We are excited to announce that we have secured a $25M investment in Series A Led by 

 and CMCC Global, backed by Solana Co-Founder Anatoly Yakovenko and 468 Capital.

Oobit's (OBT) solution is here to serve over 800 million crypto holders that can now pay with crypto assets anywhere. 

We are excited to announce that we have secured a $25M investment in Series A Led by Tether.io  and CMCC Global, backed by Solana Co-Founder Anatoly Yakovenko and 468 Capital.   Read the full story on CoinDesk 👇 https://lnkd.in/dEWQzjMR

## What Is Oobit (OBT)?
Oobit is the easy way to pay with crypto at any store, and worldwide. It’s 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, Oobit's Chairman 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, Oobit's Co-founder, 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, Oobit’s 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 CFO 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.

OBT is the engine which powers Oobit, offering a set of features designed to make payment easier and more valuable for all, whether you're new to cryptocurrencies or an experienced investor.

OBT Portfolio Builder: Diversify Your Crypto Holdings

The OBT portfolio builder enables users who hold the requisite amount to join the program and earn a diverse rewards portfolio of cryptocurrencies. These rewards are acquired whenever other users utilize Oobit's Tap & Pay feature for purchases, and they are distributed in the native currencies (BTC, ETH, USDT etc.) of the transactions conducted within the app.

Reduced Transaction Fees: Save on Each Tap

OBT token holders enjoy significantly lower transaction fees when using the app for payments.

OBT Cashbacks 

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.

## 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.