Yesterday ORCA Alliance has presented their technological case to cash out Ethereum or other cryptocurrencies from an exchange instantly without paying ridiculous fees for the community during a live event streamed online. Mere 6 seconds. That’s how long it took ORCA to complete a transfer from a cryptocurrency exchange straight to user’s bank.
L. Bourquin said,
The whole banking sector is being disrupted <…>. A couple of years ago it had been inconceivable to think that a start-up can enter the closed market of retail and investment banking and take over a part of its market share.
According to him, new IT-based market players are challenging banks and providing cheaper, more efficient services. To intensify the changes further, Open Banking is already making it’s way to Europe while other countries are watching closely to jump onboard. Most importantly, cryptocurrencies are capturing people’s attention and have become the most recent trend widely discussed in the world of finance, especially due to the fact it is including and making regular people interested in finance
Natan Avidan, CEO of ORCA Alliance, commented:
At the core, ORCA is a consumer application, and we are well aware that mass adoption can be reached only through practical use cases and convenience benefits. Instant crypto withdrawals are just a stepping stone towards our goal albeit an essential one.
ORCA started making waves in the crypto community. Fintech start-up recently announced a partnership with an e-money institution MisterTango which is operating under the supervision of European authorities. Soon enough they presented the technological solution for momentous crypto withdrawals and plans to release introductory version of the platform before the end of June. The timing of ORCA to create a consumer-oriented application for personal banking including cryptocurrencies is impeccable.
More information about ORCA: https://orcaalliance.eu
Also read: https://cryptotrends.in/digibyte-review/
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