Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Ontology and Bitcoin Suisse Collaborate To Strengthen European & Asian Ecosystems

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.