Bitcoin buying and selling platform BitQuick took to social media on Wednesday, posting that they have launched a trading platform for the Middle East, allowing enthusiasts in the region to buy and sell bitcoin.
While details weren’t abundant, BitQuick says they’ve launched support for six currencies (including the USD), making the buying and selling of the digital currency available in: Jordan, Palestine, Egypt, Lebanon, Kuwait, United Arab Emirates, Qatar and more.
BitQuick is one of the few companies in the bitcoin sector to focus their attention on the Middle East at a time when many other companies seek to expanding in North & South America, Europe, and Asia.
BitQuick has even launched a dedicated site for prospective Middle Eastern customers at BitQuick.me.
According to the website, users can buy bitcoin “instantly with Cash Deposit or Bank Transfer from sellers with Bitcoins already in escrow for a low 2% fee,” and can subsequently sell the bitcoin with no fee.
Of course, it will be interesting to see whether or not there will be a market for this type of service in the Middle East. As mentioned, most of the news in the bitcoin world generally tends to come from elsewhere in the world, but time will tell just how worthwhile this new venture will be.