Supported digital assets span Bitcoin, Ethereum, XRP, Solana, and Cardano, along with stablecoins including USDT, USDC, EURC, and EURR, as well as Dogecoin.
Crypto News
Oobit, a crypto payments application backed by Tether, has added crypto-to-bank transfer functionality that routes funds into bank accounts through domestic payment networks, extending the app’s capabilities beyond in-store spending and peer-to-peer transfers. The feature connects self-custody wallets directly to local banking rails without routing users through external off-ramp interfaces.
Supported payment networks include the Single Euro Payments Area (SEPA) in Europe, the Automated Clearing House (ACH) in the United States, and Mexico’s SPEI network. The settlement currencies cover U.S. dollars, euros, Mexican pesos, and Philippine pesos.
DTR recently entered into an agreement to be acquired by Bakkt, a U.S.-listed digital asset platform launched by the Intercontinental Exchange in 2018. Akshay Naheta, DTR founder and CEO of Bakkt, described infrastructure connecting digital asset platforms with traditional financial systems as “foundational to broader adoption.”
Amram Adar, co-founder and CEO of Oobit, said the company’s model differs from traditional off-ramp providers in both custody structure and user flow. “The end-user relationship, wallet custody and transaction experience remain entirely within Oobit,” Adar told Cointelegraph. User funds are held within Oobit’s wallet infrastructure until a bank transfer is initiated, at which point funds are debited and transferred to DTR strictly for payout execution.
Minimum transfer amounts range from approximately 10 euros ($11.70) to a $100 equivalent, depending on the corridor, with maximum limits reaching around $50,000. Oobit’s fee structure applies the greater of a fixed $1 charge or a 1% transaction fee, plus an estimated 0.5% spread on crypto-to-USD conversions. DTR charges either a fixed fee between roughly 65 cents and 2 euros or a percentage-based fee ranging from 0.65% to 1%, depending on the currency.
The launch adds to growing competition in the crypto offramp segment, where exchanges and fintech companies are deepening efforts to convert digital assets into fiat bank deposits. Major payment networks like Visa have rolled out USDC-based settlement, and Stablecore recently joined the Jack Henry Fintech Integration Network, enabling more than 1,600 U.S. banks and credit unions to offer stablecoin services through existing core banking platforms.
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