The Italian city of Romeovil has officially been switched from a cashless system to a cashier-based system, according to the country’s finance minister.
The move came after the central bank announced it would accept more digital currencies, including Bitcoin.
The news was made official Friday, after the government’s chief executive and head of the countrys central bank, Paolo Gentiloni, attended a bank holiday in Italy.
“We are happy to announce that the government of Italy has switched from cashless to cashier based system in Rome,” Gentilini said in a statement.
“This is a major step towards a more efficient and transparent banking system and we will do our best to improve the current situation,” he said.
The new system will allow businesses to accept payments through the bank’s electronic systems, without any central authority.
The change means the cashier will receive a digital currency and can process it directly without having to go through a central bank.
However, the Italian government will still have to check the identity of the customer.
It’s not clear how the new system would work with the traditional bank.
The central bank is expected to announce more details later this week.