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Oobit Launches a Revolutionary Crypto Payment Application for Mobile Users

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Singapore, Singapore–(Newsfile Corp. – April 26, 2022) – Oobit Technologies Pte. Ltd or “the Company”, a financial services and blockchain technology provider, is pleased to announce the launch of the Oobit application for mobile users on iOS and Android. Oobit’s groundbreaking payment application is designed to promote the mainstream adoption of cryptocurrency payments for everyday transactions by individuals and businesses alike. Users can now pay and get paid in cryptocurrency with zero networking or gas fees worldwide, as well as rapidly convert fiat to crypto using built-in on- and off-ramps.

Oobit’s innovative payment service can be distinguished from its peers in a number of key respects that include:

No transaction/network/gas fees to send any crypto asset on the OBN network.

  • Rapid execution of transactions in 1-3 seconds.
  • Micropayment compatibility (>$0.01) makes Oobit a viable option for anyone and any type of payment.
  • Seamless cross-border payments that guarantee the privacy of a user’s account activity and transaction history.
  • Equal accessibility for individuals and businesses that makes Oobit an all-encompassing B2B2C payment solution.
  • Payments are made directly to a mobile number or your phone’s contacts rather than a wallet address, in order to prevent lost transactions or confusion over cross-chain operability.

Oobit was founded in 2017 and today maintains a robust international footprint with its headquarters in Singapore, thought leadership in Israel, and a licensed office in Estonia to facilitate operations in the European Union. The launch of the Oobit app enshrines the company’s core objective of promoting crypto accessibility for everyday utility. The application supports over 40 different cryptocurrencies, and users have the option to buy crypto assets directly via credit card or bank transfer. They can also track transactions in real-time and have access to Oobit’s 24/7 customer support service in order to ensure reliability around the clock.

Oobit for Businesses is the enterprise module of the application that provides a simple and efficient payment solution for participating companies of any size to pay and get paid in crypto by customers and vendors alike. Other features of Oobit for Businesses include the ability to generate transaction invoices for bookkeeping and taxation purposes, as well as the option to open customizable business profiles that Oobit community members can access via mobile number or QR-code to perform quick and easy transactions on the go.

The Oobit mobile application ensures robust security, insurance/centralization, and KYC/AML compliance for assets through a number of strategic partnerships. The application provides users with state-of-the-art secure storage of assets through its partner GK8’s proprietary MPC wallet technology. All transactions are insured and centralized by Aon, and KYC services are provided by Sumsub for a fast and user-friendly onboarding process. Lastly, Elliptic’s chain analysis services ensure regulatory compliance that guarantee Oobit’s viability for use by a diverse clientele that ranges from individual consumers to small businesses and large enterprises.

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Aharon Miller, co-founder and COO commented on the launch of the Company’s new mobile application: “At Oobit we spend considerable time thinking about the evolution of the global financial system, who will be the next generation of consumers over the coming decade, and what needs and preferences they will voice. Over two billion people in the world today are financially underserved, and in an age of digital assets they lack a basic platform to move funds simply, quickly, and in a cost-effective manner.”

“Oobit’s solution was to create a crypto payment app designed for total compatibility with the world of digital assets that places a premium on mobility and connectivity. Our app’s launch symbolizes our commitment to building a new generation of services in which managing and moving funds is not simply a privilege of the few, but a basic right for people and businesses worldwide.”

About Oobit

Oobit was established in 2017 with a simple aim: to increase cryptocurrency adoption in everyday life. To this end, Oobit stands at the forefront of financial services and blockchain innovation in its mission to provide an agile and user-friendly payment solution for anyone who needs to pay or get paid in crypto today. The Oobit mobile application is a core element of the broader Oobit ecosystem that includes built-in capabilities for purchasing crypto assets, cash management services, and access to a growing community of Oobit-paying individuals and businesses.

For more information please visit: www.oobit.com

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Contact:
Moran Signer
[email protected]
+65 8819 1139

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121719

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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