The price of xMoney (formerly known as Utrust), represented by the symbol $UTK, has experienced a remarkable surge, gaining over 20% in the past 24 hours.
Additionally, its 24-hour trading volume has skyrocketed by a staggering 1967%, making it the top daily gainer on Binance at the time of writing.
Driving this surge is the Principality of Liechtenstein’s adoption of xMoney for its public services, marking a significant milestone in cryptocurrency adoption. By accepting xMoney for government payments, Liechtenstein is setting a global standard for embracing digital currencies.
🟣Can a national administration redefine its service landscape?
Absolutely, especially when it embraces innovation in payment options ⛓
The Principality of Liechtenstein is at the forefront of this transformation, now accepting #cryptopayments through #xMoney for its… pic.twitter.com/dSGs2pIduC
— xMoney.com (@xMoney_com) January 29, 2024
Liechtenstein’s Move Shows Commitment To Effective Environment And Condition For Users
This move underscores Liechtenstein’s commitment to creating a modern and efficient environment for its citizens. With xMoney, people can now enjoy the simplicity, security, and speed of settling government transactions using cryptocurrencies. This aligns with the shared mission of modernization and efficiency enhancement.
The payment process with xMoney is already operational in Liechtenstein, signaling the practical implementation of cryptocurrency solutions in real-world scenarios. Looking ahead, the xMoney team plans to introduce a cashback program aimed at providing benefits to buyers who stake and hold $UTK tokens.
We will be releasing a cashback program whose main goal is to provide benefits to buyers who are also stakers, and therefore holders, of $UTK. It will also be available in the #xPortal app for card payments.
— xMoney.com (@xMoney_com) January 29, 2024
The cashback program will incentivize users to participate in the ecosystem while enjoying additional perks for their loyalty. Furthermore, the program will be integrated into the xPortal app, offering users convenience and accessibility for card payments.
Overall, the surge in xMoney’s price and volume, coupled with Liechtenstein’s embrace of cryptopayments, highlights the growing acceptance and utility of cryptocurrencies in mainstream transactions.
As more entities and jurisdictions follow suit, the landscape of financial transactions is evolving towards greater inclusivity and efficiency powered by blockchain technology.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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