UAE's BitOasis Signs Deal With Mastercard for Crypto Cards Qoute Coin
New York City: The United Arab Emirates-based cryptocurrency exchange BitOasis has partnered with Mastercard to facilitate crypto payments across the Middle East, North Africa and Asia. The partnership will allow customers to use their preferred cryptocurrencies for everyday purchases by using Mastercard’s network and integrating Simplex’s fraud prevention technology into the process.
The United Arab Emirates (UAE)-based cryptocurrency exchange BitOasis has partnered with Mastercard to facilitate crypto payments across the Middle East, North Africa and Asia.
BitOasis is a UAE-based cryptocurrency exchange that will be partnering with Mastercard to facilitate crypto payments across the Middle East, North Africa and Asia.
The partnership will allow customers to make purchases using their crypto wallets or cards, while Mastercard will offer fraud prevention services on behalf of BitOasis. The deal is set to expand throughout the Middle East, North Africa and Asia over the coming months.
BitOasis CEO Ola Doudin said that her company wanted to “lead innovation in our region” and that this launch “represents an important moment for our company and for the adoption of blockchain technology.”
BitOasis CEO Ola Doudin said that her company wanted to “lead innovation in our region” and that this launch “represents an important moment for our company and for the adoption of blockchain technology.”
The new debit cards will be available starting next week, with a minimum purchase of $100. The cards can be used to pay merchants in UAE dirhams as well as other major currencies like Euros or British pounds.
Mastercard has been paying attention to cryptocurrencies, blockchain and digital payment systems as a whole since early 2018, but it was only in June 2019 that the company first truly embraced the idea of customers being able to trade in cryptocurrencies through a new partnership with open banking platform Railsbank.
Mastercard has been paying attention to cryptocurrencies, blockchain and digital payment systems as a whole since early 2018. But it was only in June 2019 that the company first truly embraced the idea of customers being able to trade in cryptocurrencies through a new partnership with open banking platform Railsbank.
The new venture will allow cardholders to use their cards at merchants around the world that accept Mastercard’s solution for crypto-linked transactions (known as CryptoLink).
BitOasis is looking to make the process simpler by using Mastercard’s network but enabling customers to transact directly in their preferred cryptocurrency rather than having to convert their holdings into fiat currency.
BitOasis is looking to make the process simpler by using Mastercard’s network but enabling customers to transact directly in their preferred cryptocurrency rather than having to convert their holdings into fiat currency.
The new service will also allow users to use their cryptocurrency for transactions instead of just being able to buy it with it.
Simplex will be providing fraud prevention services on behalf of BitOasis.
Simplex, a payment processing company with an analytics platform and anti-fraud tools, will be providing fraud prevention services on behalf of BitOasis.
Simplex has been providing these services since early 2019. The company’s fraud detection technology has helped detect and prevent over $250 million in fraudulent transactions through its suite of products that include industry-leading anti-fraud solutions for merchants, consumers and financial institutions.
The official launch will begin with customers in the United Arab Emirates, but the service is set to expand throughout the Middle East, North Africa and Asia over the coming months.
The official launch will begin with customers in the United Arab Emirates, but the service is set to expand throughout the Middle East, North Africa and Asia over the coming months.
It’s a big deal for BitOasis users who have been waiting for this type of option from their cryptocurrency wallet provider. And it’s especially exciting because there are so many ways you can use your money today — whether you have a debit card or credit card that has an attached crypto-linked card like Mastercard’s PayPass (which lets you pay at any NFC terminal).
The new partnership between BitOasis and Mastercard allows people more options for how they can use their money.
The new partnership between BitOasis and Mastercard allows people more options for how they can use their money.
The United Arab Emirates-based cryptocurrency exchange has been paying attention to cryptocurrencies, blockchain and digital payment systems since its launch in 2014. Since then, it has gained popularity among investors who want to diversify their portfolios with crypto assets while enjoying the benefits of easy access to convert them into fiat currencies like USD or EUR via partnerships with banks around the world.
Now you can use your favorite crypto asset on your prepaid Mastercard debit card!
Conclusion
BitOasis’s new payment solution will allow customers across the country to spend cryptocurrencies without having to convert them into fiat currency. This should make it easier for people in the Middle East and Asia who don’t have access to traditional credit cards and bank accounts, which could help build adoption rates of cryptocurrencies even higher than they already are.
