ChainCatcher report, according to The Block, Tether-backed crypto payment app Oobit has announced it now enables wallet-to-bank transfers to “any bank account worldwide” through a partnership with routing infrastructure provider DTR. When users send crypto assets, they can view in real time the amount of crypto leaving their wallet and the exact fiat amount arriving at the recipient’s bank account, with no hidden exchange rates or surprise fees—transactions settle within seconds via local payment rails. Initial support includes European SEPA, U.S. ACH, and Mexican SPEI payment channels. Fiat-side support includes USD, EUR, MXN, and PHP; crypto-side support includes BTC, ETH, USDT, XRP, BCH, LTC, DOGE, TRX, USDC, ADA, BNB, SOL, XLM, XTZ, SHIB, TON, XAUT, AVAX, BONK, TRUMP, USDR, EURR, KAIA, EURC, and more markets will be added progressively. This solution allows Oobit transfers to bypass the cross-border correspondent banking system.
Oobit, a Tether-backed crypto payment app, launches global bank transfer feature
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Summary
Oobit, a Tether-backed crypto payment app, has launched a global bank transfer feature in alignment with evolving global crypto regulations. Through a partnership with DTR, users can now send crypto assets directly to any bank account worldwide. The service provides real-time visibility, no hidden fees, and local payment channel settlements. It supports SEPA, ACH, and SPEI, with fiat options including USD, EUR, MXN, and PHP. On the crypto side, BTC, ETH, USDT, and XRP are supported. This on-chain development marks a shift away from traditional cross-border banking systems.
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