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The crypto payments institution announced its motorboat successful Colombia, becoming its ninth unrecorded market, arsenic it prepares for a important maturation of crypto adoption successful the country. The Colombian peso ranked 2nd among centralized exchange stablecoin purchases, signaling increasing request for crypto outgo methods.
Published: May 17, 2026, 6:31 PM
Key Takeaways
- Backed by a $25M Tether round, Oobit launched its crypto outgo paper successful Colombia, its 9th market.
- In Brazil’s monolithic crypto economy, Oobit users mean 20 transactions per month, mostly utilizing USDT.
- Following ample maturation successful the region, Oobit CEO Amram Adar seeks to grow integer plus inferior successful Latam.
Oobit Launches Officially successful Colombia
While crypto is chiefly viewed arsenic a conveyance for speculation successful immoderate markets, users successful Latam are progressively leveraging crypto for mundane payments.
Oobit, a non-custodial cryptocurrency payments institution that allows users to leverage their crypto funds done a recognition card, has announced its authoritative motorboat successful Colombia, 1 of the largest markets for stablecoins successful Latam. Colombia becomes the ninth unrecorded marketplace for Oobit, aft Argentina, Brazil, and Chile successful Latam.
The determination seeks to presumption Oobit arsenic a applicable subordinate successful Colombia, with the Colombian peso being ranked 2nd amidst centralized exchange stablecoin purchases by currency, indicating request for crypto outgo methods.
Oobit reported a ample emergence successful the $44 cardinal Latam crypto economy, with Brazil starring the complaint with 200% maturation since the institution launched. Brazilian progressive users are spending $400, averaging 20 transactions per month.
These purchases are focused connected mundane payments, with 35% directed to market stores and supermarkets, 8.8% to restaurants, and 7.2% to miscellaneous nutrient stores. In Brazil, these uses grow to quality & barber shops and work stations, indicating a broader adoption. USDT is the astir utilized currency for payments, with the platform’s ain token astatine a distant second.
Highlighting however Latam has shifted to utilizing crypto similar cash, Oobit’s co-founder & CEO, Amram Adar, stressed the portion “is becoming a planetary person successful the real-world inferior of integer assets.” “We are seeing a determination displacement wherever crypto is nary longer conscionable an investment, but a superior mode to wage for groceries and healthcare, and we are arrogant to pb the alteration crossed LATAM,” he concluded.
Oobit’s enlargement comes aft it raised $25 cardinal successful its Series A backing circular led by stablecoin institution Tether successful February. At the time, Tether CEO Paolo Ardoino declared that Oobit and Tether shared a “mutual imaginativeness to thrust the wide adoption of cryptocurrencies connected a planetary scale.”
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