Tether Invests $25 Million in Oobit’s Mobile Payment App: Driving Crypto Adoption and Education

Oobit’s Mobile Payment App: Making Crypto Payments Easier

Tether, the issuer of the stablecoin USDT, recently announced a $25 million investment in Oobit, a mobile payment app that allows users to “Tap & Pay” with cryptocurrencies at over 100 million retailers worldwide. This integration aims to make it easier for merchants to accept digital assets and provide customers with more options for using their cryptocurrencies.

Tether’s Commitment to Driving Crypto Adoption

Paolo Ardoino, CEO of Tether, emphasized the company’s dedication to welcoming new users into the cryptocurrency ecosystem through strategic investments like Oobit. He believes that Oobit has the potential to break down barriers and facilitate frictionless transactions for crypto holders worldwide.

Tether Edu: Promoting Crypto Education and Digital Skills Development

In addition to its investment in Oobit, Tether also announced the launch of “Tether Edu,” an educational initiative aimed at improving accessibility to digital skills development and promoting self-empowerment while fostering widespread acceptance of cryptocurrencies.

Tether Edu’s Initiatives

Tether Edu will offer a diverse range of educational opportunities, including hybrid courses, tailored workshops, and masterclass programs covering blockchain education and other digital domains such as design, artificial intelligence, coding, and more. These initiatives will span markets worldwide, with a focus on emerging economies in Africa, Latin America, the Middle East, Europe, the Commonwealth of Independent States, and Asia.

Tether’s Commitment to Global Education

Paolo Ardoino expressed Tether’s dedication to driving digital education globally, with a specific focus on empowering emerging markets. He believes that financial tools like USDT have the potential to rewrite economic history, and education is the key to fostering economic prosperity and sustainable development.

Tether Edu’s Significance

Tether Edu represents a significant step in Tether’s commitment to global education. Ardoino emphasized that educational initiatives like Tether Edu are “enriching minds” and laying the foundations for economic empowerment and prosperity on a global scale.