Published by gbaf mag
Posted on June 25, 2020
By Andy Ji, Co-founder of Ontology.
Ontology’s ONTO wallet now supports CryptoFranc (XCHF) stablecoin, with ONT token also available for trading on Bitcoin Suisse online platform
Singapore – 17 June 2020 – Ontology, the high-performance enterprise blockchain, has announced a collaboration with Switzerland’s leading crypto-financial service provider Bitcoin Suisse.
As part of the cooperation, Ontology’s ONTO wallet will now support the CryptoFranc (XCHF) stablecoin, meaning wallet users can now send and receive their XCHF holdings through the ONTO wallet application, while managing their digital identity. The collaboration also means that the ONT token is now available through the Bitcoin Suisse online platform, which offers clients of Bitcoin Suisse 24/7 trading across a range of the crypto industry’s top exchanges worldwide. It also opens up avenues for other mutually-beneficial, cross-market collaborations between Ontology and Bitcoin Suisse, with a particular focus on Asia and Europe.
Commenting, Andy Ji, Co-founder of Ontology said, “We are thrilled to be working with Bitcoin Suisse, one of the leading crypto-financial services companies that has played a prominent role in defining Switzerland’s strong credentials as an elite crypto and blockchain jurisdiction. The timing of this is significant, given our imminent plans to establish an office in Berlin and to expand our European footprint more broadly.”
Armin Schmid, CEO of Swiss Crypto Tokens said, “In the midst of this phase of global financial turmoil and uncertainty, both institutional and retail investors are increasingly being drawn to safe haven currencies such as the Swiss Franc. I’m pleased that users of the ONTO wallet can now access the CryptoFranc and use it anywhere that XCHF is accepted.”
The news follows a string of high profile announcements for Ontology, having recently inked exclusive partnerships with Venezuela Blockchain and German decentralized digital identity specialist Spherity. Ontology’s focus on the European market has sharpened significantly, with the company’s native ONT token recently becoming available on the eToroX and Bitpanda platforms. Ontology also expects to launch a Berlin office in the coming months, and recently signed a Memorandum of Understanding (MOU) with Berlin’s Hochschule für Technik und Wirtschaft (HTW) University to explore joint research and teaching initiatives, with a view to developing a number of bespoke blockchain applications.
“The importance of safe haven currencies has never been more pronounced, and we are very excited to extend the reach of the CryptoFranc stablecoin (XCHF) to our diverse community of users. This collaboration re-affirms our commitment to broadening the scope of our ONTO wallet capabilities, while also sustaining our platform’s organic European growth,” concluded Ji.
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