Liechtenstein’s postal service offers cryptocurrency exchange over counter at post offices in Vaduz, and plans to extend service nationwide.

Liechtensteinische Post AG, the official postal service of Liechtenstein, has said it will offer exchange services for cryptocurrencies at physical branches from today.

During the introductory phase, the service will only be available for Bitcoin and at the post office counter in Vaduz, the tiny country’s capital. However, later it will be rolled out to other post office branches in the country, and it will also allow the exchange of Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP).

In a statement, Liechtensteinische Post AG said it had decided to offer the new cryptocurrency exchange service in its post offices because it saw it as “nothing different” from the conventional money exchange business, which it has always offered. Customers using the service will be given a physical cryptowallet, which will generate public and private keys.

The service is being offered in partnership with Värdex Suisse AG, the largest blockchain payment service provider for the development and operation of Enterprise POS Blockchain solutions in Switzerland and member of the Association for Quality Assurance of Financial Services (VQF) and part of the Crypto Valley Zug Community.

Liechtenstein and neighbouring Switzerland are trailblazers in blockchain and cryptocurrency adoption, and this latest move will certainly improve accessibility and can only drive wider adoption of cryptos in everyday use.

Just three weeks ago AYO.NEWS reported that ‘Crypto Valley’, which extends through Liechtenstein and Switzerland had seen the number of blockchain firms operating there increase by 20% in the fourth quarter of 2018 alone (see CRYPTO VALLEY SEES DRAMATIC GROWTH DESPITE ‘CRYPTO WINTER’).