Zug May 6th 2019
CryptoFranc (XCHF) is a stablecoin, issued by Swiss Crypto Tokens AG, a subsidiary of Bitcoin Suisse AG. To introduce you to the token, Armin Schmid, the CEO of Swiss Crypto Tokens AG, answered four main questions that will boost your CryptoFranc knowledge.
What is the CryptoFranc (XCHF)?
The CryptoFranc (XCHF) is a Swiss Franc-backed stablecoin, issued as an ERC-20 token on the Ethereum Blockchain.
All CryptoFrancs are backed by physical Swiss Franc banknotes, that are audited by Grant Thornton on a monthly basis. This ensures the stability of the token itself…