The collaboration is based on mutual support of services, so that Ontology’s ONTO wallet now supports stablecoin CryptoFranc (XCHF), which you can send and receive via the application.
On the other hand, there is an ONT token available on the Bitcoin Suisse online platform with which clients can trade.
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.
In this way, both companies want to strengthen the European and Asian ecosystems and expand various cross-sectoral cooperation.
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.