Global Bitcoin allows you to send and receive money anywhere in the world without using a bank or a credit card.The Future Bitcoin is the future of digital money.You can think of it as the currency of the internet.Fast Sending money with bitcoin is like sending an email.It's easy and fast.Dubai-based startup BitOasis has announced the launch of a new bitcoin buying platform.Aimed at consumers in the Middle East and North Africa (MENA) region, the platform was revealed at the TechCrunch Disrupt NY Startup Alley, a venue for early-stage companies taking place over the course of the three-day conference.Co-founder Ola Doudin explained that the goal of the service is to increase bitcoin liquidity in the Middle East as part of BitOasis' long-term strategy of serving what she characterized as the vital remittance corridors of the region."The UAE specifically serves as a gateway to the Middle East, but it's a big outbound remittance market with corridors to India, Philippines, Thailand, Kenya and other countries.

It's a connection between different countries and different markets and we see a big opportunity for bitcoin."For now, Doudin indicated that BitOasis is acting as a bitcoin brokerage, purchasing bitcoin on other, more liquid markets, with the goal of one day opening up cash-in, cash-out services that can appeal to the 75% of consumers in the region locked out of traditional bank accounts."Bitcoin can fill lots of gaps in the Middle East when it come to payments and providing affordable financial services for an underserved market," she added.In addition to its brokerage service, BitOasis offers a three-key multisig wallet.The company estimates it has registered 15,000 users since its January launch, with users in the UAE, Egypt, Morocco and Tunisia, as well as Indonesia and Malaysia.While not available in the US, Doudin explained that BitOasis sought to foster connections with the broader payments industry at TechCrunch, with the hopes of also being selected by popular vote for a presentation slot on the event's main stage.

While BitOasis fell short in the vote, however, Doudin said her company received attention due to what she characterized as their 'unique story', being among the few bitcoin companies that services MENA markets and one of the only bitcoin companies at the event."For us, it's about networking with startups and investors," she continued."We've been approached by different people, people who want internships and other startups who are interested in payments to the Middle East."This attention, she said, has translated to easier messaging in its domestic market."We're one of the only ones so we get the attention and the spotlight, which was a nice marketing strategy, we kind of came built-in," she added.As part of its initial wallet sign-up process, the four-person company offered 1,000 bits to new users, with referral bonuses of 500 bits for those who referred family and friends.Currently, buyers are limited to purchases of 2000 AED, or roughly $550, which can be made through cash deposits at banks and wire transfer.

Doudin reported that the public in the Middle East is still learning about bitcoin and blockchain technologies, but that the environment is warming.With this in mind, BitOasis aims to launch a mobile wallet app this summer, with the goal of capitalizing on the region's high smartphone penetration.bitcoin wmz exchangeAs for how these consumers will take to a new currency as well as unfamiliar terms like multisig, Doudin expressed her belief that focus on the consumer experience could propel BitOasis past these problems.ethereum per block"For the less tech-savvy users, mutlisig is more technical to understand, but they understand that with three keys it's a higher level of security.ethereum per blockThey understand why it's better logically without going into the technical details," she added.bitcoin litecoin ranking

On the legal and regulatory front, Doudin framed Dubai as a progressive jurisdiction for bitcoin development."In Dubai, we've been interacting with different partners and there hasn't been any negativity from regulators, they are being open about it," she said, adding: "UAE has been open for innovation for years and they've been embracing innovation on different industries, so I see that as an opportunity."ethereum bitcoin comparisonThe leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.bitcoin halal keHave breaking news or a story tip to send to our journalists?quickest bitcoin exchangeContact us at [email protected]/* bitcoin wallet won't open

*/!function(t,e,r,n,c,a,p){try{t=document.currentScript||function(){for(t=document.getElementsByTagName('script'),e=t.length;e--;)if(t[e].getAttribute('data-cfhash'))return t[e]}();if(t&&(c=t.previousSibling)){p=t.parentNode;if(a=c.getAttribute('data-cfemail')){for(e='',r='0x'+a.substr(0,2)|0,n=2;a.length-n;n+=2)e+='%'+('0'+('0x'+a.substr(n,2)^r).toString(16)).slice(-2);p.replaceChild(document.createTextNode(decodeURIComponent(e)),c)}p.removeChild(t)}}catch(u){}}()/* ]]> */.nfc bitcoin appBitOasis is the first digital currency wallet and exchange service in the Middle East that enables you to buy, sell and secure bitcoin.You can go to our BitOasis platform and create an online wallet.After creating your account, you can immediately start sending and receiving bitcoin around the world.All users have access to BitOasis wallet features.However, only users from United Arab Emirates (UAE), Saudi Arabia (KSA), Kuwait, Bahrain & Oman are able to access the exchange to buy, sell and trade digital currencies.

