Blockchain platform Ontology and Swiss crypto-financial service supplier Bitcoin Suisse have partnered collectively in an effort to develop their respective ecosystems in Europe and Asia. The partnership sees Bitcoin Suisse listing the Ontology (ONT) token and the Ontology pockets including assist for the CryptoFranc (XCHF) stablecoin.
Co-founder of Ontology Andy Ji defined the importance of this partnership in relation to the agency’s European progress technique:
“The timing of that is vital, given our imminent plans to ascertain an workplace in Berlin and to broaden our European footprint extra broadly.”
In latest months, Ontology has obtained token listings from European platforms eToroX and Bitpanda and has signed an MOU with Berlin’s Hochschule für Technik und Wirtschaft College.
A transfer towards stablecoins
Secure-haven currencies such because the Swiss franc and stablecoins have seen a rise in consideration on account of the latest world pandemic in keeping with CEO of Swiss Crypto Tokens (a subsidiary of Bitcoin Suisse Group) Armin Schmid:
“Within the midst of this part of world monetary turmoil and uncertainty, each institutional and retail traders are more and more being drawn to protected haven currencies such because the Swiss Franc. I’m happy that customers of the ONTO pockets can now entry the CryptoFranc and use it anyplace that XCHF is accepted.”
Switzerland has at all times been a protected haven for monetary and cryptocurrency corporations. In 2018, the previous Swiss president even introduced his purpose of creating Switzerland a “Crypto Nation.”