Liechtenstein has started accepting Bitcoin and Ethereum to pay for public services
Representatives of the xMoney platform announced the launch of crypto payments in Liechtenstein. Now cryptocurrency can be used to pay for government services. Earlier, the administration of the Swiss city of Lugano came up with a similar initiative.
The Principality of Liechtenstein has begun to accept cryptocurrencies as a means of payment for public services. Support for crypto payments has become possible thanks to a strategic partnership with the xMoney Web3 platform.
According to representatives of the payment service, the cooperation sets global benchmarks for other countries and is consistent with commitments to create an innovative environment for residents of the state:
"Now the citizens of Liechtenstein will be able to verify the ease, security and high speed of settlements with government agencies using cryptocurrencies," xMoney said in a statement.
The source claims that residents of the country can use bitcoin and Ethereum to pay for a number of services, including commercial licenses, trademark registration, extracts from the trade register and extracts from the family register.
As part of the partnership, a cashback accrual program was announced for users of the service, as well as holders of the UTK native token of the platform. To take advantage of the offer, you need to download the xPortal application, representatives of the Web3 platform said.
Source: Incrypted
