The Dubai-based Bitcoin exchange site BitOasis announced at TechCrunch Disrupt NY Startup Alley that they have launched a brand new bitcoin exchange platform in the Middle East. The new platform will make it easier to buy and sell Bitcoins in the Middle East and in general in the Arabic world.
With the new platform comes a goal of increasing Bitcoin availability in the Middle East as well as the overall liquidity. Along with the new platform comes a three-key signature wallet for optimal security for account users, one of the keys to success.
BitOasis estimates that they have had around 15,000 user registrations since their launch in January, with the main part of the customers being from Dubai, Morocco, Egypt and Tunisia, but also with customers from other muslim countries.
Being one of the few companies in the Middle East offering Bitcoin exchange services, the company expects to have a great year in terms of transactions and profits. The Bitcoin is becoming increasingly popular to hold in the Middle East and perhaps it may have a future in e-commerce and within regular stores.