Oobit, Kaia Enable Stablecoin Payments Across Asia
Oobit, Kaia Enable Stablecoin Payments Across Asia

Oobit, Kaia Enable Stablecoin Payments Across Asia

News summary

Oobit, a cryptocurrency payments app, has integrated with the Kaia blockchain network to enable users to pay with Kaia-based USDT stablecoins and the $KAIA token across Asia using existing Visa terminals, facilitating seamless tap-to-pay transactions both online and in-store. This partnership makes Kaia the first Layer 1 network to support Oobit's tap-to-pay feature, allowing merchants to process payments without altering their point-of-sale systems while Oobit handles crypto-to-fiat conversions in the background. The integration underscores the growing adoption of stablecoins in Asian consumer platforms, following similar moves like USDT's integration into LINE's messaging app, and reflects a broader trend towards making crypto payments more accessible and user-friendly. Additionally, the U.S. Payments Forum has published a white paper exploring how emerging technologies like AI, 5G, and IoT are enabling contextual payments, where transactions can occur automatically within activities, enhancing agentic commerce and potentially unlocking significant retail revenue. These developments indicate a shift toward more integrated, efficient, and automated payment ecosystems leveraging blockchain and advanced technologies to transform digital and everyday commerce.

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