Oobit, a leading provider of cryptocurrency payment solutions, has announced its integration with Fireblocks, a platform that facilitates the creation and management of blockchain-based products. This collaboration is a significant milestone for both companies as they prepare to launch Oobit’s Crypto Tap-to-Pay feature in Europe and the UK this summer.

Oobit’s goal is to bridge the gap between cryptocurrency and traditional finance, making it easier for individuals to adopt crypto in their everyday lives. By integrating with Fireblocks, Oobit gains access to a vast network of partners, protocols, banks, and ecosystems.

The CEO of Oobit, Amram Adar, stated that the integration with Fireblocks not only opens doors for potential collaborations, but also expedites the setup process with new partners. Since Fireblocks is already integrated with major players in the market, Oobit can seamlessly connect with these entities, eliminating the need for extensive integration efforts from scratch.

Fireblocks, known for its secure infrastructure for moving, storing, and issuing digital assets, has established itself as a trusted platform in the industry. With partnerships and integrations spanning across major players, Fireblocks has earned the confidence of over 1,800 financial institutions, facilitating the transfer of over $4 trillion in digital assets to date.

Oobit is a mobile payments app that provides a seamless crypto payment experience, similar to Apple Pay but with cryptocurrency. Users can conveniently make crypto payments anytime and anywhere by utilizing existing VISA/Mastercard POS terminals. Additionally, Oobit enables merchants to receive payments in their local fiat currency, reducing the risks typically associated with crypto transactions. The app will be launching this summer, allowing European and UK Passport holders to use it for in-store transactions globally. Oobit’s strategic presence in Lithuania positions it well to offer its services throughout the European Economic Area (EEA) and beyond.

The collaboration between Oobit and Fireblocks is expected to bring forth new opportunities and improved services for cryptocurrency users, further promoting the mainstream adoption and integration of digital assets.