Summary
- Oobit said it has launched a direct crypto-to-bank transfer service, enabling users to remit funds to local bank accounts without using an external exchange.
- The new feature fully integrates an off-ramp function within the Oobit app, allowing users to convert crypto into everyday cash assets.
- Oobit said it has simplified the remittance process by leveraging local payment infrastructure and is receiving strong support from Tether (USDT).
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Oobit, a crypto (virtual asset) payments app, has launched a “direct crypto-to-bank transfer” service that allows users to remit their crypto holdings directly to local bank accounts without going through an external exchange.
According to Cointelegraph, a crypto-focused media outlet, the new feature goes beyond Oobit’s existing Tap-to-Pay in-store payments and peer-to-peer (P2P) transfer services, and is notable for fully integrating an off-ramp function within the app that enables users to convert crypto into everyday cash assets.
Oobit said it has streamlined the remittance process by directly leveraging local payment infrastructure in each region, enabling users to transfer funds to bank accounts without maintaining an account at a centralized exchange.
Meanwhile, Oobit is said to be receiving strong support from Tether (USDT).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
