Talking Bitcoin adoption in Davos — why more dialogue and use cases are needed within the World Economic Forum.
The World Economic Forum convenes in Davos annually, taking over the Swiss skiing town. The main promenade is flush with events and companies renting out properties, with an increasing presence from companies in the cryptocurrency and blockchain space.
Bitcoin was not on the official agenda of the WEF in 2023. Crypto and blockchain featured across different workshops during the week, but these conversations focused more on Web3, the metaverse, central bank digital currencies and blockchain payment systems rather than decentralized cryptocurrency adoption.
“It’s about promoting crypto payments throughout the city by the city administration. Soon in Lugano, you’ll be able to pay taxes, fines, anything you pay to the municipality.” Lugano’s cryptocurrency payments initiative could serve as a tangible case study for the adoption of decentralized payment options worldwide, including inside the WEF. That has not yet happened, but representatives from other cities have asked Lugano for the “hows and whys” of their Plan B initiative, which Poretti describes as progress:
“If your citizens are on board and they say, ‘let's try, we are curious, we are open,’ then when we start seeing the benefits.”
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