The post Oobit adds Phantom wallet support, connecting Solana to Visa appeared on BitcoinEthereumNews.com. Tether-backed mobile payments application Oobit announcedThe post Oobit adds Phantom wallet support, connecting Solana to Visa appeared on BitcoinEthereumNews.com. Tether-backed mobile payments application Oobit announced

Oobit adds Phantom wallet support, connecting Solana to Visa

Tether-backed mobile payments application Oobit announced native support for Phantom, a leading wallet in the Solana ecosystem.

Summary

  • Oobit has added native support for Phantom, a leading wallet in the Solana ecosystem, enabling Solana-based assets to be spent at over 80 million Visa-accepting merchants worldwide.
  • Using Oobit’s DePay solution, users can make one-tap contactless payments directly from their Phantom wallet without intermediaries, retaining full control of their funds.
  • Oobit converts supported Solana assets into fiat currency at checkout, while merchants receive fiat payments.

According to ETH News, the integration connects Solana-based assets to Visa’s global payment infrastructure, enabling cryptocurrency transactions at retail locations. The update allows Phantom users to spend digital assets at more than 80 million merchants worldwide that accept Visa, the company said.

The integration utilizes Oobit’s DePay solution, which enables one-tap “Tap & Pay” transactions using contactless payment technology. Transactions settle directly from the user’s wallet without intermediaries at the point of purchase, according to the announcement.

Users retain control of funds in their non-custodial Phantom wallet until a transaction is executed, with no requirement to transfer balances to a centralized exchange or custodial account. At checkout, Oobit automatically converts supported Solana assets, including native tokens and stablecoins, into local fiat currency. Merchants receive fiat settlement, while users transact with cryptocurrency balances.

Oobit’s platform already supports several major non-custodial wallets, including MetaMask, Trust Wallet, and Coinbase Wallet. The Phantom integration provides access to one of the most active user bases in the cryptocurrency sector, particularly within the Solana ecosystem.

The Phantom rollout follows Oobit’s international expansion in late 2025. The company recently launched services in the United States through a partnership with Bakkt and expanded operations in Brazil, according to previous announcements.

The integration represents efforts to connect blockchain networks with established payment infrastructure for retail transactions.

Source: https://crypto.news/oobit-phantom-wallet-support-connecting-solana-visa/

Piyasa Fırsatı
Ambire Wallet Logosu
Ambire Wallet Fiyatı(WALLET)
$0.00858
$0.00858$0.00858
-10.25%
USD
Ambire Wallet (WALLET) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Paylaş
BitcoinEthereumNews2025/09/18 01:55
XRPL Validator Reveals Why He Just Vetoed New Amendment

XRPL Validator Reveals Why He Just Vetoed New Amendment

Vet has explained that he has decided to veto the Token Escrow amendment to prevent breaking things
Paylaş
Coinstats2025/09/18 00:28
MakinaFi suffered an attack that resulted in the loss of approximately 1299 ETH, with some funds being preemptively processed by MEV.

MakinaFi suffered an attack that resulted in the loss of approximately 1299 ETH, with some funds being preemptively processed by MEV.

PANews reported on January 20th that, according to PeckShieldAlert, the MakinaFi platform was attacked, with hackers stealing approximately 1,299 ETH, worth about
Paylaş
PANews2026/01/20 12:32