OOBIT PriceOOB

What is Oobit (OOB)?

Oobit (OOB) is the native token of Oobit, a crypto payment platform that allows users to spend digital assets for everyday purchases at merchants accepting Visa and Mastercard. The project connects self-custody wallets such as MetaMask, Trust Wallet, and Phantom to real-world payment networks, enabling contactless "Tap and Pay" transactions directly from crypto holdings. Oobit's technology emphasizes rapid settlement, with transactions processed within one to three seconds, and supports micropayments above $0.01. The OOB token operates on the Solana ecosystem and has a maximum supply of 1 billion tokens. Oobit the company was founded in 2017; the OOB token launched on Solana in November 2025. Headquartered in Singapore, Oobit launched its mobile application in April 2022 and has since expanded into the United States, Brazil, Argentina, and the UAE.

Key Specifications & Tokenomics

• Name: Oobit
• Token Ticker: OOB
• Blockchain / Ecosystem: Solana Ecosystem
• Category: Crypto Payment Platform / Payment Token
• Max Supply: 1,000,000,000 OOB
• Total Supply: 1,000,000,000 OOB
• Circulating Supply: 0 OOB (per CoinMarketCap registry)
• Contract Address (Solana): oobQ3oX6ubRYMNMahG7VSCe8Z73uaQbAWFn6f22XTgo (explorer: solscan.io)
• Company: Oobit Technologies Pte. Ltd / Oobit Technologies Ltd.
• Founded: 2017
• Headquarters: Singapore
• Official Website: https://www.oobit.com/

Market capitalization and holder count are shown live on the token's market data page.

Who created Oobit?

Oobit was co-founded in 2017 by Amram Adar, who serves as CEO, and Aharon Miller, who serves as COO. Eric Song, also referenced as Song Yann Yunn, serves as CFO and co-founder. The core team includes Vladimir Shakurov as CTO, Justinas Basalykas as General Manager, and Moshe Schlisser and Martin Peter Baumann as team members. Rei Luz leads the marketing team, and Dan Stern serves as Head of Ecosystem Success. Two-time World Surf Champion Filipe Toledo serves as Global Oobit Ambassador. The project has received endorsements from Paolo Ardoino, CEO of Tether, Joseph Abehsera, Roger Ver of Bitcoin.com, and Sarah Nabaa of the VeChain Foundation. In February 2024, Oobit announced a $25 million Series A funding round led by Tether and CMCC Global, with participation from Solana co-founder Anatoly Yakovenko and 468 Capital.

How does Oobit work?

Oobit operates as a bridge between self-custody crypto wallets and traditional payment rails. Users connect their existing wallets, such as MetaMask, Trust Wallet, or Phantom, to the Oobit app. When making a purchase, the user taps their phone at any Visa point-of-sale terminal, and Oobit processes the transaction by converting the selected cryptocurrency into fiat for the merchant within seconds. Oobit supports spending BTC, ETH, USDT, XRP, Bitcoin Cash, VET, and other listed assets. Payments can also be sent directly to a mobile number or phone contact rather than a wallet address, reducing errors in cross-chain transfers. Oobit integrates built-in fiat on- and off-ramps, allowing users to buy crypto via credit card or bank transfer. Security infrastructure includes MPC wallet technology through partnerships with Fireblocks and GK8, asset insurance through Aon, KYC services by Sumsub, and chain analysis by Elliptic for regulatory compliance. Oobit describes an OBN network feature for fee-free transfers of crypto assets, and cross-border payments are supported across more than 100 countries.

What makes Oobit unique and valuable?

