Press release
PRESS RELEASE.Blockbank is pleased to announce the expansion of its existing partnership with Orion Money to include several new developments.
Ana Plotnikova, blockbank CEO and Co-Founder, stated “We are extremely excited about the partnership with Orion.Money. It has been imperative for us to partner with projects that complement our diverse crypto-finance product portfolio and align with our values and vision.”
The first step in the integration phase involves Orion.Money’s native cryptocurrency token $ORION which is now implemented into the Centralized side of the blockbank platform, providing users the ability to purchase the token directly with the EURO currency as well as USDT.
Orion.Money makes use of the Terra blockchain in order to obtain a high yielding stablecoin and very low transaction fees. Orion.Money has competitive yields at 13.5%, USDC and DAI for USDT, DAI for DAI, BUSD, DAI, DAI, DAI, DAI, DAI, BUSD, UST, and these yields will increase in the future.
Compared to other savings solutions on the market — Orion.Money yields are fixed and do not vary depending on the market conditions and do not have impermanent loss risk, unlike when providing liquidity to the decentralized exchanges. The yields are available in the same stablecoins that were deposited, with the possibility to get it in the $ORION coin.
Users of blockbank’s platform will have the ability to utilize the above via the Orion.Money dApp integration as well as the $ORION token as a deposit for their debit cards. Users can use cryptocurrency debit cards to make day-to-day payments just like any other debit card. To activate smart swap, the user must select the digital currency they wish to use.
Blockbank debit cards provide customers with a variety of advantages, including cash back, lending and borrowing options, as well as free virtual cards and no monthly or yearly fees. In order to entice applicants, blockbank will waive the application fee as well as any transaction fees during the initial 90 days.
Developers from Orion.Money and blockbank developers will collaborate in the sandbox. The integration of Orion.Money dApp in the blockbank web and mobile applications will be a key component to this joint development effort. To ensure that blockbank customers have more products and services, the sandbox can be used by any project in partnership with blockbank.
Vol Pigruth, Co-Founder of Orion.Money, summarized the benefits of these joint efforts as follows: “We’re very happy to partner with blockbank as both our projects work for the same goal – to bring financial independence and passive income for our users. By working together Orion.Money will benefit from more ways to trade $ORION token, access to blockbank debit card and other useful features.”
Our previous blockbank update offers a deeper look into Orion.Money dApp.
Blockbank bridges this gap by aiming to offer our users frictionless integration between CeDeFi and traditional financial systems. In short — we are bringing the full banking experience to CeDeFi. We are a user-friendly, highly functional, empowering, and future-proof tool to fulfill any of your decentralized or centralized financial needs — the all-in-one gateway to cryptocurrency. Robo advisor, an AI-powered, multifunctional advisory tool and educational material, is our next generation. It enables users to navigate crypto and make educated decisions.
Telegram — https://t.me/BlockBankApp
Twitter — www.twitter.com/BlockBankapp
Facebook — https://www.facebook.com/blockbank
LinkedIn — https://www.linkedin.com/company/blockbankapp
Blog — http://blockbank.ai/blog
The app is available for download
Apple: https://apps.apple.com/us/app/blockbank-v2/id1592298073
Android: https://play.google.com/store/apps/details?id=ai.blockbank.bbexpoapp&hl=en_AU&gl=US
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