By Blockchain News | Created at 2024-11-14 05:59:20 | Updated at 2024-11-22 02:22:32
1 week ago
Iris Coleman Nov 14, 2024 05:42
Tezos users can now make purchases at Visa and Mastercard terminals worldwide with Oobit's Tap & Pay feature, enhancing cryptocurrency's role in mainstream finance.
The recent integration of Tezos (XTZ) with Oobit's Tap & Pay feature marks a significant step forward in the adoption of cryptocurrency for everyday transactions. This development allows Tezos users to utilize their digital assets at Visa and Mastercard terminals worldwide, according to Tezos.
Oobit's Tap & Pay Integration
Launched in collaboration with the Tezos Foundation, Oobit's Tap & Pay functionality has enabled seamless cryptocurrency payments for a range of purchases, from daily necessities to luxury items. This feature, which debuted in August, is part of Oobit's strategy to integrate cryptocurrencies into mainstream finance.
The introduction of the Tap & Pay feature coincided with the release of Oobit's iOS app, expanding access to iPhone users and providing a comprehensive crypto payment experience. The feature has seen considerable interest since its launch, reflecting a growing appetite for cryptocurrency solutions in daily financial transactions.
Why Tezos?
Tezos was chosen for its robust security, community-driven governance, and adaptability. The open-source blockchain platform is supported by a global network of developers and is known for its self-amending technology, which minimizes the risk of hard forks. This, combined with its secure smart contracts, makes Tezos a reliable choice for real-world applications like Tap & Pay.
Enhancing Crypto Payment Practicality
The integration of Tezos with Oobit's Tap & Pay is set to increase the adoption of digital assets by enabling practical use in everyday scenarios. Users can now deposit and withdraw funds via Oobit's platform, benefiting from Tezos' fast, secure, and cost-effective transactions. This enhancement is expected to improve user experience and foster broader cryptocurrency adoption.
Siddharth Singhal, Head of Business Development at Trilitech, highlighted the significance of this development, stating that the integration simplifies the user experience and advances innovation within the decentralized ecosystem.
Broader Cryptocurrency Reach
Amram Adar, Co-Founder and CEO of Oobit, emphasized the importance of including Tezos in their platform, describing it as a major step in making cryptocurrency more accessible. The Tap & Pay feature is available on both Android and iOS within the EU, with plans to expand into Asia and Latin America.
To encourage usage, new verified Oobit users can receive a $10 welcome bonus on their first tap transaction, further demonstrating the practical benefits of cryptocurrency in everyday life.
Image source: Shutterstock
