BitOasis Aims to Change how People Transact in the Middle East Using Bitcoin

By Diana Ngo

Bitcoin can offer many solutions to the Middle East, from fostering youth entrepreneurship to enabling farmers to receive loans in the digital currency, says BitOasis' Ola Doudin.

BitOasis, a Bitcoin exchange and multi-sig wallet dedicated to the Middle East, is working on bringing Bitcoin to the region. Its founder, Ola Doudin, a former Ernest & Young associate, believes the technology has the potential to address the many challenges encountered in the region and foster social development, reported PSFK.

According to Doudin, Bitcoin can offer many solutions across the Middle East and significantly boost the e-commerce industry. She explained:

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How Emirati Start-ups Are Embracing Bitcoin

By Plus Aziz 

While companies like DinarCoin are responding to the dramatic collapse of Iraq’s currency, others like BitOasis, which is based between Dubai and California, are responding to environments where a healthy financial infrastructure is in place but out of sync with digitally-enriched lifestyles. We interviewed Ola Doudin of BitOasis

Although it is quite unpredictable how digital currency (and Bitcoin in particular) will play out on the Middle East’s regional stage, there are clear cultural implications that we can start thinking about. BitOasis is a start-up founded by Ola Doudin working to bring Bitcoin technology to Middle East consumers. Her expertise draws on insightful knowledge and data points that underline the need for financial services to address the digital transformation re-shaping how consumers shop, work, and carry out monetary transactions:

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