The Principality of Liechtenstein recently announced support for $EGLD and other cryptocurrencies. The European nation has joined hands with xMoney.com to accept cryptocurrencies like BTC and ETH for all state services. xMoney.com confirmed the news on its official X/Twitter account as well.
The tweet read that a national administration can redefine its service landscape. The Principality of Liechtenstein is doing so by embracing innovative payment options. The country now accepts crypto payments via xMoney for several government services.
The development has set a worldwide benchmark for other countries. The step aligns with the commitment to establishing an innovative ecosystem for citizens. Customers can now experience the security, speed, and ease of settling government transitions using cryptocurrencies.
xMoney expressed delight about the partnership and said it is honored to contribute to the progress. The platform also confirmed that the service is already operational, and users can start accessing it.
xMoney will also release a cashback program to benefit users who are also stakers. The program will be available in the xPortal app for card-based payments. As soon as the news was dropped, the buzz surrounding $EGLD also spiked.
At present, the MultiversX coin is worth $55.49, representing a 24th-day increase of 3.11% in value. The coin will conclude the year at $85.14, per the most recent EGLD forecast.
MultiversX also talked about the development via its X/Twitter account. The tweet by the blockchain covered the news of the Principality of Liechtenstein accepting crypto payments. In addition, the network expressed pleasure about entering a new field.
The xMoney team is already helping 15,000+ merchants, including entire cities like Lugano. Thus, the platform will work wonders for the citizens of the Principality of Liechtenstein with its cheap and quick cross-border payments.