Global Blockchain Project FERMAT Announces Partnership with Bitcoin Suisse AG

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. […]

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”.

For more information on Fermat and the Internet of People, visit: http://www.fermat.org.

Read this next

Retail FX

Finalto sweetens offering for African traders with localized FX pairs

Finalto, the financial trading division of Gopher Investments, announced today that it has extended its offering with inclusion of a number of African Pairs to its trading platforms.

Digital Assets

BitMEX secures OAM registration to operate in Italy

Crypto exchange BitMEX has won regulatory approval from Italy’s financial regulators, allowing the exchange to continue serving Italian customers.

Institutional FX

FlexTrade integrates Glimpse’s post-trade bond execution data

“Looking further ahead, this integration also presents multiple opportunities for how fixed-income traders could leverage the trading data. For example, traders could tap Glimpse data as an input to AI-driven automation workflow strategies in the future.”

Industry News

FINRA fines UBS $2.5m for Reg SHO violations and supervisory failures

FINRA has fined UBS $2.5 million for Reg SHO violations and supervisory failures spanning a period of nine years.

Digital Assets

Bitfinex Pay launches feature that minimizes volatility risk

The currency conversion will take place every five minutes on any amount above $10.

Digital Assets

Mastercard launches Crypto Secure for risk assessment in digital asset space

“Crypto Secure will provide card issuers with a platform that allows them access to insights which will improve the safety of crypto purchases, increasing consumer confidence and creating the same trust they expect when paying with Mastercard.”

Retail FX

VT Markets wins 4 more awards including Best Forex Mobile App Global 2022

“Over the past few months, we have noticed a huge spike in downloads and daily active users on the VT Markets App. Our clients can trade multiple asset classes with ultra-low spreads, and access timely market news on our mobile app.”

Institutional FX

Blue Ocean ATS enhances price discovery and liquidity for after hours US stock trading

Liquidity and price discovery, missing from previous overnight trading solutions, are now possible utilizing the TNS network and managed service platform. Security of the private network and its access to all public clouds, uniformity of compliance and regulatory oversight, redundancy and recovery capabilities, plus the localized customer service around the world made TNS the best candidate for this major step in Blue Ocean Technologies’ growth.

Executive Moves, Retail FX

Equiti Group wins CySEC license to expand into Europe

“Regulation and good governance have always been and will continue to be a key part of Equiti’s business model.”

<