1 - You start by buying a voucher with the AED amount you choose.The voucher is a way to add AED credits to your wallet that you can convert/exchange to bitcoin any time you want.2 - After selecting voucher amount to proceed with payment by sending a wire transfer with the AED amount to our bank (You'll find the details on the 2nd page of the buy bitcoin tab) or pay via credit/debit cards.3 - We'll receive your payment on the same day or next business day if you're sending from UAE.If not, it may take up to 1-3 business days.4 - After we confirm receiving your payment, your AED balance is updated with your AED credits that you can immediately convert (Redeem) to bitcoin at the exchange rate available.(Pleasenote that redeemed BTC on our exchange will take up to 48 hours to be received on your wallet).Our wallet gives you a distinctive receiving address in the form of QR code that you can put on your online platform, so your clients can scan the code with their mobile phones to pay the required amount.

If you require any further API integrations or payment conversion and settlement, BitOasis can handle that for you.Please get in touch with our team by contact form if you’d like to start accepting payments.You can’t cancel the order through our platform, but you can contact our team by contact form and we’ll cancel the order for you.Unfortunately, you can only send us payments using your personal bank account that has your personal name.As soon as your account is verified on our platform you’ll be able to send us payments through exchange houses, such as UAE Exchange, Al Ansari Exchange and others in UAE.This payment option is only available for UAE based customers.If the wire transfer is initiated from a UAE-based bank, it should be confirmed on the same business day; however, if you perform the wire transfer at the end of day, it’s possible that it’ll take another business day to confirm your payment.After you receive your voucher details from BitOasis you can go ahead and exchange them to bitcoin on the ‘Redeem Voucher’ page on ‘Buy Bitcoin’ tab, with just one click, you’ll be able to redeem as many vouchers as you want at the exchange rate that will be available that moment.

We currently don’t charge any fees for redeeming or selling your bitcoins on our buy/sell brokerage pages.In order to be able to buy higher amounts of bitcoin you will need to verify your account on our platform by giving us a few extra information about yourself.You will find the ‘Increase Limits’ page on ‘Buy Bitcoin’ tab.Yes, you can exchange your voucher amount to bitcoin whenever you like.The exchange rate that you’ll be converting at will be the rate at the exact moment you execute the exchange.Yes, in order to be able to sell and withdraw your bitcoins to your bank account, you’ll need to verify your account on BitOasis.No, vouchers are non-refundable.You can only exchange them to bitcoins on our platform or withdraw back to your bank account.Our wallet uses multisignature technology to secure your bitcoins.With our multisignature wallet, you will need 2 of your 3 private keys to move or spend any bitcoins.This provides an extra level of security to make sure your funds will not be compromised if one of your private keys is.

Your wallet private keys are three.You and BitOasis have access to one of those keys.As BitOasis, we do not have access or control over the 2 remaining keys and by that we do not have control over any of our customers' bitcoins.The second key is held by BitGo, a third-party security company.The third key, or the Recovery key, is a backup for emergencies and is secured under the supervision of an independent law firm that our customers can reach out to in case of any service compromise.We recommend that our customers use 2-Factor Authentication to secure their accounts online.Our customers are prompted to enter a multi-digit authentication code any time they login or attempt to send bitcoins.You will also receive an automated phone call or text message asking you to approve any suspicious or large transactions before they are sent.If you approve, your transactions will be processed successfully.If you do not approve, the transaction will be cancelled and the bitcoins will remain in your account untouched.

There are dynamic fees for sending out BTC to another wallet based on transaction volumes on the blockchain and are calculated by BitOasis and added to your transactions.Fees can range from 0.0004-0.001 BTC in most cases.You can request lower fees but confirmation time might be unpredictable.To protect your privacy, we provide a new bitcoin address for each transaction.This prevents someone from tracking all the payments you receive by looking at the blockchain.Note that all new addresses provided by your wallet will continue to be linked to your BitOasis account.We post all of our customer transactions directly on the blockchain.No transactions are posted off the blockchain.This allows you to confirm your bitcoin balance at any time.You will be able to view and verify your bitcoin balance available in each of your public addresses right on our website.You can also independently verify your bitcoin balance using a third party service such as Blockchain.info.Sell bitcoin and withdraw payouts are currently available for our users in UAE, Kuwait, Bahrain and Oman.