Oobit Collaborates with Tether and TON for Mobile App-based USDT-to-Fiat Transactions

Tether and the TON Foundation have formed a strategic partnership with Oobit, a mobile payment app, to revolutionize cryptocurrency payments for merchants. This collaboration aims to enhance the user experience for transactions involving Tether’s digital assets, USDT and Tether Gold (XAUt), on The Open Network (TON). By integrating Oobit’s mobile payment app, Tether will provide merchants with a seamless and convenient way to handle cryptocurrency payments. Oobit’s Tap & Pay feature allows merchants to receive fiat currency even if the payment is made in USDT, expanding the practical use of cryptocurrencies as a widely accepted payment option. The TON blockchain, integrated with Telegram, enables simple and borderless peer-to-peer payments, increasing access to decentralized services and improving the user experience. Since the integration, over $200 million worth of USDT has been issued on TON’s blockchain, enabling users to send USDT via direct messages on Telegram and use it for instant crypto Tap payments on Oobit. Tether CEO Paolo Ardoino expressed excitement about the collaboration, emphasizing the goal of providing banking solutions to the unbanked population and revolutionizing cryptocurrency transactions to make them easier and more convenient.