RICHMOND, Mass., March 29, 2018 /PRNewswire/ — Decentralized mobile security solutions provider Rivetz today announced a partnership with the ORCA Platform, which will provide ORCA users with verifiable controls for blockchain transactions. ORCA, which stands for Open & Regulated Cryptocurrency Adoption, is a community-based initiative to promote the large-scale adoption of cryptocurrency. Through this partnership, ORCA will provide a security layer enabled by Rivetz that protects users’ hardware, private keys, messaging, and transactions.
“We are more than happy to have Rivetz to act as the cybersecurity layer protecting our users’ hardware-based devices,” said Natan Avidan, CEO of ORCA. “Through our partnership with Rivetz, we’ll leverage technology that is already built into hundreds of millions of mobile devices to assure the keys and transactions cannot be altered or stolen by malware infecting the operating system.”
“We are pleased to be working with ORCA to offer their users a safer and simpler experience with blockchain transactions and meeting the new guidelines for enhanced financial security,” said Rivetz CEO Steven Sprague. “The integration of the Rivetz solution and the ORCA solutions is a great fit for secure and private transactions.”
ORCA aims to integrate banking accounts with cryptocurrency accounts, spearheading a merge between the global economy and the crypto economy. ORCA is working with the European Union’s revised Directive on Payment Services (PSD2), which significantly lowers the barrier to entry for fintech companies to offer innovative financial services in the EU. ORCA fosters the creation of a dynamic financial services ecosystem through its App Center for crypto service development and Quest, a gamified community fostering blockchain innovations.
Rivetz supports advanced mobile security capabilities designed to achieve compliance with PSD2 and deliver the core technologies of Trusted display so the user can verify the transaction, secure input for user consent to the transaction being executed and isolated protection of the keys and signature protecting the financial instruction. Its RvT cybersecurity token provides verifiable security controls for blockchain transactions and traditional online financial transactions. The RvT token enables multi-factor authentication across devices, to achieve provable security for web based e-commerce transactions as well. The Rivetz solution leverages technology that is already built in to hundreds of millions of mobile devices to assure the keys and transactions cannot be altered or stolen by malware infecting the operating system.