Saturday, May 30, 2020

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.

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.”

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