Oobit distinguishes itself through a non-custodial crypto card model that allows users to retain control of their assets while spending them at over 175 million merchants globally. The platform's Tap and Pay feature enables contactless payments at any Visa terminal without requiring users to manually convert crypto to fiat beforehand. Oobit's payment addressing system, which routes transactions via mobile numbers rather than wallet addresses, simplifies the user experience. Routing payments via mobile numbers can reduce address-entry errors, but it does not eliminate the risk of sending funds to the wrong recipient or losing access to a wallet. The project's partnership with Bakkt Financial Solutions I, LLC for US cryptocurrency services provides a regulated framework for American users. Oobit's loyalty program offers up to 10% cashback in OOB tokens on every payment, creating a direct utility and demand driver for the token. Rewards are paid in OOB and are capped at up to 10% per eligible payment; the value of OOB rewards fluctuates with market prices and is not guaranteed. Oobit also offers AI Payments, which lets users connect Oobit to an AI assistant so it can pay with stablecoins while the user stays in control. The platform's focus on financial inclusion, targeting the over two billion financially underserved individuals globally, positions it within the broader movement to make stablecoins and digital assets function as everyday money.

What is Oobit used for?

The OOB token serves as the native cryptocurrency of the Oobit ecosystem and is primarily earned through the platform's Loyalty Program. Users receive OOB as cashback rewards on eligible payments, with rates reaching up to 10% per transaction. Once earned, OOB can be spent anywhere Oobit is accepted, functioning as a medium of exchange within the payment platform. The token also supports the broader Oobit payment infrastructure, which includes spending Bitcoin, Ethereum, USDT, Solana, and other stablecoins at merchants, sending digital dollars to over 100 countries, paying via QR codes, and withdrawing cash from ATMs. For businesses, Oobit provides enterprise solutions including corporate cards, treasury services, expense management, and transaction invoicing. The OOB token thus facilitates a circular economy where usage generates rewards that can be reinvested into further transactions.

How Is the Oobit ecosystem developing?

Oobit has expanded significantly since its founding in 2017. The mobile application launched in April 2022, supporting over 40 cryptocurrencies. The $25 million Series A in February 2024, led by Tether and CMCC Global, accelerated expansion plans. US cryptocurrency services are provided in partnership with Bakkt Financial Solutions I, LLC, which is registered with FinCEN as a Money Services Business and holds state money transmitter licenses. Oobit lists send-money support for the USA, Brazil, Argentina, and the UAE, and states that cross-border payments are supported across more than 100 countries. Oobit for Business offers enterprise-grade tools including corporate cards and expense management. The app is available on iOS and Android, with recent updates focusing on visual refresh and performance improvements. The ecosystem continues to develop through partnerships, geographic expansion, and the integration of additional payment methods such as QR codes, bank payments, mobile money, and e-wallets.

How to mine Oobit?

OOB is not mined through proof-of-work or proof-of-stake consensus. The token operates on the Solana blockchain, which uses a proof-of-stake consensus mechanism, but OOB itself is not obtained through mining or staking rewards. Instead, users earn OOB tokens through Oobit's Loyalty Program by making eligible payments with the Oobit app. When users tap to pay or complete transactions, they receive cashback in OOB, with rewards of up to 10%. OOB is not mined or staked for rewards; it is distributed through Oobit's Loyalty Program as cashback on eligible payments, so token issuance is tied to platform usage rather than computational work or staked capital.

How to keep your Oobit Coin safe?

Securing OOB tokens requires attention to both wallet hygiene and platform security practices. Because Oobit supports self-custody wallets such as MetaMask, Trust Wallet, and Phantom, users should store their private keys and seed phrases offline in a secure location and never share them. Hardware wallets provide an additional layer of protection for larger holdings. When using the Oobit app, enable all available security features, including biometric authentication and transaction confirmations. Oobit's infrastructure includes MPC wallet technology through Fireblocks and GK8, asset insurance through Aon, and KYC/AML compliance monitored by Sumsub and Elliptic, but these measures protect the platform, not individual user wallets. Because Oobit supports self-custody wallets, users are solely responsible for safeguarding private keys and seed phrases; losing them can result in permanent loss of funds, and platform-level protections do not cover self-custody wallets. Users should remain cautious of phishing attempts, verify official Oobit communication channels, and avoid connecting wallets to unverified third-party applications. For US users, services are provided in partnership with Bakkt Financial Solutions I, LLC, which holds state money transmitter licenses and is registered with FinCEN as a Money Services Business.