Tomochain — ORCA Partnership Announcement
Tomochain and ORCA Alliance shakes hands, begins working together
ORCA Alliance, an Open Banking platform for technology-led personal finance pivots and relocates development plans to Tomochain. ORCA Alliance is a community-based initiative which promotes the large-scale adoption of cryptocurrencies through the ORCA Platform.
ORCA Alliance is developing an Open Banking platform — a complete ecosystem of digital financial services interacting with each other using API terminals.This consists of several different components — Their open banking platform allows for the merging of crypto wallets with regular banking account, and have recently showcased an instant crypto-to-fiat withdrawal solution. The ORCA app center aims to be the ‘Google Play’ of the crypto world, allowing different dapps to be showcased and monetized. Quest, consists of a gamified community of crypto developers and consumers, with a focus on developing new apps, fostering blockchain innovation, solving problems, shaping or funding future services and contributing to the ORCA community.
The ORCA platform is the first of its kind to globally integrate both banking and cryptocurrency accounts, as well as spearhead the growth of the crypto economy. Due to favorable regulatory developments in Europe, ORCAs application will allow implementing bank accounts, software wallets, cryptocurrency exchanges and other financial services into a unifying biosphere for the ultimate convenience.
Tomochain’s infrastructure has few-second transaction confirmation times with minimal fees allowing ORCA to benefit from its high throughput system. A key function of ORCA’s token is to act as a vehicle that authenticates transactions between different service terminals through APIs allowing information exchange.
The circumstances are optimal for the tool ORCA is building. Tomochain’s infrastructure is fully compatible with Ethereum blockchain meaning that all applications developed for Ethereum work perfectly with Tomochain through cross-chain smart contracts. It, therefore, provides access to both ecosystems. The users will be able to enjoy the efficiencies of fast and reliable performance manifested through sending and receiving financial information through the network’s internal gateways.
“Tomochain just offers a protocol superior in ways which suit our project precisely. Operations inside our platform will be executed in ORCA tokens. Using Tomochain’s virtually feeless infrastructure we will be able to avoid the problem of paying a fee for a fee. It’s a natural synergy and we’re very excited about this deal.” — noted Natan Avidan, co-founder, and CEO of ORCA Alliance.
ORCA Alliance has attracted investments from various funds such as Amplifi Capital, AlphaChain and Connect Capital in their private sale rounds.
The public sale is slated to begin on 6th of August, 9:00 GMT. To celebrate the partnership ORCA is going to be accepting TOMO tokens during their token sale offering an extra 5% bonus as an incentive for contributions made in TOMO.
To further solidify the partnership between both projects, Long Vuong, CEO of Tomochain, will join ORCA Alliance for an advisory role.
Long Vuong shared: “I think ORCA Alliance is one of the best crypto project out of Europe in recent months. The beta product is really promising, and users can easily transfer money from crypto to bank account/ debit to fund purchases in just seconds. Integration with Tomochain will make the conversion speed even faster and an overall experience seamless. I am very excited to work with Natan, CEO of Orca Alliance, and his talented team, to open a new area of personal finance to millions of users worldwide”.
Long’s addition to the ORCA advisory team allows Tomochain to better assist them in various aspects of platform deployment. At the same time, we are thrilled at the prospects which ORCA Alliance brings and look forward to playing a part in shaping the future of the financial landscape.
