Mexico’s Orbi card connects stablecoins to the Mastercard network
SoFi Tech Solutions, Orbi, and Mastercard unveiled the infrastructure behind the Orbi Card in Mexico. The physical and virtual card lets users spend balances in digital assets; conversion takes place at the time of payment, and merchants receive fiat currency.
The announcement does not mark the launch of a completely new card: Orbi says its users could already use it and that its day-to-day operation remains unchanged. The news is the confirmation of SoFi as its technology provider and BIN sponsor, as well as the use of Mastercard’s domestic MxDS network for purchases and ATM withdrawals.
Technically, it’s what the Binance Card already does.
SoFi Tech Solutions, Orbi, and Mastercard unveiled the infrastructure behind the Orbi Card in Mexico. The physical and virtual card lets users spend balances in digital assets; conversion takes place at the time of payment, and merchants receive fiat currency.
The announcement does not mark the launch of a completely new card: Orbi says its users could already use it and that its day-to-day operation remains unchanged. The news is the confirmation of SoFi as its technology provider and BIN sponsor, as well as the use of Mastercard’s domestic MxDS network for purchases and ATM withdrawals.
Technically, it’s what the Binance Card already does.
