OrbitX Launches QR-Based Stablecoin Payments in Emerging Markets
- OrbitX introduces a QR payment feature allowing users to spend stablecoins directly at street vendors and retail outlets in Vietnam and the Philippines.
- The platform supports multi-currency virtual accounts, including USD, EUR, GBP, AED, NGN, BRL, and MXN.
- Customers can access Visa payment cards accepted by over 15 million merchants globally.
- OrbitX enables real-time international payouts to more than 80 countries.
- Companies can save up to $9,000 annually on foreign exchange markups for dollar-denominated expenses.
OrbitX’s new feature addresses the challenge of spending digital dollar balances in everyday transactions within emerging markets by enabling direct stablecoin payments without needing a local bank account. This development is crucial for individuals and businesses facing high foreign exchange fees when operating internationally.
With the QR-based payment system now active in Vietnam and the Philippines, OrbitX aims to expand its reach further across global markets soon, providing a seamless financial experience through self-custodial stablecoin infrastructure. (Source)
