A country has been named where cryptocurrency can be used to pay for public services

The Principality of Liechtenstein has recently announced support for the EGLD cryptocurrency and other digital assets. The European country has joined forces with the xMoney.com platform to allow the use of cryptocurrencies to pay for all public services.

Representatives of xMoney.com also confirmed the news on their official X account. The tweet says that Liechtenstein is introducing innovative payment methods. The country now accepts cryptocurrency payments via xMoney for several public services.

MASSIVE: 🇱🇮The Principality of Liechtenstein started accepting $EGLD and other cryptocurrencies available via @xMoney_com, such as BTC and ETH, for all state services.

As a result, citizens can now sidestep the inconvenience and costs associated with transaction fees and… https://t.co/ZkhnUkn5K4

— MultiversX | Sovereign Chains (@MultiversX) January 29, 2024

This step has become a global benchmark for other countries. Liechtenstein is living up to its commitment to create an innovative ecosystem for its citizens. «Customers can now experience the security, speed, and simplicity of paying for public services with cryptocurrencies,» the experts emphasized.

xMoney will also launch a cashback program for users who are stakers. The program will be available in the xPortal application for card payments. After the news of Liechtenstein’s support for cryptocurrencies was published, the excitement around EGLD also increased dramatically.

In December, the government of El Salvador and the issuing company of the largest stablecoin Tether USD (USDT) launched a joint program called Adopting El Salvador Freedom Visa Program. From now on, people can obtain El Salvadoran citizenship for investing $ 1 million in bitcoin or USDT in the country’s economy.

According to the program, 1000 people can participate in obtaining the so-called «golden» visa of El Salvador every year, the holders of which can later apply for citizenship. The government plans to earn up to $ 1 billion a year from this program, and all the money will be used for economic and cultural development, as well as social programs to improve living standards in the country.