Core Insights - Oobit has launched its global payments app in South Africa, enabling users to make purchases at over 100 million Visa-accepting merchants worldwide using self-custody wallets [1][2] - The app supports both in-store and online transactions, as well as cross-border payments, leveraging a decentralized settlement layer called DePay for gasless, on-chain payments [1][2] Group 1 - Users can maintain control over their wallets while receiving up to 10% cashback in eligible currencies on qualifying purchases [2] - The adoption of crypto in South Africa is driven by practical needs such as cross-border payments, inflation hedging, and improved access to financial services [2][3] - Oobit converts stablecoins to fiat currency at the time of purchase using regulated Visa rails, allowing merchants to receive fiat payments instantly without operational changes [3] Group 2 - The South African launch follows Oobit's recent expansions into the Philippines, Thailand, and Brazil, supporting the goal of enabling stablecoin spending wherever Visa is accepted [3][4] - Oobit CEO Amram Adar emphasized that South Africans trust stablecoins as everyday money, envisioning a future where wallets replace banks and stablecoins become the new currency [4] - Oobit has partnered with Stable, a Layer 1 blockchain network, allowing Tether (USDT) users to make payments at over 80 million merchants across various countries [5]