OBT

Oobit is a cryptocurrency payment app that enables users to use cryptocurrencies for payments in more than 100 million stores around the world that accept visa or Mastercard, while allowing merchants to seamlessly receive fiat currency. The platform supports a variety of cryptocurrencies, including BTC, Eth and usdt, and plans to expand payment capabilities to third-party wallets to become an unmanaged encrypted payment application.

Oobit completed a round of financing of $25 million in 2024, with investors including Titan fund, a fund of CMCC global, 468 capital and Anatoly Yakovenko, co-founder of Solana. This round of financing highlights the growth potential of encrypted payment applications and shows the important potential of oobit in promoting encrypted currency payments.

Oobit's business model addresses the availability of cryptocurrencies in real-world payments and provides a bridge between the crypto economy and traditional financial systems. Its payment solutions are designed to simplify the cryptocurrency payment process, provide merchants with near real-time conversion of digital assets to fiat currency, and provide consumers with a seamless payment experience.

In addition, oobit plans to expand into new markets, including Latin America, the United Arab Emirates, the Asia Pacific region, Canada and Australia, and establish a foothold in the European Union and the United Kingdom. Oobit's future development plans and expansion strategies show that it is committed to bringing cryptocurrency payments into the mainstream.