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OTCbid - Lugano Introduces Bitcoin, Tether, LVGA as Legal Tender

 

 

 

 

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" Lugano is following in El Salvador’s footsteps in introducing Bitcoin as legal tender. Tether and LVGA will also be official currencies in the Swiss city as part of its commitment to blockchain.

Citizens will be able to use Bitcoin, Tether, and LVGA to pay for taxes, goods, and services. 

Lugano Announces “Plan B” 

The City of Lugano is introducing Bitcoin, Tether, and its own LVGA token as legal tender. 

Officials from the Swiss city and Tether announced the update, dubbed “Lugano’s Plan B,” in a Thursday live stream, before Tether posted a tweet. Lugano citizens and companies will be able to use Bitcoin, Tether, and LVGA to pay for all goods, services, and taxes “in the near future,” a press release confirmed. When citizens use crypto assets as a currency, the funds will be converted into local fiat via a third party intermediary. 

Lugano’s Plan B will see the city and Tether collaborate in hopes of making Lugano a hub for blockchain adoption in Europe. Through the partnership, Lugano and Tether are hoping to demonstrate the real-world utility for blockchain within the local community. The press release said that the collaboration would mark Tether’s “first full-scale urban practical use case.” 

- Read Full Article
 

Source: cryptobriefing

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300K-1,000K BTC SELLER IN LONDON

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

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 -10% Gross, -5% Net, Ledger2Ledger, HSBC London

 

Buyer MandateS On

 

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NEW: 300K-1,000K BTC @ -10% Gross, -5% Net, Ledger2Ledger, HSBC London - Look For Buyer

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(Seller :  KIFZ...PAHM-GAIL)

Post: 4.3.22

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• Seller is selling 300K-1,000K BTC @ -10% gross, -5% net​

• First tranche = 5000 BTC

• Second tranche = 10,000 BTC

• Subsequent tranches = 25,000 BTC

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• Buyerside = 2% (open)

• Sellerside = 2% (closed)

• Intermediaries = 1% (Buyer Intermediaries(open) 0.5% ; Seller Intermediaries(closed) 0.5%)

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• LEDGER TO LEDGER – BANK PROCEDURE :

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1. BUYER EXECUTES THIS BITCOIN SALES/PURCHASE CONTRACT. THIS IS MANDATORY AT THIS STAGE (BUYER PROVIDE CURRENT STATEMENT ACCOUNT).

2. SELLER COMPLETE AND EXECUTES THIS BITCOIN SALES/PURCHASE CONTRACT.

3. SELLER WILL REMOTELY SHOW HIS WALLET LIVE SCREEN WITH BUYER VIA TEAMVIEWER OR ZOOM VIDEO CALL, BUYER CONFIRM THE COIN BALANCE.

4. DAILY EXCHANGE RATE VIA WWW.COINMARKETCAP.COM /BITCOIN.COM IS CONFIRMED BETWEEN SELLER AND BUYER, BUYER WILL SEND BACK PURCHASE ORDER FOR 1ST TRANCHE OF 5,000 BITCOIN, AND SELLER WILL SEND AN INVOICE.

5. BUYER CREDITS FUND SELLER’S HSBC  ACCOUNT WITH VALUE OF CURRENT TRANCHE AMOUNT BEFORE SELLER TRANSFERS THE EQUIVALENT NUMBER OF BITCOINS WITH THE DISCOUNT INCLUDED TO BUYER’S DESIGNATED WALLET. 

6. INTERMEDIARY PROCUREMENT ASSOCIATES ARE IMMEDIATELY COMPENSATED FOR THE 1ST TRANCHE AS PER THE IMFPA OF THIS CONTRACT, AND PER TRANCE.

7. SELLER TRANSFERS THE 5,000 BITCOINS FOR THE 1ST TRANCHE TO BUYER’S WALLET AFTER SELLER CONFIRMATION OF BUYER FUND IN THE SELLER’S HSBC ACCOUNT.

8. BUYER AND SELLER WILL CONFIRM THE RECEIPT OF THE BITCOINS VIA BLOCKCHAIN ON FIRST CONFIRMATION.

9. STEPS 1 THRU 7 ARE REPEATED PER TRANCHE SCHEDULE IN THE ANNEX OF THIS CONTRACT UNTIL THE CONTRACT TOTAL SALE/PURCHASE VOLUME IS COMPLETED.

10. THE SELLER AND BUYER FIX THE APPOINTMENT ON THE NEXT BUSINESS DAY TO TRANSACT ON THE NEXT TRANCHE AS PER THE “TRANCHE SCHEDULE” IN THE CONTRACT, UP TO THE 9 TRANCHES.

11. ON AND SUBJECT TO THE TERMS AND CONDITIONS OF THIS AGREEMENT, AT EACH CLOSING, SELLER SHALL SELL, TRANSFER, AND DELIVER TO BUYER, AND BUYER SHALL PURCHASE, PAY FOR, AND TAKE DELIVERY OF, FREE AND CLEAR OF ALL ENCUMBRANCES. ALL OF SELLER’S RIGHT, TITLE, AND INTEREST IN AND TO THE BITCOINS AT THE TIMES AND IN THE TIMES AND AMOUNTS SET FORTH ON THE ATTACHED TRANCHE SCHEDULE SHALL BE TRANSFERRED TO THE BUYER.

• NOTE: 

• NO SATOSHI, NO COIN MOVEMENT FROM WALLET A TO WALLET B 

• NON PERFORMING PARTY SHALL PAY PENALTY OF USD $5,000,000.00 

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BUYER MANDATE ONLY

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Interested parties should contact :

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• OTCbid@gmail.com

• DM Raymond Chai (on Linkedin)

• Telegram @OTCbiddotcom

• Telegram: +1 (786) 632 8577

• T.me/otc_bid

• OTCbid.com

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