiss-franc pegged stablecoin (LVGA), recognizing the assets as legal tender.
The city hosts a Plan ₿ forum each year, bringing together blockchain industry leaders, government officials, and Bitcoin enthusiasts to discuss the future of cryptocurrencies and decentralized finance.
In December 2023, Lugano fully embraced crypto payments by incorporating a technology that allows residents to handle their expenses by scanning the invoice QR code via their preferred mobile wallets.
The post Tether Unveils Satoshi Nakamoto Statue at Plan ₿ Forum in Swiss City Lugano appeared first on CryptoPotato.
According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery and innovation, honoring their vision and legacy.
Tether Unveils Satoshi Nakamoto Statue in Lugano
The statue was designed by the artist Valentina Picozzi in a way that plays with an observer’s perspective. It gradually disappears as an observer changes their position to the front or back, and it fully depicts an image of a man focused on his laptop if observed from the sides. The image symbolizes Nakamoto’s disappearance from the public eye after creating a path for the decentralized financial system.
Tether asserted that the statue serves as a reminder that the principles of decentralization and financial sovereignty continue to thrive while Nakamoto’s identity remains hidden. It sits in front of Lugano’s Villa Ciani.
Embracing Crypto Payments
Since Lugano launched the Plan ₿ initiative in collaboration with Tether two years ago, the city has made giant strides in adopting Bitcoin. The initiative enabled its residents to settle public service fees and taxes in bitcoin (BTC), Tether (USDT), and its own Lugano’s Swiss-franc pegged stablecoin (LVGA), recognizing the assets as legal tender.
The city hosts a Plan ₿ forum each year, bringing together blockchain industry leaders, government officials, and Bitcoin enthusiasts to discuss the future of cryptocurrencies and decentralized finance.
In December 2023, Lugano fully embraced crypto payments by incorporating a technology that allows residents to handle their expenses by scanning the invoice QR code via their preferred mobile wallets.
The post Tether Unveils Satoshi Nakamoto Statue at Plan ₿ Forum in Swiss City Lugano appeared first on CryptoPotato.
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