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Switzerland will have a new digital currency native to its territory. Ticinocoin (TIC) is the Cryptomoneda created in the canton of Ticino (Ticino, in Spanish), south of Switzerland, and according to the Tribune newspaper Geneve on February 21, would only work to make payments within this Swiss town .

The new digital currency was created by Claudio Rossini and Michele Fiscalini, a pair of computer scientists who piloted their project a week ago and also expect the ICT exchange rate to be 1 Swiss francs per TIC.

At the moment, it is not certain whether the operation of the Ticinocoin requires the authorization of the Swiss Financial Market Supervisory Authority (FINMA), the body responsible for financial regulation in the Swiss Confederation. All in all, the Swiss government has already been in favor of innovation previously with flexible regulations for Fintech startups in the country, and the ICT change by other virtual currencies itself will be free. It will be necessary to wait for more details on the new criptomoneda that will enter the Swiss market. But the use of this regional digital currency is expected to stimulate the southern region's economy by offering faster, safer transactions at lower cost.

It should be emphasized that this would not be the first time that the population of Switzerland has used cryptononedas regionally, since in the city Zug, located in the Swiss canton of the same name, municipal services were allowed with cryptononedas with the aim of knowing The reaction of the inhabitants to the adoption of payments with digital currencies such as bitcoin and altcoins. And the experience of local currencies, not necessarily digital, already has precedents in other Swiss regions like Lémans and Valais.

It is also important to remember the attraction of Bitcoin companies to the European Silicon Valley, the aforementioned Zug region south of Zurich, after favorable conditions for the financial technology industry.

Companies such as the Xapo, Ethereum and ShapeShift digital wallets have offices in this area and enjoy the attractive benefits traditionally offered by the Swiss economy, coupled with flexible and specialized regulation for the digital economy based on blockchain