The mobile application for conducting crypto payments Oobit has successfully completed A series A of financing, raising a total of $25 million. This is reported by Coindesk, referring to representatives of the company.

According to the information provided by the project team, this round was led by the investment division of Tether, a well-known USDT stablecoin issuing company. In addition, funding also came from the Titan Fund CMCC Global and 468 Capital, as well as the co-founder of Solana, Anatoly Yakovenko.

Paolo Ardoino, CEO of Tether, highlighted the strategic importance of Tether's investment in Oobit, highlighting their shared commitment to facilitating the adoption of digital assets on a global scale.

Oobit is a mobile application for making crypto payments, which allows owners of cryptocurrencies to pay for goods and services in more than 100 million retail outlets around the world that accept Visa and Mastercard bank cards.

Amram Adar, co-founder and CEO of the project, noted the importance of this round of financing and stressed that the investments will help their team further advance in creating a convenient method of payment with digital assets anywhere in the world.

In addition, an Oobit representative announced important upcoming partnerships, the details of which will be presented in the coming months.

Earlier, we reported that the social application Orb attracted investments in the amount of $2.3 million.