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Dozens of blockchain startups have got off the ground in Switzerland using cryptoassets as their startup capital, circumnavigating banks. But the strategy is not without risk.
swissinfo.ch has traced 60 firms that have stumped up the new brand of digital money to either set up or inject fresh capital into their enterprise. It is a particularly attractive option for companies that raised high volumes of cryptocurrencies through initial coin offering (ICO) fundraising rounds.
For some firms, using cryptoassets rather than francs to cover the founding capital requirement is the perfect antidote to banks refusing to open business accounts. SwissCrypOne is a Zug-based.... for more click here