Oobit has announced a groundbreaking solution, Plug and Pay, designed to make cryptocurrency spending seamless and accessible globally. This innovative embedded payment solution allows wallet providers to enable real-world crypto transactions through a single integration, revolutionizing how digital assets are used in everyday life.
What is Plug and Pay?
Plug and Pay eliminates the need for wallet providers to create a complicated payment infrastructure. By integrating Oobit’s solution, wallets can instantly offer crypto payments both in-store and online, with the same ease and reach as traditional payment methods. This means crypto can now be used anywhere Visa is accepted.
Key Features of Plug and Pay
- Streamlined Integration: Minimal coding is required, allowing wallets to launch quickly, from months to days.
- End-to-End Compliance: Oobit’s infrastructure manages KYC, AML, card issuing, settlement, and risk management.
- Custom Branding: Wallet providers retain full control over branding and user experiences, creating a unique offering.
- Global Reach: Supports users in over 100 countries with localized onboarding and payment flows.
- Compatibility with Major Payment Systems: Users can transact using popular systems like Apple Pay and Google Pay.
Transforming Digital Assets Into Everyday Currency
Plug and Pay allows users to spend their stored crypto as easily as fiat currency, removing the need to transfer assets between wallets or adopt complicated processes. With global Visa acceptance and a user-friendly interface, crypto is becoming viable for everyday purchases.
Benefits for Wallet Providers and Users
For wallet providers, Plug and Pay simplifies compliance and operational challenges, letting them focus on enhancing their products and growing user engagement. Users, on the other hand, enjoy the added utility of spending their crypto assets seamlessly in everyday scenarios. This breakthrough not only increases transaction convenience but also positions wallets to stay competitive as crypto adoption rises globally.
A Trusted Platform for the Future
Oobit’s fully regulated payment infrastructure ensures security and peace of mind for both wallet providers and their users. By embedding everyday spending functionality within wallet products, Plug and Pay paves the way for cryptocurrencies to become more practical and widely accepted in mainstream financial systems.
Recommended Product: Ledger Nano X
If you want to securely store your crypto assets before using them in real-world payments, consider the Ledger Nano X. This hardware wallet offers top-notch security for your digital wealth, making it an excellent companion to Plug and Pay-enabled wallets.
