Tether-Backed Mobile Payment App Oobit Expands into the U.S. Market

BlockBeats News, December 8th, according to Coindesk, Tether-backed mobile payment app Oobit announced a partnership with Bakkt and will officially launch in the United States on Monday, December 9th. It is reported that this "tap-to-pay" solution integrates with non-custodial wallets such as Base, Binance, MetaMask, Phantom, and Trust Wallet, allowing users to directly spend cryptocurrency via iOS and Android devices. Merchants, on the other hand, will receive real-time fiat settlements through the existing Visa payment network.