Summary
- Oobit reported that it has launched a “cryptoasset-to-bank direct transfer” service that enables users to remit cryptoassets directly to local bank accounts without external exchanges.
- It said the update fully integrates an off-ramp function within the Oobit app, allowing cryptoassets to be converted into everyday cash assets.
- Oobit said it has simplified remittance procedures by leveraging local payment infrastructure in each region, and is said to be receiving active support from Tether (USDT).
Oobit, a cryptoasset (cryptocurrency) payments app, has launched a “cryptoasset-to-bank direct transfer” service that allows users to remit their crypto holdings directly to local bank accounts without going through external exchanges.
According to crypto-focused media outlet Cointelegraph on the 24th (local time), 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 cryptoassets to be converted into everyday cash assets.
Oobit simplified the remittance process by directly leveraging local payment infrastructure in each region, allowing users to transfer funds to bank accounts without needing a separate centralized exchange account.
Meanwhile, Oobit is said to be receiving active support from Tether (USDT).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
