ORCA Joins SEPA Bank Collaboration With MisterTango
ORCA, an EU based open bank platform has just signed a partnership with Lithuanian e-money entity called MisterTango. ORCA, a platform bridging traditional banking and cryptocurrency services, will now have the ability to develop solutions for SEPA payment account creation using technology utilized by MisterTango.
The ORCA Platform is the principal tool that the ORCA Alliance utilizes in pursuing its mission. The platform provides the technology needed for capturing the synergy that arises from cryptocurrency service aggregation, community engagement, and mainstream adoption. The Platform fosters the creation of a dynamic financial services ecosystem through its ancillary components – the ORCA App Center, a one-stop shop for crypto service development, and Quest, a gamified community that fosters blockchain technology innovation.
MisterTango is one of the fastest growing payment processor enterprises in the region and has grown more than 20 times in revenue and scope over the last year. The newly formed partnership will enable ORCA to set up SEPA accounts and initiate payments on behalf of platform users for a seamless fiat and crypto experience inside the same digital application. MisterTango’s vast network of payment options and operational convenience will go a long way to help ensure ORCA platform’s quality of service.
ORCA’s CEO Natan Avidan commented,
“Having industry’s rising star such as MisterTango as our partner is a big deal for us. The ability to open SEPA accounts also greenlights our plans to issue ORCA card, a service our community is eagerly looking for. Our team will start working on it ASAP.”
They are working to include cryptocurrency accounts and exchanges into its Open Banking platform to finally solve the puzzle of efficient financial management, for both cryptographic coins and traditional currencies. Using ORCA app, users will be able to make instant transfer between their wallets and exchanges. Moreover, they will be able to convert crypto assets to traditional currencies with ease instantly.
The ORCA Alliance is a community-based initiative which promotes the large-scale adoption of cryptocurrencies through the ORCA Platform. ORCA, which is short for ‘Open & Regulated Cryptocurrency Adoption', will be the first platform of its kind to globally integrate both banking and cryptocurrency accounts, as well as spearhead the growth of the crypto-economy. ORCA will take advantage of the EU’s revised Directive on Payment Services (PSD2), which empowers account holders with the authority to share data, removing the financial institution's role as gatekeeper.