Bitcoin around Africa has become a heavily talked about topic over the past few days. Considering the various applications that the digital currency could have on a exploding economy such as the one in Nigeria and the current infrastructure built around the transfer of value, it has come to no surprise the level of business bitcoin exchangers have encountered. BitOasis becomes the latest Bitcoin business to start up its first funding round with the aim of expanding its payment intergration services all over the continent. Originating from the United Arab Emirates the aspiring startup has already begun its effots as it heads up the Dubai Blockchain council, with the responsibility of encouraging the growth and development of Bitcoin enterprise.
“Fintech is a primary focus in our investment strategy, and payments is among the largest market opportunities for tech startups in MENA,” said Fadi Ghandour, CEO and founder of Wamda Capital, in a statement.
The company have expressed their motivation to innovate in the fintech department and have also dedicated their first venture to intergrate digital currencies into the contracts and registration involved with the Dubai Multi Commodities Center.
“Our aim since launch is to build the largest digital currency exchange and payments infrastructure platform in the Middle East and North Africa,” said Ola Doudin, CEO and cofounder of BitOasis.
To conclude the BitOasis startup aims to gather enough funding to increase its overall staffing capabilities and further extend its reach through out the United Arab Emirates with the co founder realising the potential Bitcoin has in a economy based around oil and tourism involving the frequent use of contracts etc.
The views expressed in this article are of the author and not of the site. The article does not constitute to investment advice and investments should be made at your own risk as NairaEX or the Author can not be held liable for financial loss.