OrbitX has officially launched QR payment functionality enabling users to convert stablecoin balances into local currency purchases at point-of-sale terminals. The initial rollout is active in Vietnam and the Philippines, with expansion planned across additional markets in the coming weeks.
The feature addresses a operational challenge in emerging markets where stablecoin adoption has expanded but users historically faced friction converting digital balances into local currency for daily commerce. OrbitX's QR capability allows individuals to complete transactions at street vendors, transit systems, pharmacies, and retail establishments without requiring a local bank account or visiting physical foreign exchange venues.
Platform Capabilities
With the addition of QR functionality, OrbitX now offers a complete financial suite built on self-custodial stablecoin infrastructure. The platform enables users to manage capital across multiple stages:
- Hold: Multi-currency virtual accounts across USD, EUR, GBP, AED, NGN, BRL, and MXN backed by self-custodial wallets
- Spend: Physical and virtual Visa payment cards accepted across 15 million merchants globally
- Send: Real-time international payouts to more than 80 countries
- Scan and Pay: Direct point-of-sale transactions through stablecoin conversion to local currencies
Cost Savings for Businesses
The platform targets inefficiencies in global business payments. Companies and remote workers in developing markets frequently face foreign exchange markups ranging from 3 to 5 percent from traditional banking institutions when paying for dollar-denominated expenses. For an enterprise allocating $15,000 monthly toward such expenses, traditional bank foreign exchange spreads represent an annual cost of $5,400 to $9,000.
Availability and Access
The QR payment feature is active in Vietnam and the Philippines. Individual accounts can be established immediately, while corporate accounts require 3 to 4 days for onboarding. Platform access and documentation are available via orbitxpay.com.
