Crypto payments platform Oobit launched a new feature allowing users to connect external wallets such as MetaMask, TrustWallet, and Phantom directly to the app.
The integration eliminates the need for manual transfers by providing direct access to funds while enabling instant transactions and control over digital assets. Users can quickly link their wallets by starting the process on the Oobit home page, where they can authorize a trusted connection in just seconds.
Oobit allows cryptocurrency holders to “Tap & Pay” at over 100 million retailers worldwide, leveraging existing Visa and Mastercard networks in a manner similar to Apple Pay.
Joe Lubin, founder and CEO of Consensys, revealed earlier this month that his company was targeted twice by U.S. banking restrictions under what has been referred to as Operation Chokepoint 2.0.
Despite efforts by its bank to resist regulatory pressure, Consensys eventually lost access to key banking services.
Lubin disclosed in an interview that his company, best known for developing MetaMask, handled the situation by using backup accounts to keep things running smoothly. He also confirmed that he was personally affected during the crackdown.
Concerns over crypto debanking have grown in recent months, with industry leaders such as Andreessen Horowitz’s Marc Andreessen speaking out publicly.
Ripple CEO Brad Garlinghouse also revealed that he was personally severed from his longtime banking relationship with Citigroup because of his role in the crypto industry. Garlinghouse stated that Citigroup, where he had been a customer for over 25 years, gave him just five days to move his funds.
Among those affected were executives like Tornado Cash co-founder Roman Storm and Custodia Bank CEO Caitlin Long.
Operation Chokepoint 2.0 refers to the Biden administration’s regulatory pressure on banks to cut off services to crypto-related businesses and executives. Similar to the original Operation Chokepoint, launched by the Department of Justice under the Obama administration, the effort sought to restrict access to financial services for legally operating but politically targeted industries.
