Oobit expands into Chile, its third LATAM market, bringing crypto payments, wallet connectivity, and bank transfers to one of the region’s fastest-growing markets.
Oobit has launched in Chile, its third Latin American market after Brazil and Argentina. The Tether-backed crypto payments app allows users to spend digital assets at over 150 million Visa merchants worldwide, no fiat conversion or separate crypto card required.
With the expansion, Chilean users can now tap into additional features, such as crypto-to-bank transfers through local payment networks (including SEPA, ACH, and SPEI) and sending crypto to any phone number. Eligible transactions also qualify for up to 10% cashback, lowering the barrier to using crypto for routine purchases.
Technically, the Oobit crypto payments app connects directly to users’ existing wallets, including non-custodial options such as MetaMask, Trust Wallet, and Phantom, enabling them to make direct crypto payments through supported networks, including Polygon and BNB.
Tether’s Strategic Backing Strengthens Oobit’s Chile Expansion
According to the announcement, Oobit’s largest shareholder, Tether, has played a strategic role in the milestone and the other LATAM launches. The backing will continue to provide Oobit with a tier-1 credibility status amid its global expansion plans.
 
Chile is among six nations that collectively account for 87% of all LATAM crypto activity. The country has 3.69 million crypto users and recorded over $23 billion in annual on-chain transactions, as per the latest crypto adoption report by Chainalysis. A recent survey also indicated that 93.2% of the country’s crypto holders plan to increase their digital asset allocation in 2026.
Chile’s recently enacted Fintech Law further establishes a regulatory framework supportive of digital finance innovation.
Amram Adar, Co-Founder and CEO of Oobit, commented on the expansion, noting that,
“Chile represents an important step in our long-term expansion across Latin America. The country combines strong fintech adoption, clear regulatory progress, and a growing community of crypto users. With this expansion, we’re expanding access to tools that allow people to move from simply holding digital assets to actually spending them in everyday life.”
The strategic debut into the Chilean market follows a pattern of targeting LATAM countries where crypto adoption is growing, but everyday use cases are not yet practical. Oobit is also operational in the U.S. through a partnership with Bakkt, which enabled the crypto payments app to provide its services across all 50 states.
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