Oobit, a crypto payment app supported by Tether, has launched a new feature allowing users to transfer funds from their crypto wallets to any bank account worldwide. This development is made possible through a partnership with routing infrastructure provider DTR. Users can track the real-time transfer of crypto assets from their wallets to the recipient's bank account, with no hidden fees and transactions settled within seconds via local payment channels.
The service initially supports European SEPA, US ACH, and Mexican SPEI payment channels, and accommodates fiat currencies such as USD, EUR, Mexican Peso, and Philippine Peso. Supported cryptocurrencies include BTC, ETH, USDT, and many others, with plans to expand further. This innovation enables Oobit to bypass traditional cross-border banking systems, streamlining international transactions.
Oobit Enables Global Bank Transfers with Tether-Backed Crypto App
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