Crypto payments app Oobit secures $25M led by Tether, Solana Labs' Yakovenko

Oobit, founded by Amram Adar and Aharon Miller, has recently announced a $25M Series A funding round. This financial boost aims to propel the mobile crypto app into new markets across the Asia Pacific, Latin America, and the United Arab Emirates.

• Investors: The investment round is led by industry names, including Anatoly Yakovenko from Solana Labs, Tether, 468 Capital, and CMCC Global’s Titan Fund.

• 'Tap and Pay' Feature: Mirroring the convenience of contactless card payments, Oobit’s "tap and pay" allows users to make crypto payments at over 100 million merchants worldwide.

• Integration with E-Wallets: Expanding its user-friendly approach, Oobit plans to bridge Web3 and real-world spending by enabling payments to and from various external e-wallets, whether they are crypto-based or traditional.

• Extensive Cryptocurrency Offerings: With Oobit, purchasing Bitcoin, Ethereum, and a selection of over 35 other top cryptocurrencies is straightforward, ensuring users have access to a wide array of digital assets directly through the app.

CEO Adar emphasizes Oobit’s commitment to user empowerment, stressing the importance of direct payments while giving users full control over their funds, in line with Oobit’s user-centric financial future philosophy.