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Oobit Expands Global Wallet Transfers with Fiat and Crypto Support

According to Oobit, its DTR integration enables instant crypto and fiat bank transfers without hidden fees, initially covering Europe, the U.S., and Mexico payment channels.

BTC
ETH
USDT

Summary

Oobit, backed by Tether, announced integration with DTR to facilitate crypto wallet transfers directly to global bank accounts. The service supports BTC, ETH, USDT, XRP, and over 20 other assets, alongside fiat payments, via SEPA in Europe, ACH in the U.S., and SPEI in Mexico. Transactions are designed to settle instantly without hidden fees, marking an expansion in Oobit’s cross-border payment capabilities.

Terms & Concepts
  • SEPA (Single Euro Payments Area): A payment integration initiative enabling fast and standardized euro transactions across participating European countries.
  • ACH (Automated Clearing House): A U.S.-based network for batch-processing electronic payments, including bank transfers and direct deposits.
  • SPEI (Interbank Electronic Payment System of Mexico): A real-time electronic payments system in Mexico enabling secure and immediate interbank transfers.