BitOasis, a cryptocurrency platform in the Middle East & North Africa (MENA), and Mastercard have partnered to launch a series of crypto card programs in the region that will facilitate day-to-day usage of cryptocurrencies at points of sale and across e-commerce platforms.
BitOasis customers will be able to convert their cryptocurrency holdings to fiat currency allowing consumers to shop and pay at more than 90 million merchant locations globally. The first cards are expected to launch in early 2023 with regulatory approvals.
Customers can issue virtual and physical BitOasis cards through a digital onboarding experience via the BitOasis app, allowing them to carry out transactions both physically and online.
“We continue to witness sustained demand amongst our customers for crypto to be integrated into, and relevant, for their daily lives. Research tells us that 47% of the Middle East population now believes crypto is the future of money. As the largest crypto platform built for the GCC and MENA region, we are delighted to partner with Mastercard to enable customers to benefit from the convenience of linking their wallets to their BitOasis Mastercard Crypto Cards for use across Mastercard’s global merchant network. Our mission is to enable a new digital financial system that is transparent, inclusive, regulated, and relevant on a daily basis, whilst providing even greater safety and security for cryptocurrency payments. Today’s partnership helps us deliver against our mission,” Ola Doudin, CEO and co-founder, BitOasis, said.
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