Bitcoin Investors in This European Country Can Now Buy Crypto at the Post Office
Story by: Samantha Chang
Liechtenstein’s official post office is offering fiat-to-bitcoin exchange services through a partnership with Swiss blockchain company Värdex Suisse, a regulated payment service provider based in Switzerland.
The Liechtensteinische Post AG office in Vaduz ― the capital of Liechtenstein ― launchedthe crypto exchange service on February 15.
“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.”
After an introductory phase, customers will be able to exchange fiat money into other cryptocurrencies, including Ethereum, Litecoin, Bitcoin Cash, and Ripple.
‘AN ENTIRE TOKEN ECONOMY’
Liechtenstein (population: 37,800) is among the most crypto-friendly nations in the world. In June 2018, Liechtenstein introduced the Blockchain Act.
The purpose of the Blockchain Act is to make the 25-kilometer principality a crypto hub for institutional investors. In Liechtenstein, a blockchain business can set itself up without opening a bank account. Moreover, the country’s leading financial institution, Bank Frick, accepts crypto directly.
In February 2018, Crown Prince Alois told CNBC that he believes that investing in bitcoin will help his family restore their wealth. He’s also exploring using blockchain to manage the day-to-day administration of the monarchy.
BITCOIN WARS HEAT UP
In Europe, Asia, and the United States, there is a crypto war brewing over dominance of the emerging digital economy.
In December 2018, two members of the French Parliament urged the government to invest up to 500 million euros in blockchain programs to elevate France as a “blockchain nation.”
To this end, Deputies Jean-Michel Mis and Laure de La Raudière outlined 20 proposals to promote the mainstream adoption of blockchain.
“2019 will be the year of the blockchain in France,” Jean-Michel Mis said. “This 10-year technology is moving out of the experimental stage into industrial implementation. The public will see the emergence of its uses in their daily lives.”
Similarly, Laure de La Raudière urged France to capitalize on the technology before China and the United States beat them to the punch.
“France must have a conquering philosophy on this subject. I’m sounding the alarm: It is time to invest. We must accelerate with French and European public money.”
Original story by: https://www.ccn.com/bitcoin-investors-in-this-european-country-can-now-buy-crypto-at-the-post-office
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