July 14, 2018 Swiss Longevity Holding AG (SLH) announces it plans to launch SWIS, a stable coin backed by Swiss Franc (CHF). Projected volume will reach $100M by the year end, and it’s going to be issued on Ethereum standard. As crypto currency trading gets more and more active, volatility of major crypto currencies such as BTC and ETH becomes public concern.

Stable coins are much more accepted by institutional investors and personal investors with limited risk appetite. The mission of SWIS is to ensure utmost safety. SWIS is backed 1-for-1 Swiss Franc (CHF), which is traditionally considered as a one of the safe haven currencies in financial industry, especially during worldwide financial crisis.

Swiss political neutrality fundamentally ensures external security and makes Swiss Franc (CHF) immune from international armed conflicts. Switzerland is also one of countries most open and welcome to crypto currencies and ICO. SWIS targets to be the safe haven currency in crypto world.

SWIS is expected to be issued in early August, with already a few exchanges and wallet apps on waiting list to launch. SLH very much focuses on the application of SWIS and hope to promote financial inclusion to the public.

The post SLH issues world’s first CHF backed stable coin SWIS appeared first on ZyCrypto.

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