Payments app Oobit expands with South Africa launch

Global payments app Oobit has announced its launch in South Africa, allowing users to make purchases at over 100 million Visa-accepting merchants globally by connecting any self-custody wallet. This service is available for both in-store and online transactions, as well as for cross-border payments. Oobit’s decentralised settlement layer, dubbed DePay, is said to support gasless, on-chain payments from user-controlled wallets directly, and once authorised, payments are executed by a smart contract. With ...