OobitPrice

(OOB)

Oobit is a mobile payment application designed to bridge the gap between digital assets and daily commerce. It allows users to spend cryptocurrency at over 100 million merchants globally that accept Visa or Mastercard. The core technology, "Tap & Pay," enables a seamless experience similar to traditional mobile payment systems. Unlike other services that require manual conversion to fiat before spending, Oobit converts the selected cryptocurrency into fiat currency at the exact moment of purchase. Users simply tap their phone at a standard payment terminal, and the app handles the real-time conversion and settlement in the background, making digital assets as liquid as cash for retail transactions.

OOB is the native utility token of the Oobit ecosystem. In late 2025, the project underwent a significant migration from its previous tickers, OBT and OOBIT, which were based on Ethereum and BNB, to the new OOB ticker on the Solana blockchain. This strategic move to Solana was driven by the need for higher scalability and significantly lower transaction costs, which are essential for real-world retail payment applications. Users holding the legacy tokens must utilize official migration portals or follow instructions from supported exchange platforms to swap their holdings 1:1 for the new Solana-based OOB token to maintain utility and participation in the ecosystem.

Oobit is designed as a non-custodial payment solution, which is a significant feature for users who prioritize asset ownership. This means that users connect their own external digital wallets to the app rather than depositing funds into a central account managed by the service. Your private keys remain entirely under your control. When making a purchase, you only authorize the specific amount required for that single transaction at the time of the tap. This architecture ensures that users maintain full sovereignty over their funds, while the integration of advanced security protocols like Fireblocks-secured MPC wallets provides an additional layer of protection for every transaction.

As of early 2026, Oobit's payment services are primarily active and available to users within the European Union (EU) and the United Kingdom. However, the project has a robust expansion roadmap aimed at global accessibility. Plans are underway to launch services across the United States, Latin America—specifically targeting Brazil, Argentina, and Mexico—and the Asia-Pacific region, including Australia and the Philippines, throughout 2025 and 2026. Because Oobit operates within traditional financial frameworks like Visa and Mastercard networks, all users are required to complete a standard Know Your Customer (KYC) verification process to access and use the app’s payment features.

The OOB token serves several critical functions within the ecosystem to incentivize adoption and provide value to users. First, holders of OOB can benefit from significant fee discounts, potentially reducing transaction costs within the app by up to 50%. Second, using OOB for payments or maintaining specific holding levels can unlock enhanced cashback rewards, often reaching up to five times the standard rate. Additionally, the project implements a deflationary mechanism where 50% of all transaction fees generated by the Oobit application are used to buy back and burn OOB tokens from the market. This process is designed to gradually reduce the total supply of the token as the platform's adoption grows.

Oobit has secured backing from several prominent figures and organizations within the blockchain industry. A notable partner and investor is Tether, the issuer of the USDT stablecoin. This partnership is crucial as it ensures high liquidity for stablecoin-based transactions within the app. Furthermore, the project has received support from Anatoly Yakovenko, a co-founder of Solana, and various venture capital firms like 468 Capital and Titan Fund. Additionally, Oobit is collaborating with VCI Global to develop a Digital Asset Treasury intended for institutional use. The app also continues to expand its multi-chain capabilities, supporting assets across Ethereum, Tron, and BNB Chain to provide a versatile spending experience.