Technology consulting company based in Malaysia VCI GlobalTether-backed cryptocurrency payment platform Oobit will purchase $100 million from OOB coin, the altcoin. explained. The company completed the first half of the acquisition with the issuance of restricted shares allocated to the OOB Foundation. The remaining $50 million will be purchased from the secondary market when the coin goes public. When the process is completed TetherIt was stated that he will become the largest shareholder in VCI Global.
OOB Coin is Reborn
Oobit aims to strengthen its payment infrastructure OOB coinhas entered the process of rebranding. Coin Ethereum, formerly known as “OBT” 
$3,579.97 is moving from its network to Solana. This transformation will form the basis of a new ecosystem that will provide higher transaction speed and lower cost advantages. The company announced that OOB coin will be officially launched on November 12.
OOB coin, oobitIt will be used in contactless payment services with crypto. Users will be able to pay directly with their cryptocurrencies on Oobit-supported POS systems. Solana co-founder of the project Anatoly YakovenkoCMCC Global and 468 Capital also support the industry’s leading investors. Oobit management emphasized that the step will be a turning point in terms of daily financial use of cryptocurrencies.
VCI Global’s New Strategic Direction
VCI Global announced that it will establish a cryptocurrency-focused treasury unit after an investment of $100 million. With this new structure, the company plans to integrate the use cases of OOB coin into its own artificial intelligence, fintech and sovereign data platforms. Chairman of the Board Moshe Schisser“This is not just a cryptocurrency transaction, but the beginning of a new era of growth that will bring real-world benefits,” he said.
The company focuses on developing sovereign digital ecosystems by combining financial architecture with technology. VCI Global made a new share sale worth $5 million on October 31, selling it to institutional investors at $1.8 per share. However Nasdaq According to data, the share price decreased by 65.79 percent in the last month and closed at $ 1.3.
