Blockchain Startup Ontology Collaborates With Crypto Platform Bitcoin Suisse

Blockchain, News | June 17, 2020 By:

Blockchain startup Ontology has announced that it is joining forces with crypto financial services firm Bitcoin Suisse.

Ontology is a high-performance public blockchain and distributed collaboration platform. Powered by the Ontology Token (ONT), the platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data. Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.

Founded in 2013, Bitcoin Suisse offers prime brokerage, storage, lending, payments and other crypto-financial services. It has helped to shape the crypto-and blockchain-ecosystem in Switzerland and has been a driving force in the development of the Crypto Valley and Crypto Nation Switzerland.

The collaboration will see Ontology’s ONTO wallet support the CryptoFranc (XCHF) stablecoin, meaning wallet users will now be able to send and receive their XCHF holdings through the ONTO wallet application, while managing their digital identity. The collaboration also means that the ONT token is now available through the Bitcoin Suisse online platform, which offers clients of Bitcoin Suisse 24/7 trading across a range of the crypto industry’s top exchanges worldwide. 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.

Andy Ji, Co-founder of Ontology, said that the timing of the collaboration is significant, given their imminent plans to establish an office in Berlin and to expand their European footprint more broadly.

“The importance of safe haven currencies has never been more pronounced, and we are very excited to extend the reach of the CryptoFranc stablecoin (XCHF) to our diverse community of users. This collaboration re-affirms our commitment to broadening the scope of our ONTO wallet capabilities, while also sustaining our platform’s organic European growth,” said Ji.