[2015-11-27] Bitcoin Gains Momentum In The Middle East

[jdebunt]

When it comes to the financial sector, talking about the Middle East seems to be somewhat of a taboo. However, there is a major market waiting to be tapped, and Bitcoin can play a major role in the process. Regardless of how Bitcoin is perceived by mainstream media, there is no denying digital currency offers major advantages for online commerce.


http://themerkle.com/news/bitcoin-gains-momentum-in-the-middle-east/

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[Kprawn]

The negativity connected with the Middle East is actually unfair to the people, who are using Bitcoin legally there. Some of the wealthiest people in the world live in the United Arab

Emirates and it's smack dab in the middle and a great tourist destination. If they accept Bitcoin there, loads of contract workers coming from other countries could use it for

remittance too. 

[rammy2k2]

it will be very hard to break the negativity connected with the arab world + bitcoin.
i think Dubai can bring some positive light upon bitcoin, there are some big players there who can do that

[botany]

The negativity connected with the Middle East is actually unfair to the people, who are using Bitcoin legally there. Some of the wealthiest people in the world live in the United Arab

Emirates and it's smack dab in the middle and a great tourist destination. If they accept Bitcoin there, loads of contract workers coming from other countries could use it for

remittance too. 

International trade, tourism, remittances - there are a lot of applications for Bitcoin in the Middle East.
If we get greedy, we can also think of payment for oil being made in bitcoins.