Oobit Raises $25M to Bridge Crypto and Fiat Payments for Merchants and Consumers
• Oobit raised $25M in Series A funding led by Tether, CMCC Global’s Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko
• Oobit app allows consumers to pay for purchases using crypto while merchants receive fiat currency
• Planning to open capability to third-party wallets to become a non-custodial crypto payments app
• Joining ranks of crypto firms linking with TradFi companies to offer more efficient crypto payment methods
• Funding round marks pivotal moment for Oobit's mission to enable simple crypto payments anywhere