Pin It

Dubai’s BitOasis seeks to introduce BitCoin as a solution for MENA financial services

June 16, 2015 2:28 pm

BitOasisOla Doudin, a cofounder of Dubai-based Bitcoin platform BitOasis, thinks virtual currency can disrupt the financial world in the same way the internet disrupted the communications world.

But with the world’s largest cryptocurrency still dealing with the fallout from the Mt.Gox breach, a lack of liquidity, and formidable competition from traditional financial services, usurping conventional currencies in established markets is a lofty business goal.

That’s why Doudin and BitOasis aren’t waiting for Bitcoin to gain traction in mature markets—instead they’re attempting to grow Bitcoin in a region where it could be an intriguing fit: the Middle East and North Africa.

“I see Bitcoin as more fit for emerging markets,” says Doudin. “It will very possibly grow in emerging markets versus other markets in the next two to three years.”

That thinking powered the launch of BitOasis this past January, making it one of MENA’s first Arabic-focused Bitcoin platforms.

Original article by Samuel Wendel

Continue reading at Wamda:

Dubai’s BitOasis seeks to introduce BitCoin as a solution for MENA financial services

Comments

comments

1 Comment

Leave a Reply