Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Tether and Solana’s Yakovenko secures $25 million investment in cryptocurrency payment company Oobit
ADOPTION NEWS

Tether and Solana’s Yakovenko secures $25 million investment in cryptocurrency payment company Oobit

By Crypto FlexsFebruary 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Tether and Solana’s Yakovenko secures  million investment in cryptocurrency payment company Oobit
Share
Facebook Twitter LinkedIn Pinterest Email
Technology • February 5, 2024, 10:48 AM EST

Posted 1 minute ago In ~

Crypto mobile payments company Oobit has secured $25 million in Series A funding in a round led by Tether, Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital, the company said in a statement.

Founded in 2017, Oobit seeks to eliminate “merchant friction” and provide functionality similar to Apple Pay, allowing consumers to utilize the app to pay for goods and services with cryptocurrency.

“Tether’s strategic investment in Orbit highlights our unwavering commitment to welcoming new users to the cryptocurrency ecosystem,” Tether CEO Paolo Ardoino said in a statement. “From our perspective, Oobit acts as a catalyst to break down barriers and facilitate seamless transactions for cryptocurrency holders around the world.”

Like Oobit, traditional fintechs including PayPal and Nubank have been working to make the process of buying, selling and spending cryptocurrency more seamless. Payments giant Visa recently partnered with web3 company Transak to make it easier for people to spend or withdraw cryptocurrency using their debit cards.

Switch to a ‘non-custodial’ payment app

Oobit already allows consumers to use “cryptocurrencies in a traditional commerce environment,” but the company hopes to expand its capabilities and allow external third-party wallets. “This will transform Oobit into a non-custodial cryptocurrency payment app,” the company said.

“Our investment in Oobit’s Series A funding round highlights our commitment to fostering innovation that bridges the realms of blockchain systems and traditional financial systems,” said Martin Baumann, co-founder and managing partner of CMCC Global. He said.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a variety of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025

XRP Breaks Through $3.5! DL Mining Launches AI Cloud Mining Contracts, Earning Steady Profits Every Day

July 20, 2025

AAVE gains strength as AAVE dominates defect loans with net deposits of $ 50B or more.

July 19, 2025

As XRP Surges, DLMining Platform Opens New High-yield Cloud Mining Opportunities For Holders

July 19, 2025

Missed Out On Bitcoin At $9999? SIM Mining Cloud Mining Brings You New Opportunities For Wealth!

July 19, 2025

NFT is a rebound -there is a teenage NFTS this week.

July 19, 2025

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Ether Lee Rium breaks $ 3K with 7,200% of the virus L2 coin eyes.

July 20, 2025
Most Popular

Ethereum open interest and RSI hit multi-month highs. Are we getting closer to $3,000?

October 21, 2024

TBS uses AI Dubbing to globalize KASSO partner with Elevenlabs

April 13, 2025

Monero’s largest P2P trading platform shuts down

May 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.