Cryptocurrency

The Largest Crypto ATM Network in Switzerland Now Accepts BCH

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Bitcoin Cash has now been made available on the largest crypto ATM network in the Alpine nation of Switzerland. Värdex Suisse, which operates the largest and most advanced Crypto ATM Network in Switzerland to buy and sell cryptocurrencies, announced the news via a tweet on 19th March.

“Bitcoin cash (BCH) is online and available now on all our ATMs!” read the tweet by the official twitter handle of the company @vaerdex.

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Värdex Suisse is a Swiss Blockchain POS and service provider which offers easy, fast and secure access to the world of crypto and the increasing demand for digital assets. Their mission is to make the buying and selling digital currencies as seamless and smooth as a regular visit to a bank ATM. The company which started in 2017 originally by Bitcoin Suisse AG has been spin-off into an independent company in late 2017 to meet the high demand of local market requests as per their website. Värdex Suisse AG is a member of the Financial Services Standards Association (VQF) and part of the Crypto Valley Zug Community.

The company has 26 ATM locations in major Swiss cities such as Bern, Zurich, Geneva, Basel, Lucern, and Lausanne according to their website. According to ‘Coin ATM Radar,’ the ATM tracker website, there are about 52 bitcoin ATMs and crypto tellers across Switzerland. A majority of them currently support purchases and sales of bitcoin cash. Reportedly, BCH has been gaining in popularity because of the fast and low fee transactions and hence, there has been an increase in adoption of Bitcoin Cash worldwide.

Switzerland has been one of the many countries leading cryptocurrency revolution in Europe. The Alpine nation has actively tried to create favorable conditions for crypto companies and blockchain businesses. The authorities are making a serious effort to capitalize on the trend of blockchain proliferation and build a robust domestic crypto-centered industry, as per crypto insiders. Zug, a small, charming city has become the hottest destination in the world for blockchain businesses. Zug is called the Crypto Valley of Switzerland and offers a powerful platform for global growth due to its business infrastructure, privacy-friendly legislation, world-class talent (ranked number 1 in the world for ease of attracting and retaining world-class talent), and the openness and accessibility of its local crypto-friendly government. The Crypto Valley Association based in the region aims to build “the world’s leading ecosystem for blockchain and cryptographic technologies.”

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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