The post office in Liechtenstein is taking advantage of the Cryptocurrency revolution, with a newly added cryptocurrency exchange service. The crypto service will roll out for the most popular cryptocurrency Bitcoin (BTC) in the capital city of Vaduz. Future plans include the addition of four more cryptocurrencies including Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP).
Zug based Värdex Suisse which is the operator of the largest cryptocurrency ATM network in Switzerland is helping Liechtenstein in its crypto offering. The announcement states that once a BTC purchase is made the customer will receive a physical cryptocurrency wallet which will include the public and private keys.
Värdex Suisse is noted to be Switzerland’s most significant, financially regulated blockchain and POS network operator. It’s a member of the Financial Services Standards Association (VQF) and part of the Crypto Valley Zug community.
Liechtenstein is a German-speaking European country is in close proximity to Austria and Switzerland. With cryptocurrency services being rolled out by government-owned utilities such as the post office, it showcases the mindset of the government which is similar to its neighbor’s Switzerland’s area of Zug which is noted for blockchain activities.
Earlier in the month, a Liechtenstein based cryptocurrency fund manager called Invai gained the backing from a member of the Royal family of Dubai Sheikh Saeed bin Ahmed Al Maktoum. It brings forth positivity for the Lichtenstein economy in terms of Fintech as it already has a driven financial service sector.
Cryptocurrency adoption is slowly gaining momentum, Over 10,000 Tobacco shops in France will start selling Crypto coupons which can be redeemed on a website. Cryptocurrencies are also taking off in the gift card sector, popular gifting platform Swych recently started accepting payments in Cryptocurrencies.
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