Crypto Innovations: Oobit Secures $25M for Payment App and eTukTuk Drives EV Infrastructure with Blockchain and AI

Crypto payment app Oobit grabs $25M, while EV project eTukTuk raises $1m in presale for blockchain-powered transportation in developing economies. 

In recent developments within the crypto payment sector, mobile payments app Oobit has successfully closed a Series A funding round, raising $25 million. This funding round was led by Tether’s investment arm, along with contributions from CMCC Global’s Titan Fund, 468 Capital and Anatoly Yakovenko, co-founder of Solana. However, specific details regarding Oobit’s post-investment valuation remain undisclosed.

Oobit’s platform allows consumers to make purchases using cryptocurrencies while allowing merchants to receive payments in fiat currency. This is facilitated through a tap-and-pay feature, streamlining crypto transactions at point-of-sale terminals compatible with Visa or MasterCard. The company intends to expand its service to integrate third-party wallets, transitioning towards becoming a non-custodial crypto payments app.

Amram Adar, Oobit’s co-founder and CEO, said: “The company joins the growing ranks of crypto firms working with traditional finance (TradFi) companies to offer consumers more efficient ways of using their crypto holdings to pay for goods. With the backing of industry leaders, this funding round marks a pivotal moment for Oobit, propelling us forward in our mission to allow a simple way to pay with digital assets anywhere.”

In parallel, eTukTuk, a green crypto project, has garnered attention by surpassing the $1 million mark in its ongoing presale. This project aims to revolutionise the transportation sector in developing countries by leveraging blockchain and AI technology to develop electric vehicle (EV) infrastructure.

Transforming Transportation in Developing Economies

eTukTuk’s presale, structured with incremental token prices and a hard cap target of $10.7 million, seeks to realise its ambitious roadmap goals. With $TUK tokens priced at $0.026, investors can participate using BNB, USDT, or credit/debit cards. The project offers enticing staking opportunities, with yields of up to 216% APY for token holders. 

By incentivising a community of drivers, charging station hosts, developers and other contributors through $TUK token rewards, eTukTuk aims to rapidly scale its network and drive society-wide impact. Its multi-chain approach, spanning the BNB Chain and Cardano, aims to foster inclusivity and accessibility for all participants.

eTukTuk’s mission extends beyond profitability, aiming to tackle pressing environmental issues such as emissions reduction, pollution-related illnesses and financial inclusion for unbanked populations. The project’s innovative approach has garnered significant attention, earning it a spot on Coin Sniper’s list of upcoming ICO launches to watch. 

eTukTuk’s Innovative Design and Competitive Advantage

One of eTukTuk’s standout features is its streamlined manufacturing process, developed over a rigorous five-year period. With fewer than 200 locally sourced components, eTukTuk vehicles boast reduced development costs, making them more accessible to drivers. 

Additionally, the implementation of LFP batteries and AI-powered guideline systems further enhances operational efficiency for drivers.

eTukTuk’s ecosystem extends beyond vehicles to encompass charging infrastructure and payment systems. Territory Partners install and manage charging stations strategically, ensuring seamless adoption of eTukTuks in developing nations. 

$TUK CAN BE PURCHASED NOW FOR ONLY $0.02675

Power Stakers secure the payment network, allowing global participants to actively engage and contribute to the project’s success. Through token rewards and incentives, eTukTuk fosters a community-driven approach, driving sustainability and financial empowerment on a global scale.

 eTukTuk also integrates artificial intelligence (AI) into its ecosystem through the eTukTuk Driver App. AI plays a crucial role in strategic decision-making processes, aiding in the placement of charging stations by analysing data sourced from applications and partners like PickMe. 

Additionally, the AI optimises driving routes to enhance driver efficiency and minimise battery consumption, ensuring optimal performance of eTukTuk vehicles.

Roadmap and Developments

Examining eTukTuk’s roadmap reveals the platform has already launched operations in Colombo, Sri Lanka, in partnership with the Capital Maharaja Group (CMG) as its Territory Partner for the region. 

With over 1.2 million registered TukTuks in Sri Lanka and escalating fuel costs, eTukTuk’s entry into the market positions is at the forefront of transitioning conventional, 3-wheel TukTuks to cleaner, more efficient electric vehicles. 

PURCHASE $TUK NOW WITH EITHER BNB, USDT OR CARD PAYMENT

Projects like Oobit and eTukTuk demonstrate the potential of blockchain technology and digital assets to drive positive change and pave the way for a more inclusive, efficient and sustainable future. As eTukTuk continues to gain traction and expand its footprint, it stands positioned to make a significant impact on the transportation sector and beyond.

Unlike Oobit, you can invest in eTukTuk now by acquiring its $TUK tokens in their presale phase, giving them vast room to 100x down the line, which is probable given the crypto projects’ innovation to provide substantial utility within the crypto market.

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