ORCA solution to bridge cryptocurrencies with traditional banking services is to be delivered by summer of 2019. ORCA platform will allow users to manage their personal finance — both fiat and crypto — in a single application. Also, ORCA will give access to cryptocurrency exchanges as well as initiate instant crypto-to-fiat conversions. Early retirement, here we come.
2020: Roadmap
ORCA solution to bridge cryptocurrencies with traditional banking services is to be delivered by summer of 2019. ORCA platform will allow users to manage their personal finance — both fiat and crypto — in a single application. Also, ORCA will give access to cryptocurrency exchanges as well as initiate instant crypto-to-fiat conversions. Early retirement, here we come.
ORCA is finally solving a long-standing problem that is annoying many in the crypto community — the lack of reliable ways to move diverse crypto assets and swap them back and forth to government-backed currencies such as Euros or US Dollars.
To provide a clearer schedule for our contributors, ORCA has updated and finalized the platform development and release roadmap.
Find the updated roadmap here.
Here we overview the main development stages with brief description below. And by the way — we named all versions of the platform after actual species of orcas, obviously.
We know crypto people are busy individuals, have to constantly monitor projects, prices and media headlines in order to stay up to date. For this reason we include a brief summary of the updated roadmap in the beginning so the most impatient of you do not have to read the full text.
- # Pygmy (Pre-Alpha) | 2018 06 — portfolio tracker tool. All your crypto assets, exchange accounts and portfolio value in one screen. Compare service providers, fees and prices to choose the optimal strategy.
- # Moby Doll (Pre-beta) | 2018 11 — improve performance with the help of ORCA Smart AI functionality: compile investment and spending profiles, get tailored suggestions to optimize your activity. Full integration of instant crypto-to-fiat conversions.
- # Albino (Beta) | 2019 02 — opening of ORCA App Center. Find P2P lending, insurance products, distributed storage, computing and other third-party blockchain services inside.
- # Killer whale | 2019 05 — incorporation of bank accounts and services onto the platform. Control all your finance accounts both crypto and traditional ones without ever leaving ORCA. Use, enjoy and prosper.
Find more detailed descriptions of ORCA platform development stages in the text below.
Pygmy will start coming of the shelves to deal with your portfolio tracking headaches, always in real time. Once screen, all your coins, their value and price change over time. Simple, but essential. Can’t go far without it. Data aggregator will ping associated accounts on your behalf to recover information.
Market analysis feature brings in contrast the fees and conversion rates from numerous exchanges in order to help you select the most effective one. Why overpay if you can simply use another provider? Several crypto exchanges are already connected and more being added on a daily basis.
Morevoer, market analysis tool is the base layer for ORCA Smart AI integration. We know there are more than capable traders making millions in crypto but we want to give everyone a shot at financial independence.
Now the best part of Pygmy. Once we can hoover in price data from crypto exchanges, a new opportunity springs up. We are constructing an algorithmic arbitrage strategy to benefit from price anomalies across crypto exchanges. Don’t say you haven’t thought about it yet? We have. Our developer team is already in contact with financial analysts. The aim is to develop a sophisticated automated solution so we can earn as we sleep.
BlackFish arrives in September and alongside the first mobile version of ORCA. Can’t advance much in this day and age without mobile.
BlackFish is all about the ability to set and execute actions for connected accounts. Just plug your exchange or wallet accounts and manage everything in one place without ever leaving the platform. Keep track of your coin value with Pygmy and start setting orders, executing trades and moving funds with BlackFish. Once APIs are hooked, forget logging to 15 profiles — use ORCA to reign over your crypto.
What is more, BlackFish will encompass introductory characteristics of portfolio analysis and financial modeling. Select asset management tools and make your first steps towards success. Get insights from cross-correlations or evaluate your exposure using maximum drawdown. Don’t make random decisions, monitor tool effectiveness and find out what suits your style best. We will make sure to display information using dynamic graphs and charts and make things clear as crystal. Simple but customizeable — that’s what people want. And that’s what we’re going to produce.
To ensure the platform is resistant to external breaches and bug-free, we will conduct a security and bug bounty campaign to reward spotting mistakes and shortcomings in our code. We value the importance of a second opinion and a fresh set of eyes.
Not a separate version of the platform, but a colossal milestone for the project. Thanks to our recently announced partnership with MisterTango, we are taking it to another level and developing an engine to generate, issue and distribute ORCA payment cards to our users. ORCA card will be pegged to a Euro-based SEPA account. In time we plan to add instant crypto-to-fiat withdrawals for user benefit. Neat, right? We’re all mammals, with ORCA you’re also a predator.
Crypto to Euro? Fast? No problem. Planned for the end of 2018 Moby Doll version of ORCA introduces Artificial Intelligence (AI) capabilities and much-anticipated fiat-to-crypto transfers.
