Dubai-based startup BitOasis has announced the launch of a new bitcoin buying platform.
Aimed at consumers in the Middle East and North Africa (MENA) region, the platform was revealed at the TechCrunch Disrupt NY Startup Alley, a venue for early-stage companies taking place over the course of the three-day conference.
According to BitOasis following are the advantages of using Bitcoins: -
- Bitcoin allows you to send and receive money anywhere in the world without using a bank or a credit card.
- Bitcoin is the future of Digital money. You can think of it as the currency of the internet.
- Sending money with Bitcoin is like sending an email. Its easy and fast
Co-founder Ola Doudin explained that the goal of the service is to increase bitcoin liquidity in the Middle East as part of BitOasis’ long-term strategy of serving what she characterized as the vital remittance corridors of the region.
1 BTC = 880.37 AED approx
While not available in the US, Doudin explained that BitOasis sought to foster connections with the broader payments industry at TechCrunch, with the hopes of also being selected by popular vote for a presentation slot on the event’s main stage.
While BitOasis fell short in the vote, however, Doudin said her company received attention due to what she characterized as their ‘unique story’, being among the few bitcoin companies that services MENA markets and one of the only bitcoin companies at the event.
Last year the BitQuick team announced support for bitcoin traders in the Middle East. Beginning August 26 users in Jordan Qatar bitcoinEgypt Palestine Kuwait The United Arab Emirates Lebanon Bahrain and Algeria were able to buy and sell bitcoin using various methods throughout the region including cash deposit bank transfer and wire transfer.
