OrbitX Brings Digital Value to Business Payments with XDC Network

OrbitX, a provider of corporate spend Visa cards and business payment solutions, has launched USDC corporate cards on the XDC Network. This move aims to streamline business payments by allowing companies to use digital balances for regular transactions without converting funds into idle cash. The OrbitX corporate card offers a flexible and efficient way for businesses to manage everyday expenses, including flights, ad spend, vendor invoices, and office expenses.

The XDC Network is an enterprise-grade Layer-1 blockchain designed for payments, trade finance, tokenization, and real-world asset application. It provides speedy transaction finality, low costs, and the ability to operate at scale. Ritesh Kakkad, co-founder of XDC Network, emphasized the importance of simplicity in business payments, stating, 'For any technology to become part of everyday life, it needs to make things simpler.'

OrbitX's corporate card has several key benefits, including the ability to send funds anytime and have them arrive almost immediately. It also automatically converts USDC balances on the XDC Network at the point of sale, removing the need for manual conversion. Integration and usage are straightforward, with a real-time dashboard for easy expense tracking.

OrbitX's founder and CEO, Ankitt Gaur, noted that businesses shouldn't have to think about the infrastructure behind every payment. He stated, 'OrbitX is focused on making the experience simple: businesses fund their account, issue prepaid cards to their teams, and manage everyday spending from one place.'