{"id":25999,"date":"2024-02-05T17:37:16","date_gmt":"2024-02-05T17:37:16","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-leads-25m-round-for-crypto-payments-firm-oobit\/"},"modified":"2024-02-05T17:37:16","modified_gmt":"2024-02-05T17:37:16","slug":"tether-leads-25m-round-for-crypto-payments-firm-oobit","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-leads-25m-round-for-crypto-payments-firm-oobit\/","title":{"rendered":"Tether leads $25M round for crypto payments firm Oobit"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707153141637-6e45d9ae-dee9-45a4-898c-3854f1b0a1f2-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707153141637-6e45d9ae-dee9-45a4-898c-3854f1b0a1f2-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707153141637-6e45d9ae-dee9-45a4-898c-3854f1b0a1f2-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/1707153141637-6e45d9ae-dee9-45a4-898c-3854f1b0a1f2-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Tether led the $25 million Series A round for crypto payments firm Oobit.<\/li>\n<li dir=\"ltr\">Solana co-founder Anatoly Yakovenko also backed the platform\u2019s investment round.<\/li>\n<\/ul>\n<p dir=\"ltr\">Oobit, a mobile payments firm that allows users to pay with crypto, has raised $25 million in its Series A funding round.\u00a0<\/p>\n<p dir=\"ltr\">Stablecoin issuer <a href=\"https:\/\/coinjournal.net\/news\/tag\/tether\/\">Tether<\/a> led the crypto platform\u2019s funding round, which also attracted the backing of CMCC Global, 468 Capital and Solana co-founder Anatoly Yakovenko.<\/p>\n<p dir=\"ltr\">The financing will help Oobit continue its development as it looks to achieve mainstream adoption, Tether noted in a <a href=\"https:\/\/tether.to\/en\/tether-leads-oobits-25m-series-a-funding-round-to-propel-crypto-adoption\/\" rel=\"noopener noreferrer\" target=\"_blank\">press release<\/a>.<\/p>\n<p dir=\"ltr\">\u201c<em>Tether\u2019s strategic investment in Oobit underscores our unwavering dedication to welcoming new users into the cryptocurrency ecosystem<\/em>,\u201d said Paolo Ardoino, CEO of Tether.\u00a0<\/p>\n<p dir=\"ltr\">He added: \u201c<em>Our support is founded on a mutual vision to drive the widespread adoption of cryptocurrencies on a global scale. Oobit, in our perspective, stands as a catalyst, breaking down barriers and facilitating frictionless transactions for crypto holders worldwide<\/em>.\u201d<\/p>\n<p dir=\"ltr\">With Oobit, crypto holders can easily pay for goods and services at more than 100 million retail points globally. Oobit\u2019s Tap &amp; Pay feature, which accepts Visa and Mastercard, uses NFC (near-field communication) to enable contactless payments, with users accessing tokenized payments that allow for merchants to convert crypto to fiat in real time.<\/p>\n<p dir=\"ltr\">The platform also targets growth across the financial space with third-party wallet integrations.<\/p>\n<p dir=\"ltr\">Following today\u2019s news, the price of native Oobit token OBT soared by more than 30% to reach highs of $0.105.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tether-leads-25m-round-for-crypto-payments-firm-oobit\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Tether led the $25 million Series A round for crypto payments firm Oobit. Solana co-founder Anatoly Yakovenko also backed the platform\u2019s investment round. Oobit, a mobile payments firm that allows users to pay with crypto, has raised $25 million in its Series A [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25999"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25999"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26000"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}