Oobit, a crypto payment app powered by Tether, unlocks global bank transfer functionality.

PANews reported on February 24th that, according to The Block, Oobit, a Tether-backed crypto payment app, announced a partnership with routing infrastructure provider DTR to enable wallet transfers to "any bank account globally." Users can view the amount of crypto assets leaving their wallet and the amount arriving in the recipient's bank account in real time when sending crypto assets. There are no hidden exchange fees or unexpected charges, and transactions are settled within seconds via local payment channels.

Initially, it supports European SEPA, US ACH, and Mexican SPEI payment channels. On the fiat currency side, it supports USD, EUR, Mexican Peso, and Philippine Peso. On the crypto side, it supports BTC, ETH, USDT, XRP, BCH, LTC, DOGE, TRX, USDC, ADA, BNB, SOL, XLM, XTZ, SHIB, TON, XAUT, AVAX, BONK, Trump, USDR, EURR, KAIA, and EURC, with more markets to be added gradually. This solution allows Oobit transfers to bypass cross-border correspondent banking systems.