The post Oobit adds Phantom wallet support, connecting Solana to Visa appeared on BitcoinEthereumNews.com. Tether-backed mobile payments application Oobit announcedThe post Oobit adds Phantom wallet support, connecting Solana to Visa appeared on BitcoinEthereumNews.com. Tether-backed mobile payments application Oobit announced

Oobit adds Phantom wallet support, connecting Solana to Visa

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Tether-backed mobile payments application Oobit announced native support for Phantom, a leading wallet in the Solana ecosystem.

Summary

  • Oobit has added native support for Phantom, a leading wallet in the Solana ecosystem, enabling Solana-based assets to be spent at over 80 million Visa-accepting merchants worldwide.
  • Using Oobit’s DePay solution, users can make one-tap contactless payments directly from their Phantom wallet without intermediaries, retaining full control of their funds.
  • Oobit converts supported Solana assets into fiat currency at checkout, while merchants receive fiat payments.

According to ETH News, the integration connects Solana-based assets to Visa’s global payment infrastructure, enabling cryptocurrency transactions at retail locations. The update allows Phantom users to spend digital assets at more than 80 million merchants worldwide that accept Visa, the company said.

The integration utilizes Oobit’s DePay solution, which enables one-tap “Tap & Pay” transactions using contactless payment technology. Transactions settle directly from the user’s wallet without intermediaries at the point of purchase, according to the announcement.

Users retain control of funds in their non-custodial Phantom wallet until a transaction is executed, with no requirement to transfer balances to a centralized exchange or custodial account. At checkout, Oobit automatically converts supported Solana assets, including native tokens and stablecoins, into local fiat currency. Merchants receive fiat settlement, while users transact with cryptocurrency balances.

Oobit’s platform already supports several major non-custodial wallets, including MetaMask, Trust Wallet, and Coinbase Wallet. The Phantom integration provides access to one of the most active user bases in the cryptocurrency sector, particularly within the Solana ecosystem.

The Phantom rollout follows Oobit’s international expansion in late 2025. The company recently launched services in the United States through a partnership with Bakkt and expanded operations in Brazil, according to previous announcements.

The integration represents efforts to connect blockchain networks with established payment infrastructure for retail transactions.

Source: https://crypto.news/oobit-phantom-wallet-support-connecting-solana-visa/

Market Opportunity
Ambire Wallet Logo
Ambire Wallet Price(WALLET)
$0.0097
$0.0097$0.0097
0.00%
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ripple’s XRP Millionaires are Back in Business as Market Pundits Cite Expected Price Target ⋆ ZyCrypto

Ripple’s XRP Millionaires are Back in Business as Market Pundits Cite Expected Price Target ⋆ ZyCrypto

The post Ripple’s XRP Millionaires are Back in Business as Market Pundits Cite Expected Price Target ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement
Share
BitcoinEthereumNews2026/03/14 22:41
Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Trading time: Tonight, the US GDP and the upcoming non-farm data will become the market focus. Institutions are bullish on BTC to $120,000 in the second quarter.

Daily market key data review and trend analysis, produced by PANews.
Share
PANews2025/04/30 13:50
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36