PRESS RELEASE. Blockbank is proud to announce that the existing partnership with Orion Money has been expanded with a number of new developments.
Ana Plotnikova, CEO and co-founder of blockbank, stated: “We are extremely excited to partner with Orion.Money. It was imperative for us to collaborate on projects that complement our diverse crypto-finance product portfolio and align be with our values and vision.”
The first step in the integration phase involves Orion.Money’s native cryptocurrency token $ORION, which is now implemented in the centralized side of the blockbank platform, allowing users to buy the token directly with the EURO currency and USDT.
Orion.Money uses the Terra blockchain to achieve high returns on stablecoins and low transaction costs. Orion.Money offers competitive yields of 13.5% for USDT, USDC, DAI, BUSD and 16.5% for UST, with yields set to increase for the foreseeable future.
Compared to other savings solutions on the market — Orion.Money returns are fixed and do not vary with market conditions and have no permanent loss risk, unlike providing liquidity to the decentralized exchanges. Users will receive proceeds in the same stablecoins as deposited with an option to receive them in the $ORION token.
Blockbank platform users have the option to use the above via the Orion.Money dApp integration and the $ORION token as a deposit for their debit cards. Just like a regular debit card, cryptocurrency debit cards allow users to complete daily transactions. The user has to activate the smart swap function with the digital currency of their choice.
Blockbank debit cards offer our customers a number of industry-leading benefits, including cashback incentives, borrowing and lending options, free virtual cards and no monthly/annual fees. To entice new applicants to this card, Blockbank waives the application fee for new applicants in addition to any transaction fees during the first 90 days.
And finally, Orion.Money developers will work side-by-side with blockbank developers in our sandbox development environment. Central to these joint development efforts is the integration of the Orion.Money dApp into the blockbank mobile and web applications. The sandbox is open to any project that wants to extend its offering to the blockbank application in a joint effort with blockbank to ensure the expansion of products and services to the blockbank users.
Vol Pigruth, co-founder of Orion.Money, summed up the benefits of these joint efforts as follows: “We are very happy to partner with blockbank because both our projects share the same goal: financial independence and passive income for our users. Working together, Orion.Money will benefit from more ways to trade $ORION token, access to blockbank debit cards, and other useful features.
If you want a deeper dive into the Orion.Money dApp, check out our previous blockbank update.
Blockbank bridges the gap and strives to provide our users with a frictionless integration between traditional financial systems and CeDeFi. In short: we bring the complete banking experience to CeDeFi. We are an easy-to-use, highly-featured, powerful and future-proof tool to meet all your decentralized or centralized financial needs – the all-in-one gateway to cryptocurrency. Our Robo Advisor is the next generation of analytical tools, AI-powered recommendation systems and educational materials to help our users with all things crypto and make informed and informed decisions.
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