{"id":2992,"date":"2024-08-20T13:36:44","date_gmt":"2024-08-20T13:36:44","guid":{"rendered":"https:\/\/cryptofunding.vc\/?p=2992"},"modified":"2024-08-20T13:36:45","modified_gmt":"2024-08-20T13:36:45","slug":"tether-heads-oobits-25m-series-a-funding-round-to-accelerate-crypto-adoption","status":"publish","type":"post","link":"https:\/\/cryptofunding.vc\/tether-heads-oobits-25m-series-a-funding-round-to-accelerate-crypto-adoption\/","title":{"rendered":"Tether Heads Oobit\u2019s $25M Series A Funding Round to Accelerate Crypto Adoption"},"content":{"rendered":"\n<p>Tether, the leading powerhouse in the cryptocurrency industry, has made a bold move by investing in Oobit, a cutting-edge mobile payment application. The Series A funding round, now successfully closed, has secured $25 million to fuel Oobit\u2019s ongoing development, pushing it closer to its mission of making cryptocurrency a mainstream payment option. This strategic investment aligns perfectly with Tether\u2019s vision of creating a more financially inclusive world.<\/p>\n\n\n\n<p>Oobit\u2019s mobile payment app is a game-changer for crypto holders, enabling them to Tap &amp; Pay at over 100 million retailers globally that accept Visa and Mastercard. This seamless integration allows merchants to easily embrace digital assets as a payment method, offering customers a convenient way to use their digital currencies for everyday transactions. Future updates to Oobit are set to elevate this experience further, allowing customers to make crypto payments while merchants effortlessly receive fiat currency, just as they would with traditional credit card payments.<\/p>\n\n\n\n<p>The Series A round, led by Tether\u2019s investment arm, attracted significant interest from key industry players and strategic investors. Notable participants include CMCC Global\u2019s Titan Fund, 468 Capital, and Solana Co-founder Anatoly Yakovenko.<\/p>\n\n\n\n<p>\u201cTether\u2019s investment in Oobit underscores our unwavering commitment to expanding the cryptocurrency ecosystem,\u201d stated Paolo Ardoino, CEO of Tether. \u201cWe share a vision of driving global adoption of cryptocurrencies. Oobit is a catalyst in this movement, breaking down barriers and enabling frictionless transactions for crypto holders worldwide.\u201d<\/p>\n\n\n\n<p>The Oobit app is now available on the Apple App Store and Google Play. Users can link it with Oobit\u2019s native blockchain wallet to enable payments via Tether, Bitcoin, and other digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the leading powerhouse in the cryptocurrency industry, has made a bold move by investing in Oobit, a cutting-edge mobile payment application. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,25],"tags":[],"class_list":["post-2992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding-round","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tether Heads Oobit\u2019s $25M Series A Funding Round to Accelerate Crypto Adoption - Crypto Funding<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptofunding.vc\/tether-heads-oobits-25m-series-a-funding-round-to-accelerate-crypto-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tether Heads Oobit\u2019s $25M Series A Funding Round to Accelerate Crypto Adoption - Crypto Funding\" \/>\n<meta property=\"og:description\" content=\"Tether, the leading powerhouse in the cryptocurrency industry, has made a bold move by investing in Oobit, a cutting-edge mobile payment application. 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