Oobit is a crypto payments platform that connects self-custody wallets to everyday spending and bank payouts. In this context, DePay refers to a wallet-native settlement approach in which the user authorizes a payment directly from their wallet, and the system coordinates settlement without requiring the user to pre-fund an intermediary custodial balance.
Wallet-native settlement is designed to keep the payer’s funds in their own wallet until the moment of payment authorization. Instead of loading value onto a custodial account in advance, the payer connects a wallet, initiates a purchase, and approves a single signing request. That signature serves as the user’s instruction for the transaction, allowing settlement to proceed while preserving self-custody up to execution.
A typical DePay-style flow begins when a merchant payment is initiated (in-store or online) and the amount due is determined in local currency. The payer selects a supported crypto asset (often a stablecoin such as USDT or USDC) and receives a settlement preview showing the conversion rate and the resulting payout amount. After the payer signs, the settlement is executed on-chain as a single authorized payment event, with network-level details (such as gas handling) abstracted so the user experience resembles conventional card checkout.
Although the payer settles using crypto from a wallet, the merchant typically receives local currency through established payment rails. This separates the user-side asset (crypto) from the merchant-side receipt (fiat), while keeping the payment instruction tied to the user’s wallet signature. In practice, this structure can support point-of-sale acceptance through card-network infrastructure, with the settlement layer handling conversion and reconciliation between on-chain value transfer and off-chain merchant payout.
Wallet-native settlement systems commonly include compliance, risk, and transparency features around the signing event, because that moment is when funds move. Implementations may incorporate KYC where required, real-time transaction checks, and interfaces that expose fees, rates, and payout amounts before confirmation. They may also provide monitoring tools for connected wallets, such as alerts for risky approvals, to reduce operational and user security risks.
https://apps.apple.com/br/app/oobit-pay-with-crypto-card/id1598882898