Want to cash out Ethereum or other cryptocurrencies from an exchange instantly without paying ridiculous fees? ORCA can help you. The passage linking cryptocurrencies together regular finance is being laid. Yesterday ORCA Alliance has presented their technological case 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.
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 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…