Israeli Crypto Payment Processor Oobit Registered in Italy!

FinTelegram reports that the Israeli crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced that it has registered as a digital asset service provider in Italy. This will allow Oobit to offer crypto products and services to its growing customer base in Italy. The payment processor’s Estonian crypto license was archived as of August 3, 2022.

Over the last few weeks, FinTelegram discovered the licensed Estonian crypto payment processor Oobit as a scam facilitator with the now-vanished broker scams ExpressFX and StakingTrades.

Oobit was founded in 2017 as Cryptosys International Ventures Pte Ltd in Singapore and later renamed Oobit Technologies Pte. Ltd. In Nov 2019, they established Oobit Technologies OÜ in Estonia, and in 2022 OObit Technologies UAB in Lithuania.

The two founders are Israelis Amram Adar and Aharon Miller, acting as CEO and COO. The beneficial owners of the group are based in Israel. Olga Shishkina acts as a nominee director of the Estonian entity.

Oobit seems reputable, unlike most other licensed Estonian crypto payment processors. The website presents the team and the links to the social media presence, an approach you will not find with 90% of all other crypto payment processors. Clients can buy cryptocurrencies from Oobit using credit cards. For this purpose, oobit used to cooperate with MoonPay until recently.

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