UAE-based leading cryptocurrency trading platform, BitOasis has entered into a partnership with the American multinational financial services corporation, Mastercard to launch a series of crypto card programs in the Middle East and North Africa (MENA) region.
The new payment method will accelerate crypto adoption in the region by enabling customers to make payments across Mastercard’s network.
“The partnership will address these pain points and further drive customer awareness and crypto adoption in the region,” as per the statement.
BitOasis customers will be able to convert their cryptocurrency holdings to fiat currency allowing the consumer to easily shop and pay at more than 90 million merchant locations globally using their BitOasis Mastercard Crypto Card.
Ola Doudin CEO & Co-Founder BitOasis
“As the largest crypto platform built for the GCC and MENA region, we are delighted to partner with Mastercard to enable BitOasis customers to benefit from the convenience of linking their BitOasis wallets to their BitOasis Mastercard Crypto Cards for use across Mastercard’s global merchant network. Our mission at BitOasis 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.”
BitOasis customers, who can also access a range of Mastercard benefits, will be issued with virtual and physical BitOasis cards through a simple and compliant digital onboarding experience via the BitOasis app, allowing them to transact seamlessly physically and online.
“Through our collaboration with BitOasis, one of the most innovative crypto platforms in MENA, we enable the consumer experience to be seamless by using their cryptocurrencies in a safe and secure environment,” commented Ms. Amnah Ajmal, Executive Vice President Market Development, EEMEA, Mastercard.
The company said that the first BitOasis cards are expected to launch in early 2023 in markets with regulatory approvals.
