Mastercard and BitOasis Join Force to Launch Crypto Cards Across MENA

BitOasis, the leading cryptocurrency platform for the Middle East & North Africa (MENA) and Mastercard, have partnered to launch a series of crypto card programs in the region that will further drive customer awareness and crypto adoption in the region.

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BitOasis customers will be able to convert their cryptocurrency holdings to fiat currency allowing the consumer to shop and pay at more than 90 million merchant locations globally. The first BitOasis cards are expected to launch in early 2023 in markets with regulatory approvals. 

Amnah Ajmal, Executive Vice President Market Development, EEMEA, Mastercard, said: "Changes in consumer demand, as they look for new, fast and flexible digital experiences, are fueling an increase in the adoption of emerging payment technologies. With this comes a greater expectation for businesses to provide multiple ways to shop and pay. 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."

Ola Doudin, CEO and co-founder, BitOasis, said: "We continue to witness sustained demand amongst our customers for crypto to be integrated into, and relevant, for their daily lives.  Research tells us that 47% of the Middle East population now believe crypto is the future of money. 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".