Tether, the world’s largest stablecoin issuer, teamed up with the Swiss city authorities of Lugano to unveil a new statue of pseudonymous Bitcoin founder Satoshi Nakamoto at the Plan₿ Initiative’s third annual forum.
According to a press release from Tether, the Satoshi Nakamoto statue embodies the mystery and innovation of Bitcoin’s founders and celebrates their vision and legacy.
Tether unveils Satoshi Nakamoto statue in Lugano
The statue was designed by artist Valentina Picozzi in a way that incorporates the perspective of an observer. It gradually fades as the viewer shifts back and forth, and when viewed from the side, it completely depicts the image of a man concentrating on his laptop. The image symbolizes Nakamoto’s disappearance from the public eye after paving the way for a decentralized financial system.
“This artwork reminds us of the lasting impact of Satoshi’s vision and inspires us to continue pushing the boundaries of innovation and economic freedom. Reshaping the world of finance and helping the world We are honored to announce this tribute to a visionary who empowered millions of people within,” said Paolo Ardoino, CEO of Tether.
Tether argued that the statue serves as a reminder that while Nakamoto’s identity remains hidden, the principles of decentralization and fiscal sovereignty continue to thrive. It is located in front of Villa Ciani in Lugano.
Adoption of cryptocurrency payments
Since the City of Lugano launched its Plan ₿ initiative in partnership with Tether two years ago, the city has made great strides in Bitcoin adoption. The initiative will allow residents to pay utility fees and taxes in Bitcoin (BTC), Tether (USDT), and Lugano’s own Swiss Franc pegged stablecoin (LVGA), recognizing their assets as legal tender. did.
The city annually hosts the Plan₿ Forum, which brings together blockchain industry leaders, government officials, and Bitcoin enthusiasts to discuss the future of cryptocurrencies and decentralized finance.
Michele Foretti, Mayor of Lugano, said: “Lugano is rapidly becoming a leading hub for digital innovation and this statue not only honors Satoshi Nakamoto, but embodies the forward-thinking spirit that drives our city. There is,” he said. We’re proud to host the Plan ₿ Forum and support the growth of blockchain technology and digital assets, and we’re thrilled that this statue honoring the founder of Bitcoin will now be home. ”
In December 2023, the City of Lugano fully accepted cryptocurrency payments by incorporating technology that allows residents to process expenses by scanning a QR code on their bill via their preferred mobile wallet.
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