Oobit integrates USDT into Brazil's PIX payment network

Cryptocurrency payment app Oobit has announced the integration of PIX, Brazil's real-time payment system. The move allows PIX's approximately 170 million users to deposit the Brazilian real (BRL) into the Oobit app and convert it to USDT for holding or payments. Oobit explained that users can send USDT with their PIX key or scan a QR code to make payments, with the blockchain operating in the background to provide a user experience identical to the existing PIX system. Launched by the Central Bank of Brazil in 2020, PIX is considered one of the world's largest digital payment networks.