Sirlibz
Bitcoin Suisse, a highly experienced global market leader in the crypto-financial services has partnered with Ontology, a blockchain platform that solves issues involving Identity security and Data integrity in an effort to grow their ecosystem in Europe and Asia.
The Swiss Crypto financial service provider listed Ontology (ONT) token on their platform and the Ontology wallet added support for the CryptoFrance (XCHF) stable coin.
Ontology has reviewed a good number of token listings from European platforms like Bitpanda and eToroX, they also have a signed MOU with HTW Berlin, a University located there.
Speaking on the significance of partnerships in a bid to grow it’s presence in Europe, Andy Ji, co-founder of Ontology said.
“The timing of this is significant, given our imminent plans to establish an office in Berlin and to expand our European footprint more broadly”
Stable coins adopted as Safe-Haven
The COVID-19 pandemic has left a lot of economies in a bad shape and currencies values dropping with more and more printing of fiats. Cryptocurrencies too were affected, we could see them heading down or turning bearish as some traders prefer to call them. The only way to guarantee profit or not losing your capital at that point was converting to stable coins, with the recent drops in Bitcoin a lot of people have held onto their USDT and other stable coins thereby growing it’s adoption as Safe-Havens.
CEO of Swiss Crypto token Armin Schmid 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.”
