Home » Mastercard, BitOasis to launch crypto-linked cards in MENA region

Mastercard, BitOasis to launch crypto-linked cards in MENA region

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Cryptocurrency platforms BitOasis and Mastercard have partnered to launch a series of crypto card programs in the region, enabling the use of cryptocurrencies at point-of-sale and e-commerce platforms.

BitOasis customers can convert their cryptocurrency holdings into fiat currency, enabling consumers to easily shop and pay at over 90 million merchants worldwide. The first of his BitOasis cards is expected to launch in early 2023 on the market with regulatory approval.

BitOasis customers, who also have access to various Mastercard benefits, will be issued virtual and physical BitOasis cards for seamless physical and online transactions through a simple, compliant digital onboarding experience via the BitOasis app. will be

Currently, cryptocurrency payments and cashouts are considered onerous and the overwhelming majority of merchants do not accept such payments directly.

BitOasis customer transactions can now be conducted in fiat currency, thereby adding consumer protection. For example, dispute resolution and refund provisions that do not exist when paying with digital assets. This partnership will address these pain points and further drive customer awareness and crypto adoption in the region.

Amnah Ajmal, EVP, Mastercard EEMEA, said: With this comes an increasing expectation for businesses to offer multiple ways to shop and pay. Through his collaboration with BitOasis, one of MENA’s most innovative crypto platforms, using cryptocurrencies in a safe and secure environment will make the consumer experience seamless. “

BitOasis CEO and co-founder Ola Doudin said: According to a survey, 47% of the Middle East’s population now believes cryptocurrencies are the future of money.

“We are pleased to partner with Mastercard to allow BitOasis customers to link their BitOasis wallets to their BitOasis Mastercard Crypto Cards and enjoy the convenience of using them with 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, while providing greater safety and security for cryptocurrency payments.”

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