Dirk klee, president of @bitcoinsuisseag on Swiss and cryptocurrency adoption at the @wef. The main promenade is afloat with events and property rental companies, with a growing presence of businesses in the crypto-currency and blockchain space.
The entrance to the wef enclosure is limited by concrete barriers and security staff, drawing an invisible line between the conference and the rest of the davos. The World Economic Forum (WEF) meets every year in Davos to recapture Switzerland's ski city.
The main boardwalk is flooded with events and companies renting properties, with a growing presence of businesses in the crypto-currency and blockchain space. Poretti is the manager of the economic development service of Lugano. This Swiss city has opened btc and crypto-payments to various city accounts for its residents through its lugano project b plan.
Bitcoin was not officially on the wef's agenda in 2023. Crypto and blockchain presented through several workshops during the week.
2023 is the second year that Lugano’s Plan B set up shop in Davos, as it looks to meet new people, create connections and share its story driving real-world BTC adoption and use cases. Bitcoin was not officially on the GEF's agenda in 2023.
Crypto and blockchain showcased in various workshops throughout the week. The project is operational since March 2022 and poretti says then that he is in his childhood, it is a question of educating and proving the usefulness of cryptocurrencies: "it is a question of promoting crypto payments throughout the city through the city administration.”
Pietro Poretti speaks to Cointelegraph’s Gareth Jenkinson outside the World Economic Forum compound in Davos in January 2023.2023 is the second year that Lugano’s Plan B set up shop in Davos, The way he looks for new people, Connect and share your story by supporting the adoption and use of BTCs in the real world. The project has been operational since March 2022 and Poretti says that, although it is in its early stages, it is a matter of educating and demonstrating the usefulness of cryptocurrencies: "lugano plan b dealers accept payment in native lvga chips, bitcoin, lightning and tether network payments (). This year, there has been an emphasis on sharing experiences with other industries, policy makers and public sector representatives.
“I think that at the end of the day if people see the benefits of having an alternative, it’s not something necessarily will replace or is going to replace.”
Lugano’s cryptocurrency payments initiative could serve as a tangible case study for the adoption of decentralized payment options worldwide, including inside the WEF. This year, emphasis has been placed on sharing experience with other industries, decision-makers and public servants.
Poretti argues that innovation in payments has been tackled through "small but very concrete measures" focused on providing different but complementary payment gateways. I think that in this respect, Lugano still is a little bit of a pioneer.”
I think ultimately, if people see the advantages of having an alternative, it's not necessarily something that's going to substitute or replace." Lugano's cryptocurrency payment initiative could serve as a tangible case study for adopting decentralised payment options around the world, inside the WEF as well.
Related: TradFi and DeFi come together — Davos 2023
Representatives from other cities have asked Lugano "how and why" about their Plan B initiative, which Poretti describes as progress: We don't think we need to duplicate the same approach elsewhere in the world.
Maybe it's to learn from what we've done and also to learn from our experience.
I believe Lugano is still a bit of a trailblazer in that regard."
These include participation in financial and legal services and political support to similar initiatives. Maybe the important thing, poretti believes that users are going to stimulate speech and adoption of solutions like Bitcoin: "if your citizens are on board and they say, ‘let's try, we look forward to, we are open', and then when we begin to see the benefits,' says Poretti, this stimulates job creation, stimulates economic growth and ensures the uptake of technology and digital.
Swiss bitcoin was another player in the cryptocurrency industry based in Switzerland that cointelegraph succeeded in connecting to davos. "If your citizens are on board and they say, "Try, we're curious, we're open," then when we begin to see the advantages."
Poretti believes that it stimulates job creation, stimulates economic growth and ensures the adoption of technology and digital technology.
'I would call it the world's wealth management headquarters and the first adopters, wouldn't I? Our reporter @gazza_jenks speaks to Dr. Dirk Klee, CEO of @BitcoinSuisseAG about Switzerland and the adoption of cryptocurrency at the @wef. #CTWEF23 pic.twitter.com/ka00dvWpVz
— Cointelegraph (@Cointelegraph) January 18, 2023
I would say it's the global head office for wealth management and the first users. Is that correct?
We are partly cryptonative.
Who rapidly became wealthy."“
The likes of Lugano and various Swiss regions are prime examples of the potential for cryptocurrency adoption for everyday payments. We got troops out there in Davos!