SoFi and Mastercard Launch Crypto-Linked Card in Mexico With Orbi

SoFi Tech Solutions has partnered with Mexican fintech Orbi and Mastercard to introduce a crypto-linked payment card that connects digital-asset balances to conventional retail spending, expanding SoFi’s financial infrastructure business into Mexico’s cryptocurrency payments market. Announced on October 8 , the program will allow Orbi customers to use physical and virtual Mastercard cards funded by cryptocurrency or traditional money. Digital assets will be converted into fiat currency during payment processing, meaning merchants will not need to accept cryptocurrency directly. Orbi becomes the first crypto-focused participant in SoFi Tech Solutions’ Mastercard Bank Identification Number (BIN) sponsorship program in Mexico.

Source: Crypto News Flash