Oobit Enables Direct Wallet-to-Bank Crypto Transfers

Oobit, the Tether-backed cryptocurrency payments app, is expanding its platform with a feature designed to make spending and sending crypto simpler for users worldwide. The company’s Send Crypto to any bank account feature allows users to move digital assets directly from self-custodial wallets to bank accounts, delivering local currency to recipients’ bank accounts or supported e-wallets.

The feature aims to reduce friction between crypto and traditional finance while enabling international transfers across more than 180 countries. It is built for users who want to keep full control of their crypto without relying on pre-funded cards or external exchange platforms.

Direct Wallet-to-Bank Transfers

Spending crypto today often requires extra steps. Most users have to move their digital assets out of self-custody wallets like MetaMask or Phantom into a separate app or card. That adds friction, delays, and counterparty risk, undermining the principle of truly controlling one’s crypto.

Oobit’s Send Crypto feature eliminates these extra steps. Users can send crypto directly from their wallets and have recipients receive the equivalent amount in local currency to their bank account or e-wallet

The feature supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, USDT, USDC, Solana, BNB, XRP, and others, depending on the region. Recipients receive funds in major local currencies, including EUR, GBP, and BRL, with USD coming soon. Delivery times range from seconds to one business day, depending on the method and location.

Oobit integrates with local payment networks for speed and reliability, including Instant SEPA and standard SEPA in Europe, Faster Payments in the U.K., ACH and wire transfers in the U.S., PIX in Brazil, SPEI in Mexico, and instant systems in the Philippines, Indonesia, India, and Nigeria.

Crypto-to-Visa Payments

Beyond sending crypto, Oobit allows users to spend digital assets directly at more than 150 million merchants worldwide via its Visa-powered virtual Crypto Card. The app links directly to self-custodial wallets, allowing payments without transferring funds to a separate card or account.

Supported cryptocurrencies include Bitcoin, Ethereum, USDT, USDC, and dozens of other tokens. At the moment of purchase, crypto is automatically converted into local currency, while merchants receive payment via the Visa network. Users can also add the virtual card to Apple Pay or Google Pay for in-store or online purchases.

Oobit offers up to 10% unlimited cashback on purchases through its virtual card interface. The service currently limits daily spending to $5,000 and provides 24/7 customer support.

Global Reach and User Adoption

Founded in 2017 and backed by stablecoin issuer Tether, Oobit enables users to spend digital assets in real-world transactions and is expanding its global retail presence.

The company recently entered Latin American markets, where stablecoins are increasingly used in everyday commerce.

Positioned as a bridge between Web3 and traditional payments, Oobit is available on iOS and Android in more than 80 countries. The app maintains strong user ratings, with over 20 thousand reviews on each platform and with a rating of 4.8 stars on the App Store and 4.7 on Google Play

People Also Ask:

What is Oobit? Oobit is a Tether-backed cryptocurrency payments app that allows users to spend crypto globally and send funds directly from self-custodial wallets to bank accounts.

How does Oobit’s wallet-to-bank feature work? Users can send crypto directly from their wallets, and recipients receive the equivalent in local currency to bank accounts or supported e-wallets.

Is Oobit available globally? The app is available in over 80 countries on iOS and Android, integrating with local payment systems like SEPA, Faster Payments, ACH, PIX, and SPEI.

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