Tallinn, Estonia – February 12, 2019 – Arc Pay UO, the European subsidiary of Canadian-based Arc Pay Corporation, today announced it was granted European financial services licenses issued in Estonia: License № FRK000540 Financial Services – Provision of Virtual Currency Wallet Services, and License № FVR000630 Financial Services – Provision of Exchange Services for Virtual Currency against Fiat Currency. Arc Pay’s new and innovative ‘banking as an app’ platform is poised to disrupt traditional banking and brokerage services globally.
Arc Pay (‘arc’) will release its Secure Wallet™ in Q1 of this year, a fully functioning crypto wallet allowing to send, receive, and convert BTC, ETH, LTC, DASH, ZEC, the ability to transfer crypto to internal and external wallets, a marketplace to access top performing trading strategies, a newsfeed, and QR code functionality. Arc’s Secure Wallet™ will be available for download on both Android and IOS devices and will be the prelude to the release of arc’s full Banking as an App Platform™ to be released later in the year.
The financial sector has acknowledged open-API-banking as the future of the banking industry.
“With the PSD2 directive now mandated in Europe, the adoption of open API’s is required, and this will create a new world of opportunities for incumbents in this enormous market,” says George Moros, formerly Regional IT Director at WSP and now Director at Arc.
Arc’s full banking application is at the forefront of this industry disruption and paradigm shift offering its clients the unprecedented ability to hold their money in real assets, securities, and even crypto assets while still providing them with immediate debit liquidity via Visa, MasterCard or SEPA. Arc will offer a more accessible means to invest in both conventional ETFs and other assets. With the assistance of its Algorithmic Smart Advisor™ clients receive personalized investment portfolios which are maintained by an automated robo-trader.
Arc is led by seasoned structured finance professional, Steven Polyak who has almost 20 years of experience in the field, the last seven of which was Managing Director at one of the largest pension fund groups in Eastern Europe, and has been responsible for some of the first ABS transactions in that region.
To learn more about Arc Pay or to book an interview, please contact [email protected]
Media ContactCompany Name: Arc PayContact Person: Mika RasulovEmail: Send EmailPhone: 404.477.4995Country: United StatesWebsite: Arcpay.io
