Oobit Teams Up with VeChain for Eco-Friendly Cryptocurrency Transactions Incorporating VET Token

Mobile payment application Oobit The partnership with the blockchain platform was officially announced, marking a significant step towards incorporating its native token into the Oobit ecosystem. By integrating VET into Oobit’s tap-and-pay function, users can seamlessly incorporate the token into their daily financial activities, greatly aiding in sustainable practices and VeChain contributing to the Environmental, Social and Governance (ESG) goals of the initiative. VeChain Sunny Lu, CEO of VeChain, stated, 'We are thrilled to collaborate with Oobit, combining our dedication to ESG projects with their inventive approach. Adding VET to Oobit’s platform is more than just a tech upgrade; it’s a significant move towards ensuring blockchain technology has a positive social impact.'

Moreover, users engaging with sustainability-oriented decentralized applications (dApps) through VeBetterDAO can earn rewards in the platform’s incentive token, B3TR, which encourages more utilization of both

and VTHO. VeChain’s ‘X-2-Earn’ model allows various stakeholders—from individuals to corporations—to actively support sustainability efforts by transforming their regular transactions into beneficial contributions. VET Amram Adar, CEO of Oobit, remarked, 'This collaboration is not merely about integrating technology; it represents a bold advancement towards a future where every transaction aids in promoting sustainability.'

Oobit Connects Global Cryptocurrency Transactions through Innovative Payment Solutions

Since its establishment in 2017, Oobit has provided a mobile application that simplifies cryptocurrency transactions, both locally and internationally. With the Oobit app, users can easily buy cryptocurrencies while merchants can accept payments in traditional fiat currency.

This ecosystem empowers cryptocurrency enthusiasts to make tap-and-pay purchases at over 100 million merchants globally who accept Visa and Mastercard, using funds directly from their Oobit wallet. The highly anticipated tap-and-pay feature will initially launch in the European Union, primarily targeting Android users.

Recently, Oobit secured $25 million in Series A funding, which will help advance its mission to simplify payment processes using digital assets. With this new funding, the company plans to integrate external wallets, explore Web3 development, and expand its reach beyond its main markets in the European Union and the UK. payments Future plans include extending these features to third-party wallets, ultimately transforming Oobit into a non-custodial application. This collaboration allows Oobit to further enrich its payment ecosystem by incorporating VET as the sixth token in its portfolio alongside the five it currently supports.

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Alisa, a passionate journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast potential of Web3. With a sharp eye for emerging trends and technologies, she offers in-depth insights to keep readers informed and engaged in the ever-changing digital finance landscape. cryptocurrency payments Blum Celebrates Its One-Year Anniversary with Awards for ‘Best GameFi App’ and ‘Best Trading App’ at the Blockchain Forum 2025