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BitOasis Expands Credit Card Bitcoin Buying to 5 New Countries
Dubai-based bitcoin startup BitOasis is expanding its presence outside the UAE with a new announcement.
BitOasis has announced it will expand a credit card buying option to additional countries in the Middle East.
In a move that follows its unveiling of an 'instant buy' option for UAE customers this February, BitOasis is now making the offering available to five additional countries: Saudi Arabia, Kuwait, Qatar, Bahrain and Oman.
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Users in these countries can now buy bitcoin with credit cards in amounts up to $AED2,000 (or about $550 at press time) each week, though CEO Ola Doudin said that the startup intends to raise those limits after an initial trial period.
Doudin said that the move comes amid a growing interest in the region, adding:
"We're trying to make it as easy and quick as possible for people to use bitcoin. We're looking forward to opening up this service to other countries as well."
The announcement comes amid a change in services at BitOasis, a long-time brokerage service that began testing an exchange offering last year.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in BitOasis.
Dubai image via Shutterstock
Pete Rizzo
Pete Rizzo was CoinDesk's editor-in-chief until September 2019. Prior to joining CoinDesk in 2013, he was an editor at payments news source PYMNTS.com.
