Oobit launches contactless crypto ATM cash withdrawals for users

Oobit has introduced contactless ATM cash withdrawals, allowing verified users to access physical cash directly from their crypto balances without a physical card or bank account.

The new feature expands the Tether-backed payments platform's crypto spending capabilities beyond digital and point-of-sale transactions, offering users another way to access their digital assets.

The service is available across Oobit's supported markets, subject to compatible NFC-enabled ATM availability and regional requirements. Users can withdraw up to $250 per transaction, with a limit of three withdrawals per card each calendar day.

Contactless withdrawals eliminate need for physical cards

The new feature enables KYC-verified users to withdraw cash by tapping their smartphones at supported NFC-enabled ATMs using the virtual Oobit card stored on their device.

Withdrawals are funded directly from the user's Oobit balance, removing the need for a linked bank account or a physical payment card.

To complete a transaction, users access a biometric-protected PIN viewer within the Oobit app, which securely displays the card PIN required by the ATM.

The rollout builds on Oobit's existing payments network, which already allows users to spend supported cryptocurrencies at more than 150 million Visa-accepting merchants across over 80 countries.

By adding ATM withdrawals, the company is extending its payment infrastructure beyond digital transactions and retail purchases to include direct access to physical cash.

Bridging the gap between crypto and cash

According to Oobit, the new feature addresses one of the remaining challenges for stablecoin and cryptocurrency users: converting digital assets into cash without relying on banks or exchange withdrawals.

The company noted that ATMs remain the primary source of cash access across many of its core markets, including Latin America, Africa and Southeast Asia, where cryptocurrency adoption is growing, but banking access remains limited.

Oobit said transaction activity on its platform has increased 260% over the past six months, reflecting growing usage of its crypto payments ecosystem.

Commenting on the launch, Amram Adar, Co-Founder and CEO of Oobit, said: "Stablecoins can move globally and be spent at the point of sale, but the moment someone needs physical cash, the process often sends them back through a bank or exchange. Contactless ATM withdrawals close that gap. Oobit users can now spend digitally or withdraw cash using the same phone, without carrying a physical card or linking a bank account."

Expanding crypto payments beyond consumers

In addition to consumer payment services, Oobit is also expanding its infrastructure into business and AI applications.

The company issues virtual Visa cards for AI agents through a KYB-gated program for businesses, while individual consumers can access the service through a waitlist.

Oobit said the offering enables AI agents to transact autonomously using funded USDT cards, extending its payments infrastructure beyond traditional human users.

Backed by Tether, Oobit positions itself as a platform designed to make cryptocurrencies practical for everyday use.

The company enables users to pay directly from supported crypto wallets anywhere Visa is accepted, with payment infrastructure available across more than 80 countries.

The addition of contactless ATM withdrawals further broadens the platform's functionality by allowing users to move seamlessly between digital assets, merchant payments and physical cash access without requiring a traditional banking relationship.