Join Our Mailing List
Saturday June 10, 2023
Bitcoin (BTC) $26,015.97   Ethereum (ETH) $1,761.33
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Services

ORCA showcases crypto to fiat withdrawal in under 6 seconds

Published by CryptoNinjas.net
06/13/2018
ORCA showcases crypto to fiat withdrawal in under 6 seconds

Instant crypto withdrawals are now a reality. The bridge connecting cryptocurrencies with regular finance is being built brick after brick. Fintech start-up ORCA has presented their technological case for the community during a live event streamed online. ORCA completed a transfer from a cryptocurrency exchange straight to user’s bank account in 6 seconds.

ORCA broadcasted a live demonstration from ISM University of Management and Economics Innovation base in Vilnius. The event has also been streamed on ORCA Youtube channel. Lithuanian financial sector representatives, other startups gathered together to witness how ORCA technical solution works in real time.

The demonstration was opened by Laurent Bourquin, Chief Operating Officer of ORCA and former investment bank analyst who presented the changing landscape of global finance.

“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,” claimed L. Bourquin.

According to him, new fintech startups are challenging banks by providing cheaper and more efficient services, and Open Banking is already making it’s way to Europe while other countries are closely watching how it develops. Moreover, cryptocurrencies are becoming a mass phenomena encompassing attention of individual as well as institutional investors.

Natan Avidan, the co-founder, and CEO of ORCA Alliance gave a broader presentation about ORCA and what problems does it aim to solve. ORCA is a financial management tool oriented for cryptocurrency users which connects various financial accounts through their APIs.

N. Avidan said that mass cryptocurrency adoption would be reached only if the market becomes more user-friendly, facilitating ease of access to technologically uneducated users.

One of the solutions being built by ORCA is the ability to withdraw cryptocurrencies from exchanges directly to user euro accounts instantly. Presentation of the aforementioned technical solution to the public and cryptocurrency community was the reason for ORCA’s event.

The technological case itself was presented by Dmitrij Radin, Chief Technological Officer of ORCA, with the help of a vending machine which helped to verify that funds were received. The transfer took only 6 seconds, ten times shorter than was initially expected.

ORCA’s solution is set to relieve loads of issues tormenting cryptocurrency adopters. ORCA is building an Open Banking platform that will make everyone’s banking experience convenient and simple. Users will be able to connect, track and manage their financial accounts from European banks, e-money institutions, cryptocurrency exchanges, and wallets. ORCA is providing an all-in-one banking solution.

“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,” commented Natan Avidan, CEO of ORCA Alliance.

ORCA is currently whitelisting potential contributors for its upcoming token sale. There will be a one-time issue of all 460,000,000 ORCA tokens, 60% of which will be available for sale.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

ORCA Alliance release crypto portfolio tracker tool PYGMY

07/03/2018
Lithuanian blockchain start-up ORCA paying salaries in crypto

ORCA Alliance announced releasing a tool to track all crypto assets – ORCA PYGMY. The major difference between PYGMY and other tracker tools available now is the auto-update function. PYGMY will be free of charge...

Read more

Crypto platform ORCA secures SEPA bank partnership with MisterTango

06/01/2018
Crypto platform ORCA secures SEPA bank partnership with MisterTango

EU based open bank platform ORCA has announced the signing of a partnership with Lithuanian e-money institution MisterTango, marking its first step into the world of payment processing. From now on ORCA, which is aiming to bridge...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
A Beginner’s Guide To Forex Demo Account

A Beginner’s Guide To Forex Demo Account

06/07/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
What is DeFi Returns?  A new way of DeFi Investing

What is DeFi Returns? A new way of DeFi Investing

06/08/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy