The price of bitcoin (BTC) has risen to a new record high, surpassing $109,000. Markets for cryptocurrencies are showing signs of increasing optimism as this surge coincides with Donald Trump’s inauguration as the 47th president of the United States. Institutional demand and optimistic sentiment have been boosted by the pro-crypto stance of the Trump administration.
Newly launched cryptocurrencies like the Solana-based TRUMP memecoin are attracting attention from investors. After Trump promoted it on his social media accounts, the value of this token skyrocketed to $70 and holders crossed 850k globally. Its market cap momentarily put it in the top 10 among cryptocurrencies.
Even with a brief correction, TRUMP is still one of the top meme coins, just after DOGE and SHIB. According to analysts, it’s a lucrative long-term investment. Even if Bitcoin is all anybody can talk about, the TRUMP token is making waves. In spite of the recent correction, it is still one of the biggest memecoins, ranking 18th by market capitalization.
A variety of services focused on cryptocurrency payments are offered by the Singapore-based cryptocurrency company Oobit. One can buy anything from daily necessities to luxury goods with ease using crypto thanks to tether-backed Oobit’s Tap & Pay feature.
More than 100 million retailers throughout the globe accept Oobit, so customers can tap to pay with their favorite cryptocurrency assets wherever contactless payments are available. The company also allows users to purchase famous cryptocurrencies like Ethereum and Bitcoin with as little as $10, making it suitable for both novice and seasoned traders. The feature that lets users transfer money globally fast and free is available on Oobit as well, with an emphasis on ease, security, and speed in all transactions.
🚨Breaking: $Trump is now available for tap payments.
Use your solana-based $Trump memecoin for everyday purchases. #justoobit pic.twitter.com/BZQLrLnoMe
— Oobit (@oobit) January 20, 2025
In light of the current TRUMP token frenzy, Oobit has taken a revolutionary step by integrating TRUMP token support and enabling users to make everyday purchases using the tap feature. Users (only EU for now) are able to make everyday purchases using their TRUMP tokens with no hassle thanks to this streamlined solution. The company has even shared a video of paying at Mc Donald’s with the TRUMP token via its tap and pay feature.
Imagine pulling up to @McDonalds and saying, ‘I’ll pay with TRUMP.’ 🍔
Yeah, we actually did that. Celebrate the boom with $trump. 🍟🚀 #justoobit pic.twitter.com/jc4Hyf0J6z
— Oobit (@oobit) January 20, 2025
Since its launch in 2017, Oobit’s ground-breaking platform has been revolutionizing the way people pay with cryptocurrency. The Oobit app, which is compatible with both iOS and Android devices, makes it easy for users to make everyday cryptocurrency purchases. By funding their Oobit accounts with any cryptocurrency—including TRUMP token—users can pay for goods and services in-store, send and receive crypto amongst friends, and buy or sell various cryptocurrencies.
Oobit has applied to the Abu Dhabi Global Market (ADGM) for a Financial Services Regulatory Authority license. The establishment of an office in Abu Dhabi is part of the company’s strategy to strengthen relationships with regional stakeholders.
Moreover, Oobit announced plans to expand into new markets, including the Asia Pacific, the United Arab Emirates, Canada, and Australia, in addition to its current focus on the European Union and the United Kingdom. The company plans to use the raised funds to accelerate the development of a Web3 gateway and integrate external wallets.
Oobit is revolutionizing crypto payments by collaborating with traditional finance (TradFi) companies to provide customers with efficient ways to use their cryptocurrency holdings to pay for everyday goods.
