Came across SoFi’s announcement: SoFi Tech Solutions, Mexican crypto finance company Orbi, and Mastercard are partnering to launch a crypto-linked card in Mexico. Orbi users can spend from their fiat or crypto balance; it’s automatically converted at checkout, while merchants receive fiat.
The key detail: Orbi is the first crypto-focused card issuer under SoFi Tech Solutions’ (formerly Galileo) Mastercard BIN sponsorship program in Mexico. Both physical and virtual cards can be used for purchases, and cash withdrawals are supported through Mexico’s domestic MxDS clearing system. The announcement also lays the groundwork for future stablecoin remittances and payments using SoFiUSD.
Mexico is one of the world’s largest remittance markets, and stablecoins’ share of crypto purchases in Latin America has been climbing. Connecting crypto balances to the Mastercard acceptance network is a lot more convenient than transferring funds from a standalone wallet.
#加密支付 #稳定币 #Mastercard
The key detail: Orbi is the first crypto-focused card issuer under SoFi Tech Solutions’ (formerly Galileo) Mastercard BIN sponsorship program in Mexico. Both physical and virtual cards can be used for purchases, and cash withdrawals are supported through Mexico’s domestic MxDS clearing system. The announcement also lays the groundwork for future stablecoin remittances and payments using SoFiUSD.
Mexico is one of the world’s largest remittance markets, and stablecoins’ share of crypto purchases in Latin America has been climbing. Connecting crypto balances to the Mastercard acceptance network is a lot more convenient than transferring funds from a standalone wallet.
#加密支付 #稳定币 #Mastercard