XDC Network Enables USDC Payments via Visa

- The XDC Network is an EVM-compatible, Layer 1 blockchain designed for trade finance and real-world asset (RWA) tokenization, utilizing a delegated proof-of-stake (dPoS) mechanism for fast, low-cost transactions. It is also ISO 20022-compliant, ensuring interoperability with global financial messaging systems. - OrbitX Pay's solution is non-custodial, meaning users retain control of their private keys and assets until the point of sale. This contrasts with many crypto card programs where the provider holds the user's funds. - This integration is part of a broader trend of major payment companies enabling stablecoin transactions. Visa, for instance, has been actively partnering with crypto wallets and fintechs to integrate stablecoins into its vast merchant network. - The XDC Network hosts over $132 million in USDC and nearly $200 million in total stablecoin liquidity, with total USDC transaction volume having surpassed $1.3 billion. - XDC Network's strategy focuses on enterprise and institutional adoption, with partnerships aimed at tokenizing real-world assets like invoices, credit, and financial instruments. Key partners include Deutsche Telekom for infrastructure, Singapore's licensed custodian Propine, and a partnership with Liqi Digital Assets to tokenize $500 million of financial instruments in Latin America. - The network features near-zero gas fees and a two-second transaction settlement time, positioning it as an efficient rail for cross-border payments and settlement, in contrast to traditional systems that can take days. - To foster ecosystem growth, the XDC Network has launched accelerator programs with Plug and Play, focusing on Real-World Asset (RWA) tokenization and payment solutions to attract and support startups building on the network. - The user process involves downloading the OrbitX Pay app, completing a KYC process, and depositing USDC from the XDC Network to activate the Visa card for spending.