Sunday, August 25, 2019

Crypto ATM In Switzerland Allows You To Sell Your Bitcoin Cash

Bitcoin Cash can now be easily availed in Switzerland as one major crypto ATM company in the country recently added BCH on their machines.

Bitcoin Cash Remains To Be Outstanding

While other cryptocurrencies slowly regain their good posture in the market, Bitcoin Cash remained to be outstanding on its performances. As of March 18, a 9.28 percent rise in BCH prices against the US dollar had been reported– resulting to its whopping $165.48 price.

Now, this huge demand allowed interested minds in Switzerland to also use and invest in BCH and the recent company that does this is the Alpine’s largest crypto ATM network– Värdex Suisse.

Now Allowing Bitcoin Cash (BCH)

On March 19, the said announcement was made via twitter account of the Värdex Suisse AG. This news excites most of their customers as the demand for BCH continues to increase over time.

“Bitcoin Cash (BCH) is online and available now on all our ATMs!,” tweeted Värdex Suisse AG.

Värdex Suisse introduced a massive crypto impact in Switzerland since it has been independently operating in the year 2017. Since this time, the country allows major crypto changes to be implemented such as the formation of ‘Crypto Valley’– located in Zug and the warm support of the government to virtual currencies.

With the help of the crypto ATM network, Swiss can easily transact some of the most well-known crypto in the market, including bitcoin core (BTC), ethereum (ETH) and litecoin (LTC) on over 26 ATM locations of Värdex Suisse in Bern, Zurich, Geneva, Basel, Lucern, and Lausanne.

Related Article:  Crypto Coins Drive Xmas Strategy of Largest eShop; $200BN Cryptocurrency Industry Goes Mainstream for Online Shopping on Flubit.com

Although the spread of crypto fame already went viral in Switzerland, Vardex still hoped that their customers would be able to sell and buy cryptos “as seamless and easy as a regular visit to a bank ATM.”

Switzerland’s Open Support For Crypto

As reported via Coinatmradar, there were already 52 licensed crypto ATMs in the country in which almost half of them allows bitcoin cash in the system. Still, Vardex sees this number as a small percentage as Swiss demand more from the crypto market until now.

This proves that the harmonious relationship between the government and the crypto companies has a major effect in the industry. As a matter of fact, Zug’s finance director, Heinz Taennler stated last year that their existence in the country allows foreign market to continue investing in the country.

Aside from this, according to him, “These are hundreds of jobs that have been created [because of crypto], and every job is important.”

More Articles

Non-governmental Organization to Promote Blockchain Technology in India

Andraha Pradesh is one of the few states in India where Blockchain technology is used in maintaining land records and vehicle title. This adoption...

Specific Texas Areas Can Now Pay For Electricity Using...

The residents of Texas can now pay for electricity utility with ether and dai. The service is being spearheaded by the energy arm of...

One More Way To Purchase Litecoin Using Fiat As...

Edge users now have Litecoin (LTC) added to their long list of cryptocurrencies that can be used on the Edge cryptocurrency wallet, as the...

Bitmain To Go For CryptoNight Currencies; Enter The Antminer...

ASIC-based mining giant Bitmain announced yesterday that they will launch a new mining rig, dubbed "Antminer X3", to mine cryptocurrencies based on the CryptoNight...

Ethereum to Replace its “Heart” with a New One:...

In a lengthy interview with two important developers in the company, Lane Rettig and Nick Johnson, the Ethereum Virtual Machine (EVM) has been talked...

Bulls Aren’t Ready Yet; Bitcoin Is Exhausted, Traders Warn

The price of Bitcoin has seen a recent leap from the $5,000 mark to over $5,500, consolidation on the earlier leap seen...

nChain CEO Believes Bitcoin Cash Will Do Better In...

During an exclusive interview with Coingeek, the nChain CEO, Jimmy Nguyen expressed confidence in the growth of Bitcoin Cash adoption in the terrain of...

Binance Freezes Stolen Cryptopia Funds Transferred to its Exchange

Just when crypto enthusiasts thought they'd heard the last on the Cryptopia security breach, another news has emerged. This time, it's about Binance, a...

Bitfinex Launches New EOS-Based Decentralized Exchange EOSfinex

One of Asia’ largest cryptocurrency exchanges, Bitfinex, has announced that it would be introducing EOSfinex, an improved version and high-performance decentralized exchange which uses...

Hash War For Bitcoin Cash: Bitcoin ABC Wins, Market...

The Bitcoin Cash hash war occurred today, and it has a clear winner: Bitcoin ABC. The battle transcurred normally and no chain attacked the other....

SEC Will Review ETFs Proposals Again This November

The USA SEC (Securities and Exchange Commission) will review ETFs proposals soon, according to a timeframe that they themselves established when reviewing some applications and giving some...

Latest Articles

Why Some Financial Bubbles Are Necessary Economic Disasters

The history of the worldwide economy is punctuated by financial bubbles. They happen more often than we think.  Fortunly’s infographic below provides a comprehensive...

Microsoft 70-411 Exam: Everything You Need to Know

We can’t deny the fact that the world is moving towards the future faster than ever before. Not a day goes by that we...

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...

How To Buy Bitcoin On Coinbase – Step-By-Step Guide

Buy Bitcoin on Coinbase instantly in the U.S., UK, Canada, or anywhere you are globally. Coinbase cryptocurrency exchange has enabled its customers buy the...

Grayscale Bitcoin Trust Boosts By 300%, Affects Oil &...

The institutional investment product, Grayscale Bitcoin Trust (GBTC), experienced a growth of more than 300% due to its outstanding performance since February, Forbes reports....

How To Create A Coinbase Account – Step-By-Step Guide

Create a Coinbase account with ease. Use this illustrative guide to create a Coinbase account for buying, selling, and storing cryptocurrencies. And you know...

$9.2 Trillion Transferred Using Bitcoins In 2.5 Years

Against present belief that bitcoin is only used for speculation, James McDowall, a crypto investor and advisor shared a metric about Bitcoin that's been...