Liechtenstein post office now offers crypto exchange

15 Feb, 2019
by David Robb
Adoption
Liechtenstein post office now offers crypto exchange

The small European nation of Liechtenstein has made a major move towards crypto adoption. The country's national post office, Liechtenstein Post, is now offering to exchange cryptocurrencies for customers.

According to post.li, the crypto exchange service will function the same as regular money exchange services. A post office counter in Vaduz will be the site of the introductory trial, offering exchange of Bitcoin (BTC) into fiat currency.

Read more: In a world first, Liechtenstein bank issues its own tokens and stablecoin

If this trial is successful, the service should be expanded to include more crypto tokens: Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP).

This initiative is the result of a business partnership between Liechtenstein Post AG and Vardex Suisse. Vardex Suisse is the largest blockchain payments provider for large-scale businesses in Switzerland. It is also a member of the Crypto Valley Zug Community, an influential co-operative group of crypto firms in one of the main business regions in Switzerland, a country known for its low-tax, business-friendly environment.

Read more: 6 Bitcoin conspiracy theories: did the CIA create BTC, or 4 tech giants?Falcon: Swiss bank is hoping to be the first to provide banking for crypto

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a lot of countries, especially smaller ones, are getting more more adopted for the crypto future. lets see who will prepare best
22 Feb, 2019 - 13:40

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