OrbitX has announced the official launch of its self-custodial QR payment system across more than 15 international markets, beginning immediately in the Philippines and Vietnam. The deployment enables individuals and enterprises to execute point-of-sale transactions in local fiat currencies using self-custodial stablecoin balances.
The announcement completes OrbitX’s strategic architecture designed to address systemic financial friction encountered by businesses, remote teams, and freelancers operating in Latin America, Africa, the Middle East, and Asia. Historically, entities in these regions have faced significant operational costs driven by traditional correspondent banking structures. Standard banking channels routinely apply a 3 to 5 percent foreign exchange markup on cross-border payments, software subscriptions, cloud platforms, and contractor disbursements priced in U.S. dollars.
For a middle-market enterprise spending $15,000 monthly on global operational expenses, these banking markups generate annual losses between $5,400 and $9,000 prior to core business execution. Furthermore, conventional international wire transfers typically require three to five business days to achieve final settlement. OrbitX mitigates these financial drags by leveraging stablecoin infrastructure to deliver transparent, instant cross-border settlement.
To deliver full operational utility, OrbitX has unified four key financial capabilities into a single platform:
- Multi-Currency Virtual Accounts: Direct issuance of named accounts in currencies including USD, EUR, GBP, AED, NGN, BRL, and MXN, routing directly into user-controlled self-custodial wallets.
- Global Payout Capabilities: Real-time cross-border money transfers reaching recipient accounts across more than 80 destination countries.
- Card Issuance: OrbitX Visa payment cards accepted across 150 million merchant locations worldwide.
- Merchant QR Payments: Instant point-of-sale conversion, allowing users to scan regional payment codes and settle transactions in local currencies—such as Philippine pesos or Vietnamese dong—directly from stablecoin balances.
By targeting QR-first markets like Vietnam and the Philippines initially, OrbitX aligns its platform with established consumer payment habits. Merchants across these regions—ranging from large retail chains and pharmacy networks to local transit providers and wet market stalls—rely primarily on QR codes for daily financial transactions. The new integration permits stablecoin holders to spend their digital assets at the counter without establishing local bank accounts or utilizing third-party currency exchanges.
“Businesses operating from emerging financial centers have operated under an unfair cost structure for decades,” said Ankitt Gaur, Founder and Chief Executive Officer of OrbitX. “Our goal is to dismantle the foreign exchange tax that drains capital from growing companies in cities like Manila or Lagos. By pairing instant global payouts with local QR payment capabilities, we ensure that digital dollar balances are as fluid at the local corner store as they are across international banking channels.”
Gaur further emphasized the security structure of the platform: “Self-custody is central to our design. Because users maintain exclusive control of their private keys, funds are never commingled in central corporate accounts or vulnerable to third-party banking disruptions. We are providing modern financial instruments without asking clients to accept counterparty exposure.”
Rollout & Access
The OrbitX QR payment system is operational today in the Philippines and Vietnam, with deployments across 13 additional target markets taking place in the coming weeks. Account registration for individual users is instant, while corporate account verification completes within 3 to 4 business days. Complete platform services, API access, and application downloads are hosted at orbitxpay.com
About OrbitX
OrbitX is a self-custodial, borderless finance platform engineered to streamline international payments for individuals and commercial entities. Available via native mobile software and developer APIs, OrbitX combines named multi-currency virtual accounts, self-custodial wallet security, Visa debit capabilities, global payouts to 80+ nations, and native QR payment integration. Serving clients across Asia, the Middle East, Africa, and Latin America, OrbitX operates under its core charter: “Banking without borders. Custody without compromise.”
