YellowPay, a funded bitcoin payments company built for The Middle East and North Africa, has ceased its operations for undisclosed reasons, members of its founding team told CoinDesk.
Founded in 2014, the company, the first industry startup in the Middle East by some accounts, aimed to build tools to make Bitcoin payments easy, risk-free, and accessible to everyone.
Last May, YellowPay brought in former managing director for PayPal Elias Ghanem as a senior advisor. This announcement, however, marks the last update on the official blog post.
http://www.econotimes.com/UAEs-bitcoin-startup-closes-its-doors-212611
