Besides, the Office can issue invoices via Payment Gateway, which can be paid by customers with Bitcoin and Ether. The idea behind the project is how the start-up process of an AG or GmbH can become simpler and faster. After an invoice is paid, the corresponding amount in cryptocurrency is automatically changed by Bitcoin Suisse AG to Swiss francs and then transferred to the Commercial Registry Office. The principles of cryptography are used to implement a decentralised and secure digital payment system. It will be unlocked automatically after 10 minutes. Among other things, the Office in Zug was the first one in Switzerland to register a company with an in-kind contribution in Bitcoin on 25 September 2017. As of 2 November 2017, fees can be paid at the Zug Commercial Registry Office (Switzerland) with the cryptocurrencies Bitcoin and Ether.
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Thus the Office receives exactly the amount of Swiss francs which it has invoiced to its customers. Cryptocurrencies are money in the form of digital means of payment. Furthermore, the Zug Commercial Registry Office is a partner of a digitisation project regarding the founding process of AGs or GmbHs. For some time now the Zug Commercial Registry Office has also been dealing with blockchain and cryptocurrency matters in other contexts. At the same time, digital innovation should help to abandon paper while ensuring a high level of security. Zug : The New Crypto eth bitcoinity and FinTech HotSpot!
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