ORCA showcase: instant crypto to fiat withdrawal

On the 11th of June, starting 2:00 PM UTC+3 ORCA Alliance will present its technical solution to transfer cryptocurrency from a well-known crypto exchange to EU based bank account instantly.

ORCA Alliance project seeks to erase the borders between what people understand as daily banking and the world of cryptocurrencies. EU’s new Open Banking and payment directive (PSD2) has been put in legislation to bring about changes in banking. European Commission is empowering Europeans and giving them the right to freely use, compare and switch banking services from any of the European banks not depending on the country in which they reside.

ORCA is solving a long-standing problem that is annoying many in the crypto community — the lack of reliable ways to move various crypto assets and swap them back and forth to government-backed currencies such as euros. It is no secret in the crypto space that crypto-to-fiat exchange is a huge challenge. ORCA goal is to eliminate this significant problem so that users can convert crypto to fiat faster and conveniently. Most crypto exchanges do not have business bank accounts and do not offer crypto-to-fiat conversions, provide crypto-to-crypto exchange services only. Even the exchanges that offer crypto-to-fiat withdrawals charge high transaction fees and consume time, some as long as 72 hours. Besides, not all banks want to do business with other banks that deal with cryptocurrency because they cannot trace where the money came from and guaranteed the legitimacy.

Recently, ORCA signed a partnership with an e-money institution MisterTango making the first step into the world of payment processing. From now on ORCA will have the ability to develop solutions for SEPA payment account creation using technology utilized by MisterTango.

The newly formed partnership with MisterTango is opening ORCA a gateway to initiate instant crypto-to-fiat withdrawals from an exchange directly to user’s euro account. ORCA is finally delivering the solution crypto community is desperately thirsty for. Lack of liquidity inside the cryptocurrency market is one of the most cited reasons stagnating mass adoption.

To back up their claims, ORCA invites you to a live demonstration on the 11th of June to showcase their functioning model. People from all over the crypto community is invited to join the live stream and witness the demonstration.

Speakers:

Natan Avidan, ORCA Alliance founder & CEO

Dmitrij Radin, ORCA Alliance founder & CTO

Agenda:

2:00 PM Opening speech, Natan Avidan

2:10 PM Live demonstration of instant cryptocurrency transfer

2:20 PM Audit report

2:30 PM Q&A session



