Velo Labs announced partnerships between its Orbit crypto merchant network and major POS providers, targeting 500,000 users by year-end. Orbit enables QR code-based cryptocurrency payments at retail points of sale with instant fiat conversion for merchants.
Velo Labs, backed by Stellar Network and CP Group, announced landmark partnerships integrating its Orbit crypto merchant network with leading Point-of-Sales systems. The initiative aims to reach 500,000 Orbit users by end of 2024. Orbit allows customers to pay with cryptocurrency via QR code scans at retail locations, with instant conversion to fiat currency for merchants. The technology integrates seamlessly with existing POS infrastructure, offering merchants new revenue streams while providing consumers flexible digital payment options. This partnership represents Velo Labs' effort to bridge traditional retail payment systems with blockchain-based transactions and expand cryptocurrency utility in everyday commerce.