[DigitalToday reporter Chi-gyu Hwang (황치규)] Orbit is increasing its Latin America enterprise by launching a cryptocurrency payments platform in Colombia.
In accordance to a latest Cointelegraph report, Colombia is Orbit’s ninth market and a regional growth base following Brazil, Argentina and Chile.
The corporate stated customers in Latin America are utilizing digital property for groceries, eating places and different on a regular basis spending. Chainalysis knowledge confirmed the Colombian peso ranked second globally within the share of stablecoin purchases on centralised exchanges by forex.
Orbit operates a non-custodial cryptocurrency payments platform. Customers can use digital property of their wallets for payments with out going by means of a technique of cashing out at a standard financial institution. The corporate stated its Visa-linked payments system permits payments at greater than 150 million retailers in over 80 international locations.
