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Alex Obchakevich
July 19, 2026
•
5
min read
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The story is familiar to many. You order a crypto card, wait weeks for the plastic, go through verification yet again - only to discover the program doesn't operate in your country, conversion eats into your funds through spreads, and to pay at all, you need to keep a fiat balance topped up in advance.
These aren't isolated flaws of individual products.
They're consequences of the model itself. The numbers confirm the scale of the problem: only 10% of merchants worldwide accept cryptocurrency directly, and direct crypto payments account for just 0.19% of global transaction value. Building a crypto acceptance network from scratch is a dead end.
The classic crypto debit card isn't really a crypto product. It's a fiat card with a crypto facade: assets are sold in advance or at the moment of top-up, you're effectively spending fiat, and "crypto" survives only in the name.
Oobit split the equation in two. What works, it kept: Tap & Pay is built on Visa rails, where 79% of all face-to-face transactions worldwide are already contactless. That's tens of millions of terminals - an acceptance infrastructure that doesn't need to be built, because it already exists. The same virtual card also pays online. What doesn't work, it is removed: the plastic, the shipping wait, the fiat balances.
Your phone is the payment instrument - and that's already the norm, not futurism: payment apps are growing 135% faster than overall POS payments. You hold your phone to any contactless terminal and pay directly from your crypto balance. Conversion happens at the moment of payment: the merchant receives an ordinary Visa transaction, and you keep your assets in crypto until the very last second.
Oobit's own data shows this works as money, not speculation: transaction counts grew 2.7x with almost no correlation to the bitcoin price.
Paying with crypto should be as simple as paying with your phone. Now it's the same thing.
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Oobit provides technology that enables users to spend digital assets through existing payment networks. Services are subject to regional availability and regulatory requirements. Oobit operates through multiple entities globally. Certain features may be provided by licensed partners depending on your location.
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