It is an unusual name of orca species but an existing one. The blockbuster with Moby Doll is the release of ORCA Smart AI. A system of machine-learning algorithms will analyse user’s historical transactions and trades to engineer a personalized investment profile. Our data mining experts are already on it. Based on compiled profile, Smart AI will propose suggestions tailored accordingly to your investment habits and goals.
Similar engineering mechanisms will be used to draw user spending profiles. Through this process our smart assistant will offer passive, active or swing investment strategies for traders, cost saving options for avid spenders and short-term lending options for hodlers.
So to sum up in order to be clear. First we provide a tool to monitor your funds, then BlackFish allows effortless exchange and wallet management followed by the initiation of financial modeling tool and then we add AI assitance so you can optimize your returns. Empowerment with every step.
Similar engineering mechanisms will be used to draw user spending profiles. Through this process our smart assistant will offer passive, active or swing investment strategies for traders, cost saving options for avid spenders and short-term lending options for hodlers.
So to sum up in order to be clear. First we provide a tool to monitor your funds, then BlackFish allows effortless exchange and wallet management followed by the initiation of financial modeling tool and then we add AI assitance so you can optimize your returns. Empowerment with every step.
Wait, there’s more. By that time we expect to have the instant conversion feature fully functioning. Meaning ORCA customers will enjoy split-second conversions from their crypto holdings to their fiat accounts 24/7. You press the button and we make it happen.
AISP and PISP license acquisition comes by the end of 2018. These are needed to start integrating European banks into the platform. ORCA will become an authorized service aggregator and provider entity to partake in the newly enforced European payment directive (PSD2). At this point ORCA will start truly bridging crypto with everyday banking. Not only crypto, but other financial and payment services will appear on your dashboard. Slowly but surely, you’ll have the chance to import your bank accounts right next to digital wallets. Find more about AISP/PISP in this report by Deloitte.
In the Albino version, third-party apps gathered inside ORCA to provide users decentralized financial products through our dashboard.
Albino opens ORCA App Center, dApp services marketplace for blockchain-based services. All made possible through the almighty APIs. Registered members will be able to use, connect and develop external apps. It will open access to a multitude of financial services, namely P2P lending, bot trading, escrow services, insurance products, distributed computing, distributed storage and others. We don’t want to limit your use of blockchain and crypto, we are here to broaden the horizon and help grow crypto.
ORCA will take care of all internal token conversion operations employing lightning tokenswap protocol. Simply put, you won’t have to worry how to exchange tokens to use the third-party services, the platform is going to handle it in the background. For you it’s going to be a seamless experience. You won’t even notice it taking place. Genius lies in simplicity.
Solidity developers and blockchain application masterminds will have the option to integrate their programs into the app center, suggest it to ORCA clients and earn income through inner marketplace. Are you a developer? Shoot us a message, let’s get in touch now.
Game-changing moment: Somewhere around the summer of 2019 as stated in the schedule of EU, the European Commission will issue the final call for banks and service providers to comply with PSD2’s Regulatory Technical Standards and start providing API access on behalf of their clients to third-party providers or they will be penalized. Transition period will end and open the ability to associate ORCA platform to all banks operating in EU.
Killer name for the killer whale. Last version of the platfrom to be published right before the next summer. Devs said they can do it and we will sure they back up their claims.
With the latest version and PSD2 coming into full effect, ORCA platform will offer users the ability to connect bank accounts into ORCA dashboard to have the complete toolkit for personal banking. The world of cryptocurrencies incorporated with traditional finance. A brave new world will open up. The whole ten yards of finance confined in one dashboard. Sounds good, doesn’t it?
Being an active user, you will have the chance to exploit confusion invoking strategies such as automated portfolio management and auto-rebalancing, algorithmic trading and social sentiment-led strategies — all with the support from our Smart AI. Once you start using it and earning income, it will get much more simple and engrossing. We will have to put everything in a user-friendly interface and get out of the way.
Think that’s it? Think again. We will offer you the chance to monetize your personal data, should you want it. And do it the right way, in full compliance with GDPR. We believe that sidechain development is the best vehicle for that purpose. Using ORCA sidechain every user will have full control of their personal data and the option to monetize it with a full understanding of what information is being accessed and by whom.
By bridging crypto with fiat, integrating bank accounts and offering the chance to monetize personal data — we’re putting the user in control.
We are still operating in the private presale phase at the moment. Should you wish to find out more, get additional information or get your questions answered — join our Telegram group or contact one of our investor relation of head Vachtangas.
ORCA whitelist is currently open, we strongly urge people to enlist now, finish the KYC procedure so you can peacefully wait for the start of the ICO. Visit www.orcaalliance.eu and don’t waste a minute.