The Blockchain Ontology platform and the Swiss crypto-financial service provider Bitcoin Suisse have partnered in an effort to grow their respective ecosystems in Europe and Asia. For this reason, Bitcoin Switzerland lists the Ontology token (ONT) and the Ontology wallet, and adds support for CryptoFranc (XCHF) stablecoin.
Ontology co-founder Andy Ji explained the importance of this partnership in relation to the company’s European growth strategy:
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„The timing is important, given our imminent plans to establish an office in Berlin and expand our European footprint more widely.“
In recent months, Ontology has received lists of tokens from the European platforms eToroX and Bitpanda and has signed a memorandum of understanding with the Hochschule für Technik und Wirtschaft in Berlin.
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A movement for the stablecoins
Safe haven coins such as the Swiss franc and stablecoins have received increased attention as a result of the recent global pandemic, according to the CEO of Swiss Crypto Tokens (a subsidiary of the Bitcoin Suisse Group), Armin Schmid:
„In the midst of this phase of global financial turmoil and uncertainty, institutional and retail investors are increasingly attracted to safe haven currencies such as the Swiss franc. I am pleased that ONTO purse users can now access CryptoFranc and use it anywhere XCHF is accepted.“
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Switzerland has always been a safe haven for financial and crypto-currency companies. In 2018, the former Swiss president even announced his goal of making Switzerland a „Kryptonation“.