Ontology announced a new partnership aiming at new markets in Europe and Asia. The firm partnered with Switzerland’s crypto company, Bitcoin Suisse.
The partnership’s essential part includes support for CryptoFranc (XCHF) stablecoin in Ontology’s ONTO wallet. Besides, ONT holders can now trade their tokens in Suisse online platform.
“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,” according to Ontology.
Bitcoin Suisse is one of the famous and reliable crypto firms in Europe, located in Switzerland. Workin with it means a lot for Ontology and can create various opportunities for them considering market growth. Ontology tries to expand its presence in Europe, and collaborating with Suisse means accessing enterprise and individual user-base in the most famous financial market in the region.
“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,” said Andy Ji, Co-founder of Ontology.
XCFH, the stablecoin pegged 1:1 to the swiss franc, is one of the cryptocurrencies that people use nowadays as a store of value. Especially in the current situation of financial crisis due to the COVID-19 pandemic, the tendency to buy and store XCFH has grown.
Armin Schmid, CEO of Swiss Crypto Tokens, said about the new partnership,
“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.”
Ontology has recently partnered with many blockchain companies worldwide, and their growth plans seem very serious. Venezuela Blockchain and German decentralized digital identity specialist, Spherity are other new partners of Ontology.
If you found this article interesting, here you can find more Cryptocurrency news