In Wetzikon (Switzerland) the Tezos is used to pay
- Digital coupons can be exchanged for the "WetziKon"
- Corona aid package is based on the Tezos blockchain
Wetzikon, 30 kilometers from the Swiss city of Zurich, is known on the one hand for the churches and on the other hand for the beautiful landscape, consisting of countless green pastures. Now there is another feature: In Wetzikon, a blockchain-based aid program has gone into operation, with which it will be possible to help smaller and medium-sized companies that have gotten into trouble due to the pandemic.
250.000 Swiss Francs are divided into 10 Swiss Francs vouchers
The aid package is 250.000 Swiss francs (around 234.000 euros) and comes from city money that was made available to help companies. Since each of the 25.000 residents receives a voucher worth 10 Swiss francs, this should subsequently be a suggestion to support the businesses in Wetzikon. The auxiliary payment, which is transmitted in the form of a digital voucher, can be called up via the “ecoo” app.
The “ecoo” app was designed to support charitable organizations and government agencies that want to give out funding in the form of electronic points or coins. The mobile application is based on the blockchain from Tezos and comes from the collaboration between Papers AG, a Swiss company, and other subsidiaries of Farner Consulting AG.
The electronic vouchers can then exchanged for "WetziKons" will. These can then be redeemed at regional companies.
With this type of assistance, Wetzikon has opted for a new approach that seems quite interesting. The cryptocurrency Tezos is currently in 22nd place in the ranking of the top 100 cryptocurrencies according to market capitalization. The Tezos price rose 14 percent in the last 15 days - the cryptocurrency is currently at 2,37 US dollars. The all-time high is US $ 4,44 (posted on August 13, 2020).