Oobit Debuts Crypto Card Services in Guatemala and Paraguay, Broadening LatAm Reach
According to FinanceFeeds, Oobit—a non-custodial crypto payment platform backed by Tether—has officially launched crypto card services in Guatemala and Paraguay. This expansion brings the platform's coverage in Latin America to 11 countries.
Local users can now spend crypto assets at Visa-accepting merchants (both online and offline) using self-custodial wallets such as Phantom, MetaMask, Binance Wallet, and Trust Wallet. Merchants settle transactions in local fiat currency, shielding them from crypto volatility. As a non-custodial solution, Oobit never holds users' private keys, ensuring asset custody remains with the user.
The move underscores Oobit's continued push into emerging LatAm markets and reflects Tether's strategic commitment to building crypto payment infrastructure. By adding Guatemala and Paraguay, Oobit enables more Central and South American consumers to use digital assets for everyday purchases, narrowing the gap between crypto and traditional finance.