In a significant development, Orbital, a leading financial technology company, has recently been granted permissions to operate as a Distributed Ledger Technology (DLT) provider and an Electronic Money Institution (EMI) by the Gibraltar Financial Services Commission (FSC).
This milestone achievement puts Orbital in an advantageous position to facilitate secure and compliant transactions in the digital realm, solidifying its position as a premier player in the fintech industry.
DLT Provider License
A DLT provider is a key component of any fintech platform that utilizes blockchain technologies. By earning this license, Orbital will be able to offer its innovative DLT solutions to clients, enabling them to streamline their processes, enhance security, and reduce costs associated with traditional financial systems.
This license is a testament to Orbital’s expertise and commitment to leveraging cutting-edge technologies to revolutionize financial transactions. As a licensed DLT provider, Orbital will unleash new possibilities in areas like digital asset management, smart contracts, and secure data storage.
EMI License
As an Electronic Money Institution, Orbital can now issue electronic money and offer payment services to its users. This license paves the way for Orbital to deliver efficient, real-time international payments, money transfers, and seamless cross-border transactions.
By combining its DLT capabilities with EMI services, Orbital is poised to deliver a comprehensive and secure financial ecosystem to its customers, removing friction from payment processes while ensuring regulatory compliance.
Benefits for Individuals and Businesses
Obtaining both licenses from the Gibraltar FSC is a significant advancement for Orbital, benefiting both individual consumers and businesses alike.
For individuals, Orbital’s DLT solutions will enable more transparent financial operations. They will enjoy enhanced security in managing their digital assets and conducting transactions, leading to increased confidence in the digital economy.
Businesses, on the other hand, can embrace Orbital’s services to optimize their financial operations. By leveraging the power of DLT and EMI, they can unlock new growth opportunities and improve efficiency by reducing costs, streamlining processes, and providing secure digital payments.
The Future of Finance
With the DLT and EMI licenses granted by the Gibraltar FSC, Orbital has positioned itself as a frontrunner in shaping the future of finance. The fintech industry is witnessing a remarkable shift towards decentralized digital solutions, and Orbital is at the forefront of this transformation.
By providing cutting-edge technology solutions while adhering to regulatory standards, Orbital is set to empower businesses and individuals alike, fostering a more secure, efficient, and inclusive financial ecosystem.