Tether-backed cryptocurrency
VCI Global intends to invest $100 million to acquire the cryptocurrency payment company Oobit, which is backed by Tether.
The acquisition will involve Oobit’s token, known as OOB. This strategic move comes as VCI Global aims to enhance its presence in the digital currency market.
Oobit offers cryptocurrency payment solutions and is connected to Tether, a notable name in the industry known for its stablecoin.
This investment reflects a growing interest in integrating cryptocurrency with traditional payment systems, as companies seek to adapt to evolving financial technologies.
VCI Global’s strategic direction suggests a commitment to long-term growth in the cryptocurrency sector, aligning with market trends that favor digital assets.
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