Dubai-based crypto firm to offer payment card

The partnership between BitOasis and Mastercard could make cryptocurrencies more usable for daily purchases.
A sign offering Bitcoin for sale is seen in a store window in Hollywood, California, Oct. 20, 2022
A sign offering Bitcoin for sale is seen in a store window in Hollywood, California, Oct. 20, 2022 - ROBYN BECK/ AFP/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

A cryptocurrency platform in the United Arab Emirates announced today it will offer a card linked to cryptocurrencies. 

The Dubai-based BitOasis and Mastercard will partner to offer “crypto card programs” that will use cryptocurrencies for everyday purchases. The cards will convert the crypto assets into fiat currency, such as US dollars or Emirati dirhams. BitOasis said in a statement that the cards will launch in early 2023. 

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