Oobit Launches Crypto Payments Platform in Colombia
Cointelegraph
Tether-backed crypto payments firm Oobit has expanded its non-custodial wallet platform into Colombia, its ninth market in Latin America.Summary
Oobit has officially launched its crypto payments platform in Colombia, marking its ninth market expansion in Latin America. The non-custodial platform allows users to spend digital assets directly from their wallets at over 150 million global merchants via a Visa-linked system, bypassing traditional bank off-ramps. Supported by Tether, Oobit reports significant activity in the region, with stablecoins like USDT representing the majority of transactions. This expansion aligns with broader trends in Latin America, where stablecoin adoption for everyday purchases—such as groceries and retail goods—is increasing rapidly compared to traditional investments like Bitcoin.
(Source：Cointelegraph)