Bitcoin Suisse AG Use Case: International Settlements with Crypto- Currencies
Bitcoin in Switzerland Switzerland has long been known as a geopolitically extremely stable and independent country, with a friendly and predictable jurisdiction for financial business. It thus has the potential to long term offer the perfect jurisdiction for European digital finance, specifically in regards to crypto-currencies, non-banking assets and alternative currencies. While the regulatory framework is still under development, indications are that Switzerland will soon eclipse all other European jurisdictions in regards to providing a friendly setting for Bitcoin and Blockchain based businesses.
About Bitcoin Suisse AG Date of founding: August 2013 Domicile: 6340 Baar, Lättichstrasse 1 Switzerland's oldest and leading cryptofinancial service provider Employees: 8, External Developers: 3 Annual turnover 2015: 12.5 Mio CHF Planed turnover 2016: 80 Mio CHF Business: Financial Services / crypto currencies and non banking assets Regulated ATM Network in Switzerland Regulated by: VQF
Fields of business Switzerlandwide ATM Network Digital Asset Management, Trading and Brokerage bitcoin mining smart property ethereum blockchain technology merchang solutions smart contracts altcoins open transactions crypto-gold payment systems open bazar ripple colored coins multisig wallets trezor Training and Seminars Bitcoin Certificates Consulting, Services and BTC Project Management Cold Storage Crypto Currency Mining Bitcoin Payment Solutions
Use Case Nigeria: Current restrictions Example: New foreign exchange controls in Nigeria Import ban of basic goods and services (rice, cement, etc.) Ban on the use of Nigerian bank cards for payments / withdrawals overseas Ban of foreign exchange transactions for payments to study abroad Forced to use unofficial channels, - at usually much higher exchange rates (if no foreign currency accounts abroad)
Bitcoin Suisse AG Use Case «Nigeria» Not only restrictions for students to finance studying abroad but also restriction for retailers to transfer funds abroad! This applies to world-renown luxury good manufacturer and retailer. Solution: Local Bank Transfer BTC Trade Local Bank Transfer Retailer Nigerian Bank Retailer CHF Account/ Supplier payment
Bitcoin Suisse AG Use Case «Nigeria» Solution: Automatic quoting gateway Direct locking of quotes API or UI Buy / Sell Various currencies No need for endless emailing or use of multiple platforms and interfaces
Bitcoin Suisse AG Use Case «Banks and Funds» Bitcoin Suisse AG to be acting as clearing and settlement house for crypto assets, for other financial institutions, funds and banks. From the perspective of our clients, safe handling of an otherwise dangerous asset, in Regards to both crypto-theft and AML. Yes, foreign currency accounts in BTC are coming!
Crypto Payment Gateway City of Zug Since the 1st of July 2016 the city of Zug is accepting Bitcoins as the worlds first state institution. Citizens of Zug can now officially pay public services with Bitcoin. What about the volatility risk of Bitcoin? Is the city of Zug now speculating with Bitcoin? Who bears the risk if the currency collapses? Dolfi Müller, Bürgermeister von Zug und Niklas Nikolajsen, CEO Bitcoin Suisse AG
Crypto Payment Gateway City of Zug Providing a crypto payment gateway Allows retailers to accept Bitcoins without having the risk of the potential volatility of Bitcoin Instant exchange into preferred fiat currency No holdings of cryptocurrency needed, but possible Infinite amount of possible use cases for international trade settlement Future oriented approach beyond current banking solutions Fast, secure, cheap Taxes (case: Q2-Q3 2016: 1/4M CHF)
Contact If you have any further questions, please do not hesitate to contact us! Homepage: Facebook: E-Mail: bitcoinsuisse.ch facebook.com/bitcoinsuisse info@bitcoinsuisse.ch Telefon: +41 (0) 41 544 1251