Bitcoin Suisse AG partnership important step for Fermat

The decentralized and blockchain-enabled open source project behind the Internet of People (IoP) reached an important milestone this week.

Fermat has partnered with Swiss financial service provider Bitcoin Suisse AG to allow Fermat stakeholders to buy IoP tokens with any fiat currency for the first time.

Since debuting in April 2016 Fermat founder Luis Molina and his team have continued to build the Internet of People, an infrastructure with an open social graph, direct access to people and direct device-to-device communication. Its graphchain technology facilitates both global mapping of everybody with verified proof of how they are related, and people-to-people and company-to-people interactions without going through intermediaries.

The Internet of People’s integrated currency is called IoP and the tokens are traded on Bittrex, but the partnership with Bitcoin Suisse AG will allow Fermat stakeholders to now use any fiat currency to buy or invest in IoP tokens. Fermat will also use the Bitcoin Suisse platform to store stakeholder’s IoP tokens and source IoP tokens from other customers.

IoP tokens

Bitcoin Suisse was founded in August 2013 to provide financial services and solutions for decentralized technology platforms outside of the traditional financial system. It specializes in large-scale brokerage from bank and cash transactions while offering customer-centric trading desks for high net worth people and institutions in cryptocurrencies 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,” Mr. Molina said. “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.”

Luis 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 supporting their respective ICO’s” Bitcoin Suisse AG CEO Nikolas Niklajsen said. “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”.