Orbiter Finance price prediction

Founded in 2017, Oobit was created by a team led by Moshe Schlisser and others aiming to merge crypto and everyday payments under one roof. The purpose behind Oobit is to simplify crypto-to-fiat and global payments, letting users spend crypto in physical stores, online, or send money abroad with minimal friction. Its innovativeness lies in integrating stablecoins like USDT with a payments card/app ecosystem, backed by major issuer Tether and layered security (MPC wallets, cold-storage) to support thousands of merchants globally. Notably the company secured a $25 million Series A funding round led by Tether in early 2024, underscoring its ambition to scale crypto payments.

Most recent news about Oobit

• Oobit raised US$25 million in a Series A round led by Tether, signalling strategic backing for its payments mission.
• Oobit listed on CoinMarketCap and CoinGecko as OBT with supply of 1 billion tokens and live market cap around US$22–23 million.
• Audit by Hacken revealed Oobit operates on Ethereum (ERC-20) and reports active usage across ~30 markets.
• Oobit app claims 4.8★ (21 k reviews) on App Store and supports Tap & Pay with USDT & other crypto via card partnerships.
• Trading volume remains thin: ~US$90–130 k per day for OBT, market cap ~US$20–23 m, showing limited liquidity.

Tokenomics of Oobit (OBT)

OBT is the crucial part of Oobit ecosystem. The token is built as an ERC-20 token on Ethereum (with other chain compatibility), issued by Oobit to power its payments ecosystem. It serves to reduce fees, reward users (e.g., staking, referral programmes) and drive platform growth—users may receive discounts, perks or access via holding OBT. Oobit’s total supply and circulating supply are both reported as 1,000,000,000 OBT tokens.

Key features of Oobit (OBT)

• Payments in real-world stores — Oobit card/app enables crypto spend at Visa-accepting merchants worldwide.
• Backed by major stablecoin issuer — Strategic investment by Tether gives Oobit credibility and signal of payments-focus.
• Discounts & perks for token-holders — Holding OBT can yield fee reductions, staking or loyalty benefits, incentivising ecosystem engagement.
• Designed for global payments and remittance — Focus on crypto-to-fiat conversions, low-cost transfers and servicing the unbanked.

These features make OBT a utility token for a payments-platform rather than purely speculative coin.

Partnerships and collaborations

Oobit’s ecosystem partnerships include collaboration with Visa®-type payments infrastructure, vendor POS integration worldwide and stablecoin support via Tether’s backing. The Oobit app itself supports wallets, card issuing and payment rails that connect with mainstream financial services. While not every partnership is deeply publicised, its emphasis on global payments and crypto-fiat bridges positions it in a niche between fintech and crypto.