The Principality of Liechtenstein recently declared its endorsement of $EGLD and various other cryptocurrencies. Collaborating with xMoney.com, the European nation has opted to embrace cryptocurrencies such as BTC and ETH for all government services. This announcement was confirmed by xMoney.com through its official X/Twitter account.

The tweet highlighted how a national administration can revolutionize its service offerings, with Liechtenstein leading the charge by adopting innovative payment methods. The country now facilitates crypto payments via xMoney for various government services.

This move has set a global benchmark for other nations, reflecting a commitment to fostering an innovative ecosystem for citizens. Users can now enjoy the security, speed, and convenience of conducting government transactions using cryptocurrencies.

xMoney expressed its excitement about the partnership and its pride in contributing to progress. The platform confirmed that the service is already operational, allowing users to start utilizing it.

Additionally, xMoney will introduce a cashback program benefiting users who are also stakers, accessible through the xPortal app for card-based payments. Following this announcement, there was a notable increase in interest surrounding $EGLD.

Currently, the MultiversX coin is valued at $55.49, marking a 3.11% increase in value over the past 24 hours. According to the latest EGLD forecast, the coin is projected to reach $85.14 by the end of the year.

MultiversX also shared news of this development via its X/Twitter account, celebrating Liechtenstein's decision to accept crypto payments and expressing enthusiasm for entering this new arena.

The xMoney team is already assisting over 15,000 merchants, including entire cities like Lugano. Therefore, the platform is poised to greatly benefit the citizens of Liechtenstein with its cost-effective and efficient cross-border payment solutions.