Blockchain payment platform Orbital completes £5 million in funding, led by Golden Record Ventures.

According to BlockBeats news on August 3rd, the British blockchain payment platform Orbital has completed a £5 million financing round, led by Golden Record Ventures with participation from New Form Capital, GSRV, Psalion, and Luminous Futures. This financing round will enable Orbital to continue its rapid growth, obtain more licenses in new jurisdictions, and further develop its products. Founded in 2017 and headquartered in London, Orbital has obtained a cryptocurrency payment license and is currently focused on use cases for stablecoins in cross-border payments. Orbital aims to combine traditional fiat and cryptocurrency business accounts, allowing global enterprises, especially those operating in emerging markets, to integrate stablecoins and other major cryptocurrencies with traditional currencies into their existing payment flows. Its API further serves as an embedded financial solution for stablecoin payments. (TechFundingNews)