Liechtenstein is in the latest crypto news, where the official post office just started offering fiat-to-Bitcoin exchange services through a partnership with a Swiss blockchain company named Vardex Suisse, a regulated payment service provider based in Switzerland.
The Liechtensteinische Post AG office in Vaduz ― the capital of Liechtenstein ― first launched this service on February 15th. As they described it:
“Nothing is different from the conventional money-exchange business, which has always been part of Swiss Post’s service offering. The customer receives a physical cryptowallet ― which allows him by means of public and private keys ― activation of the crypto box in the network.”
As soon as the introductory phase is complete, customers will be able to exchange fiat into other cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash as well as Ripple.
The main aim of this country is to prove that it is among the most crypto-friendly nations in the world, which began in June 2018 when Liechtenstein introduced the Blockchain Act. Speaking of, the purpose of this initiative is to make the 25-kilometer principality a major crypto hub for institutional investors.
Right now, Bitcoin is in the forefront in Liechtenstein and it is likely for the crypto climate to grow and stabilize even more, especially when it comes to its ease of access.
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