Blockchain
Oobit Launches a Revolutionary Crypto Payment Application for Mobile Users
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.
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
Contact:
Moran Signer
[email protected]
+65 8819 1139
Blockchain
$FAR Token ranks first on Bybit exchange and soars to 44%following staking program launch: Coingecko
Farcana — United Arab Emirates based Bitcoin shooter game, has announced that its $FAR token is now ranked first on Bybit exchange. This development comes after the launch of its staking program, which offers users a 60% annual percentage rate (APR) on their $FAR tokens.
The staking program requires users to utilize the Polygon network for staking their announcement. Following the announcement, $FAR token soared to 44% according to Coingecko.
Founded in 2022, Farcana recently raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle among others. It is built on Unreal Engine 5 and Farcana shares a similar graphical style with Overwatch, a team-based multiplayer first-person shooter game by Blizzard Entertainment. The game is understood to operate under a free-to-play model.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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