Key Updates
- •Oobit has integrated Phantom Wallet, enabling real-time Visa crypto payments.
- •Over 15 million Phantom users can now spend their cryptocurrency directly at Visa merchants worldwide.
- •This integration expands Oobit's crypto payment services to over 80 countries.
Seamless Crypto Spending with Phantom Wallet
Oobit has introduced native support for Phantom Wallet, a development that allows its user base of over 15 million individuals to make payments at any merchant that accepts Visa. This integration signifies a major advancement in the wider adoption of cryptocurrency for everyday transactions.
With this new feature, users are empowered to spend their crypto assets directly from their Phantom Wallet. This process eliminates the need for pre-funding accounts or utilizing bridging mechanisms. The system is designed to ensure that users maintain complete control over their funds right up until the point of payment approval.
This integration effectively addresses a significant barrier to crypto adoption by enabling users to transition from merely holding digital assets to actively using them in real-world scenarios. Oobit's proprietary DePay payment layer is instrumental in this process, facilitating the instantaneous conversion of cryptocurrency into local fiat currency at the point of sale.
The service supports a wide array of cryptocurrencies and is engineered to provide a smooth and secure payment experience for users, all while upholding the principles of self-custody and robust security measures.
Global Reach and Enhanced Crypto Utility
This new functionality significantly broadens Oobit's operational footprint, extending its crypto payment services to over 80 countries. This includes key markets such as the United States, Brazil, the Philippines, and South Korea. By incorporating Phantom Wallet, Oobit is effectively bridging the divide between digital assets and the practicalities of daily consumer spending, responding to a growing global demand for accessible and functional cryptocurrency solutions.
As Oobit continues to expand its DePay service offerings, users now have the capability to conduct both online and in-store purchases utilizing their digital asset holdings.
Amram Adar, Co-founder and CEO of Oobit, conveyed his enthusiasm regarding the integration. He highlighted its importance as a pivotal moment for cryptocurrency in its journey towards everyday utility. Adar stated, "This is the moment crypto leaves the screen and enters daily use."
Oobit's strategic integration of Phantom Wallet directly supports its overarching mission to establish cryptocurrency as a credible and practical alternative to conventional payment methods.