Oobit Advances Real-World Crypto Payments with Support for Phantom Wallet

Oobit, the Tether-backed mobile payments app, has added support for Phantom wallet, enabling everyday crypto payments for over 15 million users. The integration expands the company’s multi-wallet support ecosystem, bridging the gap between crypto and consumer spending.

The integration allows Phantom users to make real-world crypto payments directly from their wallet at any merchant that accepts Visa.

Despite blockchains becoming faster and more user-friendly, in-person spending remained out of reach for most users. Oobit is rapidly closing that gap by integrating its decentralized payments layer, DePay, with multiple non-custodial wallets.

DePay is bringing crypto to real-world everyday use cases

DePay is powering Oobit’s global expansion strategy through partnerships and integrations. The decentralized payments layer uses a smart contract layer to execute just-in-time (JIT) token transfers and atomic swaps upon authorization.

Users pay in crypto directly from their non-custodial wallets, with no pre-transfers, no bridging, and no intermediaries, while merchants receive fiat currency. The blockchain-based payments layer supports ERC-20, TRC-20, BSC, Solana, and Polygon networks.

Launched in October last year, DePay has since been deployed in strategic economic zones, including Brazil (Latin America), Thailand (Southeast Asia), and the United States (North America) through its partnership with Bakkt.

It also recently debuted in South Africa, a leading crypto and fintech hub in Africa.

Phantom Wallet users can pay with crypto at over 100 million merchants

By integrating DePay, Phantom Wallet users will be able to pay with crypto directly at over 100 million merchants worldwide that accept Visa.

Phantom is one of the leading non-custodial wallet providers, with the most active user bases in countries such as South Korea, Brazil, Thailand, and the United States. With Oobit now launched in these countries, the collaboration aligns well with both companies’ goals.

Stablecoins are also increasingly used as a payment method in these countries, rather than solely as a store of value.

“As longtime fans of Phantom, seeing this wallet become real money for everyday life is incredibly exciting. This is the moment crypto leaves the screen and enters daily use,” said Oobit Co-founder and CEO Amram Adar. With Phantom Wallet now enabled through DePay, millions of users can pay online and in-store anywhere Visa is accepted, directly from their own wallet.