Oobit, a leading mobile payment app, is pleased to announce its integration with the TRON blockchain. This integration empowers users by allowing them to transact TRON-based cryptocurrencies through convenient tap payments at over 100 million retailers worldwide, enhancing the practicality and accessibility of digital assets in everyday transactions.
Oobit bridges the gap between cryptocurrencies and traditional commerce. Consumers can pay with their crypto, and merchants receive fiat money, similar to the ease of Apple Pay®. While the user experience remains simple and intuitive, complex processes and real-time transactions occur behind the scenes to ensure seamless operation with the Tap & Pay solution.
TRON is a decentralized open-source blockchain protocol with over 247 million accounts on its network. It hosts the largest circulating supply of USD Tether (USDT) stablecoin globally, exceeding $60 billion. Oobit's innovative Tap & Pay feature will now support TRON-based cryptocurrencies, including TRX (not available to U.S. persons) and TRC-20 USDT. Users will be able to make instant tap payments at existing Visa and Mastercard merchants, with TRON-based crypto seamlessly converted to fiat currency in real-time.
Amram Adar, CEO of Oobit, said, "The integration with the TRON blockchain represents a significant step towards making cryptocurrency a practical payment method. By integrating TRON-based cryptocurrencies into our Tap & Pay solution, we are facilitating a seamless and secure payment experience for TRON's extensive user base".
Dave Uhryniak, Leader of Ecosystem Development at TRON DAO, commented, "Integrating with Oobit aligns perfectly with the DAO's goal of enhancing the real-world utility of TRON-based cryptocurrencies. This integration is another significant step in the effort to improve broader adoption and accessibility of digital assets".
By enabling seamless tap payments for TRON-based cryptocurrencies on Oobit, this integration promotes the broader adoption of digital assets in everyday transactions.
About Oobit
Oobit is a leading mobile payment app that offers a seamless way to pay with crypto both in-store and globally. Users can enjoy a crypto Tap & Pay experience as convenient and smooth as Apple Pay, utilizing existing Visa / Mastercard point-of-sale systems while ensuring merchants receive fiat currency. Since 2017, Oobit has been spearheading the mass adoption of cryptocurrencies as a means of payment for goods and services. The app is designed to provide a secure, practical, and user-friendly solution for individuals to effortlessly utilize their crypto in everyday transactions.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2024, it has over 247 million total user accounts on the blockchain, more than 8 billion total transactions, and over $22 billion in total value locked (TVL), as reported on TRONSCAN.
In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralisation in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
TRONNetwork | TRONDAO | Twitter | YouTube | Telegram