Oobit has partnered with Web3 payment infrastructure provider AEON to enable cryptocurrency payments through Vietnam's VietQR network. The integration allows travelers in the country to pay with digital assets by scanning local QR codes, while merchants receive funds in local currency.
This partnership integrates Vietnam's domestic QR payment infrastructure into Oobit's existing acceptance network, which already covers more than 150 million Visa merchants globally. The system allows crypto payments to run through established payment rails without requiring merchants or customers to adopt a new checkout system.
"Every market pays differently. Oobit's job is to make crypto disappear into however people already pay, not to ask people to change," said Oobit CEO Amram Adar. "AEON lets us do that in Vietnam through VietQR."
Vietnam has emerged as a growing market for everyday crypto spending among Oobit platform users, with traveler payment activity showing month-over-month increases. Platform data indicates that the average daily spend per active traveler in Vietnam is approximately $117.
Breakdowns of spending categories for travelers in Vietnam include convenience and miscellaneous food stores at 8.4%, fast food at 7.5%, hotels and lodging at 4.0%, clothing stores at 2.4%, and bars and nightlife at 1.8%. Additionally, Oobit reported that virtually all USDT swap transactions among travelers spending in the country are converted into its native token, OOB.
Backed by Tether, Oobit aims to extend its crypto-to-local-currency payment model across further Asian markets by connecting with established regional QR payment networks.
