Tether-Backed Oobit App Enables Global Bank Transfers for Crypto

Crypto payment application Oobit, supported by Tether, has announced the launch of its global bank transfer functionality. According to The Block, the integration, achieved through a partnership with routing infrastructure provider DTR, allows users to send cryptocurrency directly to "any bank account worldwide."

Oobit's new feature promises real-time visibility for users sending crypto assets, showing the exact amount leaving their wallet and the precise sum arriving in the recipient's bank account. The company emphasizes a lack of hidden conversion fees or unexpected charges, with transactions settling in seconds via local payment channels.

This development signifies a significant step towards seamless crypto adoption, bridging the gap between digital assets and traditional banking infrastructure for a truly global reach.

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