XDC Network Expands Stablecoin Utility Through OrbitX Pay Merchant Integration

GlobeNewswire Inc.GlobeNewswire Inc.
|||1 min read
Key Takeaway

XDC Network partners with OrbitX Pay to enable USDC spending at 150M+ Visa merchants globally, allowing direct stablecoin transactions without currency conversion.

XDC Network Expands Stablecoin Utility Through OrbitX Pay Merchant Integration

XDC Network has partnered with OrbitX Pay to enable USDC stablecoin transactions at over 150 million Visa-accepting merchants globally. The integration allows users to spend digital assets directly through the OrbitX Pay application at both online and physical retail locations without requiring currency conversion.

The solution maintains user control of digital assets through self-custody while providing access to a Visa-linked card for merchant payments. Transactions settle in real-time on the XDC Network blockchain, addressing operational inefficiencies common in traditional cross-border payment channels. The partnership eliminates intermediate conversion steps and associated foreign exchange fees, streamlining the payment experience.

This initiative reflects broader efforts within the blockchain ecosystem to increase practical utility of stablecoins in everyday commerce. By connecting decentralized networks with established payment infrastructure, the partnership aims to reduce friction points that have historically hindered mainstream cryptocurrency adoption in consumer transactions.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 13

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