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A Much-Needed Revolution Has Begun in the Crypto Payment Ecosystem Thanks to Oobit

Though the market for cryptocurrencies has slowed in recent years, it has grown at a rate that has never been seen before. According to the information that is presently accessible, there are more than 12,000 different kinds of cryptocurrencies that are traded on the market, with a total market cap of more than $941.31 billion US dollars. 

According to the most recent industry research projections, the global bitcoin payment ecosystem would expand at a double-digit annual pace of 23.4% between 2020 and 2025, reaching a value of 630 million US dollars. The need for a reliable financial institution is essential in a market that is constantly expanding. 

Introducing Oobit

Launched in 2017, Oobit is a financial services company that has created a blockchain-powered cryptocurrency payments gateway solution. In addition to enabling individuals and organizations worldwide to conduct crypto transactions quickly and easily, its products and underlying technologies support the practical use of digital assets, meeting the unmet needs of over one billion people who are unable to access essential financial services.

This platform’s purpose is to increase cryptocurrency use in daily life through contactless payment. As consumers and industries embrace contactless payment options, which are expected to reach $18 billion in 5 years, the platform is allowing users to offer this service for cryptocurrencies. In order to remove the barrier, which is the current financial arrangement that prevents everyone from using cryptocurrencies for payments, Oobit is committed to enabling its users to use cryptocurrencies for all of their financial needs.

The Oobit App

In addition to being the home to over 150k active users, the Oobit app supports 35+ crypto assets. It allows users to make direct payments using crypto assets to any business accepting VISA or Mastercard worldwide. 

With Oobit App, fingerprint, PIN, or face recognition will no longer be required. It accomplishes this by using phone numbers instead of wallet addresses to make payments between users’ known contacts more convenient and hassle-free. This also eliminates the risk of sending funds to the wrong network or wallet address and losing the funds. 

Here are a few features of the Oobit App: 

  • Rapid transactions that clear in 1-3 seconds 
  • Zero fees and micropayment compatibility 
  • Payments that guarantee the privacy of a user’s account and transaction history
  • Secure storage of assets (GK8) as well as insurance on all crypto assets (AON) 
  • Credit card, debit card, bank, and alternative payment solutions with on-ramp/off-ramp functionality.

The OBT Token

Powered by Oobitchain, the OBT token is a utility token. It will provide several benefits to the holders, including access to smooth financial transactions, improved payment speed, and huge discounts on fees. 

OOBIT tokens will be available for purchase on oobit.com, which can then be swapped on MEXC for USDT. Holders of this token will be able to skip the waiting time from minutes to seconds by eliminating pending transactions. In addition, the token will serve as a keystone for a digital economy that is secure and user-centric by providing end-to-end anonymity. 

In the future, Oobitchain plans to issue private tokens and smart contracts to enterprises through additional stages of development.

Tokenomics 

Total Supply: 1 Billion OBT

Community: 25%

Foundation: 10%

Authorized trading: MEXC

MarketCap: $390 Million

An Overview of Oobit’s Roadmap

With exciting revelations throughout the future, Oobit’s roadmap suggests it will focus on developing Oobit Businesses 3.0-4.0, Oobit Pay, Listing Oobit on exchanges, multi-chain wallet, expanding licenses and registrations, and the development of OBN v2.

Having partnered with big companies such as Coinbase, Simplex, Moonpay, and Enigma, the platform is on a path to revolutionizing the crypto payment ecosystem by bringing in big names into the space. 

What’s Next?

Transactions will become simpler now that complexity has been eliminated. There will be an easier and more customer-oriented payment procedure now.

Additionally, Oobit plans to announce contests and staking programs later this year. These will allow users to earn more OBT tokens and, in turn, more rewards. Stay tuned to Oobit.com for more updates.

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