Fermat, the highly anticipated decentralized and blockchain-enabled open source project developing the Internet of People, today announced a partnership with…
Fermat, the highly anticipated decentralized and blockchain-enabled open source project developing the Internet of People, today announced a partnership with Bitcoin Suisse AG, a Swiss financial service provider, broker and wealth manager, specializing in crypto-financial assets. This partnership will enable Fermat stakeholders to purchase IoP tokens with any fiat currency for the very first time.
Launched in April 2016, Fermat is building an infrastructure with an open social graph, direct access channel to people and direct device to device communication. Fermat’s graphchain technology enables both a global mapping of everybody with verified proof of how they are related, and also people to people and company to people interactions without going through intermediaries. Referred to as the Internet of People, an ambitious vision from Founder Luis Molina, this new technological paradigm removes all unnecessary intermediaries resulting in cheaper transactions.
The Internet of People has an integrated cryptocurrency called IoP. IoP tokens are currently traded on Bittrex. However, this partnership will enable Fermat stakeholders to use any fiat currency to buy or invest in IoP tokens for the very first time. Bitcoin Suisse’s platform will also be used by Fermat to store stakeholder’s IoP tokens and source IoP tokens from other customers on the market.
Founded in August 2013, Bitcoin Suisse AG provides financial services and solutions for decentralized technology platforms outside of the traditional financial system. The company specializes in large-scale brokerage – both via bank and cash transactions while also offering customer-friendly trading desks for high-net worth individuals and institutions in the field of crypto-currencies and crypto-assets.
“I am delighted to be announcing Fermat’s partnership with Bitcoin Suisse, a most-valued organization within the community who understands the potential of the crypto-space and the solutions it offers,” said Fermat Founder Luis Molina.
“As an important player in over the counter trading of cryptocurrencies, Bitcoin Suisse is a very important financial partner for Fermat. Looking into the future, we hope this partnership will result in IoPs being traded over the counter, starting at Bitcoin Suisse,” added Molina.
“We specialize in trading crypto-assets and we are assisting a great many of the companies, organizations and platforms which issue crypto-tokens, as market maker, exchange service and supporing their respective ICO’s” said Nikolas Niklajsen, CEO of Bitcoin Suisse AG. “We hope to see Fermat and the Internet of People realize their vision, and will assure that investors and stakeholders have a reliable partner in regards to trading their IoP tokens”.