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What Is Oobit (OBT)?
Oobit is the easy way to pay with crypto at any store, and worldwide. Its the app where crypto holders can send money abroad or just walk into any store Tap & Pay anywhere Visa and Mastercard are accepted, just like using Apple Pay®.
Tap & Pay – Oobit offers a groundbreaking contactless payment solution, allowing payment with crypto using the Oobit app at any one of the 100M+ businesses globally that accept Visa or MasterCard. No integration is needed on the business side, no market education, the user pays with crypto and the merchant receives fiat money.
P2P payments – Oobit allows its users to send crypto locally or abroad, just by having their phone number as the coordinates for the destination wallet. This cross-border remittance service is highly disruptive as it is instant and it is offered to users free of charge.
Oobit Layer 2 - Oobit is developing a set of tools to make its Tap & Pay product into THE gateway for Web3 spending, by allowing external third party crypto wallets to easily connect with the Oobit app. Allowing users to have their funds in self custody, while making it available for spending anywhere Visa and Mastercard are accepted, with the very same effortless and contactless experience.
The only product that solves the full cycle of customer pain.
Who Are the Founders of Oobit?
Moshe guides the Board of Directors and collaborates with the CEO on strategic initiatives such as growth planning, acquisitions, and investments. A seasoned private equity and venture capital investor, he is a founding partner of Shefa Capital and serves on the boards of several public and private companies, like Cross River Bank, SolarEdge, Innoviz, and more.
Amram, the Co-founder of Oobit, leverages his experience from the Israeli Navy Seals to drive the company's business strategy and maintain a culture of innovation. Passionate about the web3 payments revolution, he has been active in the cryptocurrency sector since 2016, focusing on the development of borderless and limitless payments.
Aharon Miller, Oobits Co-founder and COO is a blockchain evangelist, financial technology entrepreneur, and early crypto adopter. With a background in the tech division, in the past he founded a groundbreaking company specializing in ESP technologies as a service. Aharon's passion for blockchain and crypto in 2015 led him to establish his first blockchain company in 2017. Currently serving as the Co-Founder & COO of Oobit, a blockchain and cryptocurrency payment app, Aharon is dedicated to simplifying daily crypto usage for individuals.
Phillip Lord, Oobit's President and a highly experienced professional with over 25 years of expertise in business development, fundraising, and strategic leadership. He is also a co-founder of Pimlico Partners, a distinguished boutique advisory firm located in Dubai. Phillip brings a wealth of knowledge in dealing with entrepreneurs, funding capital and managing investor relationships. He possesses extensive proficiency in crypto markets, encompassing coin/token issuance and both centralized and decentralized exchanges. Additionally, Phillip has advised numerous web3 companies in navigating both bull and bear markets. His exceptional leadership and sound judgment have consistently yielded successful outcomes for the companies he collaborates with.
Eric Song, Oobit's CED is an experienced equities and futures trader with over 20 years of experience. After starting his career in proprietary trading firms and global macro strategies, he confidently progressed to manage a substantial portfolio in a billion-dollar hedge fund with a global macro strategy, Asia Genesis Asset Management.
What Makes OBT Unique?
Utility for a new generation of payments.
The native cryptocurrency of Oobit is the OBT token. It is the core foundation that drives and rewards Oobit's growing community and ecosystem. The OBT token is used for transaction fees and payments.
OBT rewards
With Oobit's Tap & Pay solution, users can earn XXX OBT for each transaction valued over 1 USD made through the Oobit app. For example, for every 200 USD spent on the app, you will receive 1 OBT.
2x Monthly Spend Bonus
Oobit will track the total USD dollar amount of purchases made by users through the Tap & Pay each calendar month. When a user's eligible purchases reach a total of $1,000 within that calendar month, they will receive X2 OBT on their next $4,000 of eligible purchases made during the same month.
Boosts
In the Oobit App, users will have the opportunity to utilize 'Boosts' for specific transactions from time to time. These 'Boosts' offer a higher rate of earning OBT when using particular currencies for transactions or engaging in other purchases and account activities. Please note that 'Boosts' may have limitations, such as being available for a limited number of uses, a restricted time period, or both. Additionally, Oobit reserves the right to add, remove, or modify 'Boosts' in the Oobit App, with or without prior notice.
OBT portfolio builder
The OBT portfolio builder allows users to earn rewards in multiple cryptocurrencies by holding OBT and participating in the program. By doing so, users can cultivate a diverse crypto portfolio. Rewards are earned when other users make purchases using Oobit's Tap & Pay, and these rewards are paid out in the native currencies of the transactions processed through the app.
How Is the Oobit Network Secured?
The OBT token contract is deployed on Ethereum Mainnet [ERC-20]. The Oobit app also functions as a secure MPC and Cold wallet backed by Fireblocks.
Answers
What Is Oobit (OBT)?
Oobit is a convenient way to pay with cryptocurrency at any store worldwide. It is an app that allows crypto holders to send money abroad or make payments at any store using Tap & Pay, just like using Apple Pay®. Oobit offers a groundbreaking contactless payment solution, enabling payment with crypto at any of the 100M+ businesses globally that accept Visa or MasterCard. Users can also send crypto locally or abroad using their phone number as the destination wallet coordinates. Oobit is developing tools to make its Tap & Pay product the gateway for Web3 spending by allowing external third-party crypto wallets to connect with the app. Oobit solves the full cycle of customer pain by providing a comprehensive solution for crypto payments.
Who Are the Founders of Oobit?
Oobit has a team of experienced founders. Moshe, a seasoned private equity and venture capital investor, guides the Board of Directors and collaborates on strategic initiatives. Amram, leveraging his experience from the Israeli Navy Seals, drives the company's business strategy. Aharon Miller, a blockchain evangelist and financial technology entrepreneur, is passionate about simplifying daily crypto usage. Phillip Lord, with over 25 years of expertise in business development and strategic leadership, is highly experienced in crypto markets. Eric Song, an experienced equities and futures trader, brings over 20 years of experience to the team.
What Makes OBT Unique?
OBT is the native cryptocurrency of Oobit, serving as the core foundation for the community and ecosystem. It is used for transaction fees and payments. Users can earn OBT rewards through Oobit's Tap & Pay solution. Additionally, Oobit offers a 2x Monthly Spend Bonus, 'Boosts' for higher OBT earning rates, and an OBT portfolio builder that allows users to earn rewards in multiple cryptocurrencies by holding OBT and participating in the program.
How Is the Oobit Network Secured?
The OBT token contract is deployed on Ethereum Mainnet [ERC-20]. The Oobit app functions as a secure MPC (Multi-Party Computation) and Cold wallet backed by Fireblocks, ensuring the security of the network.
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