In this episode of Wall Street to MENA, Raghda Ibraheem sits down with Ankitt Gaur, founder and CEO of OrbitX Pay and a MENA Fintech Association member, to talk about what happens when stablecoins meet everyday spending.
OrbitX Pay lets users hold dollar-denominated stablecoins and spend them on a Visa card in over 140 countries. Ankitt walks through how the model works, why the UAE market matters for OrbitX’s multi-currency accounts, and why he sees the company as a facilitator for banks rather than a competitor to them.
The conversation also covers:
- Why geopolitical instability is accelerating demand for self-custodied wealth people can access anywhere
- How OrbitX’s technology is built to plug in regional stablecoins like the UAE’s dirham stablecoin as they launch
- What’s holding more conservative businesses back from settling invoices in stablecoins today
- Why Ankitt thinks the projected $1.5 quadrillion in stablecoin payment volume by 2035 is actually an underestimate
- Ankitt Gaur was nominated for this feature by the MENA Fintech Association (MFTA)