Liechtenstein, a small principality known for its forward-thinking approach, has taken a significant step towards embracing the world of cryptocurrencies.
As such, the country has partnered with Web3 platform xMoney to enable the use of digital currencies to pay for government services. This strategic cooperation sets new standards for countries around the world, demonstrating Liechtenstein's commitment to creating a convenient environment for its residents.
MASSIVE: 🇱🇮The Principality of Liechtenstein started accepting $EGLD and other cryptocurrencies available via @xMoney_com, such as BTC and ETH, for all state services.
— MultiversX (@MultiversX) January 29, 2024
As a result, citizens can now sidestep the inconvenience and costs associated with transaction fees and… https://t.co/ZkhnUkn5K4
By accepting cryptocurrencies, Liechtenstein citizens can now enjoy seamless, secure and lightning-fast payments to public authorities.
According to xMoney, Liechtenstein residents can use popular cryptocurrencies such as #Bitcoin and #Ethereum to pay for a variety of services, including commercial licenses, trademark registrations, commercial register statements and family register statements. This expansion of payment options provides greater flexibility and convenience for both individuals and businesses.
In addition to the convenience of crypto payments, the partnership between #Lichtenstein and xMoney carries interesting benefits for users. The announcement includes the introduction of a cashback program for service users and holders of UTK, the native token of the xMoney platform. To participate in this enticing offer, all you need to do is download the handy xPortal app.
This recent development in Liechtenstein follows in the footsteps of the Swiss city of #Lugano, which started accepting digital assets for bill payments in December 2023. Moreover, the local government has taken a proactive stance by launching a school program to introduce students to the world of cryptocurrencies.
