Oobit, VeChain Join Forces for Strong Crypto Transactions

Oobit partners with VeChain to integrate VET into its mobile payment platform, facilitating transactions and supporting VeChain’s ESG goals.

In a recent announcement, mobile payment service Oobit teamed up with blockchain platform VeChain (VET) to include its native coin into the platform. Users will be able to incorporate the token into their daily transactions and contribute to VeChain’s Environmental, Social, and Governance (ESG) goals when Oobit’s tap-and-pay feature supports VET.

“By combining our dedication to ESG initiatives with Oobit’s innovative methodology, VeChain is thrilled to join with Oobit. The CEO of VeChain, Sunny Lu, stated that the integration of VET into Oobit’s platform goes beyond a technical improvement; it’s a concrete step towards associating blockchain technology with beneficial social impact.

To further encourage further use of VET and VTHO, users that take part in sustainability-focused dApps through VeBetterDAO will receive the platform’s incentive token, B3TR. By leverage VeChain’s ‘X-2-Earn’ concept, VeBetterDAO turns ordinary transactions into a powerful tool for good, empowering a wide range of stakeholders—from individuals to multinational corporations—to actively back sustainability efforts.

This alliance is more than just integrating technologies; it’s a daring move towards a future where all transactions contribute to sustainability,” stated Amram Adar, the CEO

Oobit Unites Innovative Payment Methods with Global Crypto Transactions

Oobit is a cryptocurrency payment app that has been around since 2017 and allows users to make easy local and international purchases using bitcoin. Customers may easily buy cryptocurrency with their app, while businesses can accept payments in fiat money.

With their ecosystem, users may use their bitcoin to pay at over 100 million retailers across the world that accept Visa and Mastercard with tap-and-pay. Android users in the European Union will be the primary target for the initial rollout of tap-and-pay feature.

In a recent Series A fundraising round, they generated $25 million to propel its endeavors toward standardizing digital asset payments. With the fresh funding, the business will speed up the creation of a Web3 gateway, expand into other countries, and make it easier to integrate external wallets. Previously, the company had focused on the European Union and the UK as its main markets.

Oobit aims to become a cryptocurrency payment app that does not use custodial services in the near future by extending this capacity to third-party wallets. Thanks to their latest partnership, they have added VET to its list of supported tokens, bringing the total number of tokens listed on the platform to six. This further expands Oobit’s payment ecosystem.