Oobit Announces Strategic Partnership with Tezos Foundation, Integrating $XTZ for Crypto Tap Payment Usage and Unveiling iOS App

Oobit, a leading crypto payment platform, announces its strategic partnership with the Tezos Foundation. This collaboration integrates Tezos’ native token, $XTZ, into Oobit’s payment platform, enabling users to make tap payments using $XTZ at any Visa or Mastercard terminal worldwide. Additionally, Oobit has expanded its service offerings by launching its iOS app, providing a more accessible and user-friendly interface for cryptocurrency tap payment transactions to iPhone users.

Tezos, with community participation and on-chain governance at its core, offers unique features that make it an ideal addition to Oobit’s ecosystem. Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by a global community of validators, researchers, builders, and innovators. By design, Tezos embraces long-term upgradability, open participation, collaboration, and smart contract safety.

With the integration of Tezos technology, Oobit’s Tap & Pay feature now supports $XTZ, allowing users to make payments at any Visa and Mastercard terminal worldwide. This expansion of Oobit's payment ecosystem highlights the platform's commitment to providing seamless, real-world applications for cryptocurrency. The integration of $XTZ into Tap & Pay means that users can effortlessly use their digital assets for everyday purchases, bridging the gap between traditional financial systems and the emerging world of blockchain technology. 

“Partnering with Oobit represents an important milestone as we work towards greater global adoption of the Tezos token. This collaboration not only broadens our reach by Oobit’s simple web3 on and off-ramp experience but also strengthens our commitment to fostering innovation and accessibility in the decentralised future of web iOS opening up NFC, secure element access for developers will open up exciting possibilities in the roadmap ahead of us! “  Said Siddharth Singhal, Head of Business Development, at Trilitech,  dedicated to developing and elevating innovation in the Tezos ecosystem.

In addition to integrating $XTZ as a payment method, Oobit is also enabling support from Tezos Network for deposits and withdrawals on its platform. The Tezos network, which has been operational since 2018, is renowned for its self-amending protocol and formal verification processes. These features ensure the network remains adaptable and secure, making it an excellent foundation for Oobit’s expanding payment solutions. By leveraging the Tezos network, Oobit users can enjoy fast, low-cost transactions, enhancing the overall user experience and encouraging the widespread adoption of digital assets.

Amram Adar, CEO of Oobit, said, “Our collaboration with the Tezos Foundation represents a significant leap forward in our mission to make cryptocurrency a mainstream payment. We are not only expanding our payment options but also ensuring that our users have access to one of the most secure and innovative blockchains available today. “

To further expand its availability, Oobit is excited to announce the launch of its mobile app on iOS, following the successful release of its Tap & Pay feature for Android users in 2023. This expansion marks a significant step in making Oobit’s services accessible to a broader audience, now including iPhone users. To celebrate this milestone, Oobit is offering a special welcome bonus of $10 on their first tap payment experience to all verified new users. This initiative is designed to incentivize new users to explore the benefits of cryptocurrency payments and integrate digital assets into their daily financial activities. 

The in-app cryptocurrency tap payment is now available for both Android and iOS users within the EU with a plan to expand to other regions in the near future such as Asia and Latam. For more information, please visit oobit.com 

About Oobit
Oobit is a leading mobile payment app that offers a seamless way to pay with crypto both in-store and globally. Users can enjoy a crypto Tap & Pay experience as convenient and smooth as Apple Pay, utilizing existing Visa / Mastercard point-of-sale systems while ensuring merchants receive fiat currency. Since 2017, Oobit has been spearheading the mass adoption of cryptocurrencies as a means of payment for goods and services. The app is designed to provide a secure, practical, and user-friendly solution for individuals to effortlessly utilize their crypto in everyday transactions.

About Tezos

Tezos is an open source project and a scalable, energy efficient, public blockchain for assets and applications. It empowers builders, developers and businesses to deploy applications at low cost. One of the original Proof of Stake blockchains, the Tezos protocol is supported by a global peer-to-peer network and is valued for its long-term upgradability, open participation, and smart contract safety. As a result, Tezos is home to a thriving community of artists, scientists, developers and others who wish to create and transfer value frictionlessly in a digital-centric world.