In the fast-paced world of cryptocurrency, funding rounds are a common occurrence as companies strive to stay ahead of the competition and expand their offerings. The latest player to secure significant funding is Orbital, a blockchain service that aims to bridge the gap between traditional and digital asset treasury solutions. With their unique approach, Orbital has attracted the attention of prominent investors, raising an impressive $6.4 million in a recent funding round. Let’s take a closer look at what Orbital offers and how this funding will help them achieve their goals.
Orbital has developed a platform that combines fiat and crypto business accounts, enabling traditional enterprises, particularly those with exposure to emerging markets, to seamlessly integrate stablecoins, major cryptocurrencies, and traditional currencies into their payment flows. With the help of Orbital’s APIs, businesses can effortlessly incorporate stablecoin payments into their existing processes. For instance, they can accept cryptocurrency payments from their customers, convert them into traditional currencies like USD, GBP, and EUR, and settle the funds into IBAN accounts within minutes.
The Funding Round:
The recent funding round announced by Orbital has gained significant attention in the crypto community. The company was able to raise an impressive $6.4 million in this round, showcasing the confidence investors have in their business model and future growth potential. Several renowned venture capital firms participated in the funding round, including GSR Ventures, Golden Record Ventures, New Form Capital, and Psalion VC. This diverse range of backers further solidifies Orbital’s credibility within the industry.
Applications and Benefits:
Orbital’s innovative approach brings a range of benefits to businesses looking to expand their payment options and enter new markets. By leveraging stablecoins and cryptocurrencies, companies can effortlessly tap into new markets without the need for physical presence or domestic bank accounts. This opens up opportunities for global enterprises, particularly those with exposure to emerging markets, to improve financial inclusion and access.
Additionally, Orbital’s embedded finance solution enables businesses to enjoy the advantages of crypto payments without having to handle cryptocurrencies directly. This eliminates the complexities and risks associated with crypto transactions, making it a more accessible option for traditional enterprises. Orbital’s solution stands as a bridge between the traditional and digital worlds, allowing businesses to adapt to the rapidly evolving financial landscape.
Orbital’s successful funding round is a testament to the growing interest in bridging the gap between traditional and digital asset treasury solutions. With their robust platform and embedded finance solution, Orbital aims to revolutionize the payment landscape for global enterprises. By seamlessly integrating stablecoins and major cryptocurrencies into traditional payment flows, they enable businesses to expand their horizons and access new markets. With the support of prominent investors, Orbital is well-positioned to drive innovation and shape the future of financial services.