Bitcoin Cash (BCH) has gotten a massive boost in Switzerland. Värdex Suisse, a major crypto-ATM operator, has tweaked its machines to support the coin.
Värdex has a license to operate in Switzerland. It gives people a way to access their digital assets via the ATMs and point-of-sale terminals. It also works together with Swiss retailers and foreign companies.
In its mission statement, Värdex says that it aims to connect people to the world of crypto. The company seeks to fulfill this mission by creating a secure way of buying and selling digital assets via the ATMs.
In a Tweet about this new development, the company stated:
— Värdex Suisse AG (@vaerdex) March 19, 2019
According to ATMradar.com, there are 26 crypto ATM locations in Switzerland. Major cities like Zurich, Bern, Geneva, Lucerne, Basel, and Lausanne have the ATMs within their limits.
Värdex machines support other major altcoins as well. You could buy or sell Bitcoin Core (BTC), Ethereum (ETH) and Litecoin (LTC) through the ATM.
A Short History of Värdex
Värdex launched in 2017 as Bitcoin Suisse AG. It changed its name and has been working to bridge the gap between supply and demand of cryptocurrency services in the retail sector. It is one of the companies under the umbrella of Financial Services Standards Association (VQF). It is also a member of the clique of companies in the Zug-based Crypto Valley.
The company aims to bring the most common cryptocurrencies to the masses. To do that, it has sought to make the process of buying and selling crypto very seamless. Besides, the company is entering into strategic partnerships. It recently joined forces with Liechtenstein’s post office services, to set up an exchange.
Perfect Conditions for Business
Switzerland offers the ideal conditions for business for Värdex and other crypto startups. The country on in the blockchain tech. In the crypto valley, there are about 750 tech companies.
The favorable regulations and the business-friendly environment has led to a booming ecosystem of companies. According to data from ATM Radar, the number of Bitcoin Cash ATMs is growing. There are more than 350 sites all around the continent.
Do you think that Bitcoin Cash adoption will improve now? Let us know in the comment section below!