stable coins
By Sakamoto Nashi
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Why Colombia Matters for Crypto Payments. Colombia isn't new to crypto. Trading volumes there have grown steadily, and local exchanges…
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Tether's Role and Regional Strategy. Tether's backing matters here. The stablecoin issuer has poured resources into payment…
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What Oobit Offers and What's Missing. Oobit's platform supports multiple cryptocurrencies, though it hasn't specified which ones will be…
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The crypto payments firm, which counts Tether among its backers, opened its platform to Colombian users this week.
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Oobit didn't say exactly when services go live or name any local partners yet. But the company made clear it sees Colombia as more than a test market—it's part of a broader push…
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Colombia isn't new to crypto. Trading volumes there have grown steadily, and local exchanges report thousands of new sign-ups each month.
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Latin America has become a hot zone for crypto companies. Economic instability, weak local currencies, and limited access to traditional banking have pushed millions toward…
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Oobit's expansion fits that landscape. The company wants to make crypto spending as simple as swiping a debit card.
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Tether's backing matters here. The stablecoin issuer has poured resources into payment infrastructure lately, and Oobit is one of its bigger bets.
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Read also: Farage Faces £5M Tether Donor Inquiry as Crypto Ties Draw Parliamentary Scrutiny
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Oobit hasn't disclosed how much funding it's received from Tether or what the terms look like.
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The company's broader strategy targets everyday transactions. Not trading. Not speculation. Just buying things. That's a harder sell than it sounds.
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The platform also promises low fees, which could be a selling point in a region where remittance costs and currency exchange spreads eat into people's money.
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More context: Stablecoin Rewards Battle Pits Crypto Firms Against Banks as CLARITY Act Hits 100+ Amendments
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But there are gaps. Oobit hasn't named any Colombian merchants yet. It hasn't said how many locations will accept payments at launch.
The Currency Analytics
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