Swiss Crypto Tokens and Bidali bring new utility to CryptoFranc (XCHF)
Swiss Crypto Tokens and Bidali bring new utility to CryptoFranc (XCHF)
As of Thursday April 2nd Bidali will be one of the first places holders of XCHF will be able to spend their stablecoins on goods and services from major brands in 140 countries.
This means that holders of CryptoFrancs will have the ability to easily redeem these digital assets for gift cards from hundreds of brands in the US, UK, and Canada including Amazon.com, Tesco, Starbucks, Walmart, Uber and more.
In addition, users will be able to purchase phone minutes and data from over 400 mobile phone carriers in 140 countries, pay bills, and buy goods and services from all the businesses that Bidali supports on its payments platform through its e-commerce store (spend.bidali.com) and various crypto-wallet integrations.
Unlocking value crypto assets has never been easier. Here is an example of how Bidali streamlines purchasing from companies with crypto assets.
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Buying with Bidali
“We are really excited about this cooperative effort. We are looking at the next level of utility and adoption in the crypto space, and are happy to see that companies like Bidali are taking the initiative to enable real world usage of XCHF.”, said Armin Schmid, CEO of Swiss Crypto Tokens AG.
“We are really excited to add another stablecoin to our platform. The CryptoFranc is our first stablecoin from Europe, further expanding the global interoperability that these new forms of money can enable. We believe that having the ability to easily spend stable coins on real goods and services is critical to adoption and we are really excited to make this a reality for anyone with XCHF.”, says Bidali CEO Eric Kryski.
XCHF tokens are listed on multiple exchanges including Bitfinex, IDEX, UniSwap and ChangeNOW.
About Swiss Crypto Tokens AG and CryptoFranc (XCHF)
Founded in July 2018, Swiss Crypto Tokens AG is a Bitcoin Suisse Group Company with the mission of providing comprehensive services for the issuing of crypto assets, including the issuance of proprietary tokens. In November 2018, the first token, the stablecoin CryptoFranc (XCHF) was launched. All tokens are fully backed by physical CHF banknotes with accounts audited monthly by Grant Thornton Ltd to ensure token price stability. The company is registered in the Canton of Zug, Switzerland’s Crypto Valley.
About Bidali
Bidali is a payments company providing infrastructure that bridges the gap between traditional finance and the next generation of money. Headquartered in Calgary, Canada, their proprietary blockchain payments technology streamlines global commerce and enables anyone with an internet connection to spend cryptocurrency and businesses to receive it, all over the world.
XCHF Token are now both live and redeemable at Bidali’s e-commerce store and various crypto wallets.
