Ola Doudin, a female Jordanian entrepreneur, has launched a bitcoin wallet and exchange, BitOasis, in Dubai, after having difficulty finding any place to buy bitcoin in the region, according to The National Business in the United Arab Emirates.
BitOasis plans to be the first bitcoin company in the Middle Eastern and North Africa (MENA) region to be registered in a major technology center in the region, according to its website.
The wallet service is available in the Middle East, North Africa and Asia. Users in Saudi Arabia, the UAE, Kuwait, Qatar and Bahrain can also use the exchange service by sending money to a BitOasis bank account and exchange it for bitcoins for a 1% fee. BitOasis offers users multi-signature wallet security, according to its website.
A Niche In The Middle East
Doudin moved back to Jordan after leaving her job in London’s finance industry following the 2008 global financial crash. She moved back to Jordan just as the Arab Spring uprisings were sweeping the region. In