Omar Kassim, the founder of Dubai-based ecommerce platform JadoPado that was acquired by Noon last year has announced his latest project; BitPado, a crypto exchange for Middle East, Africa & Asia. He made the announcement on Twitter earlier this morning.
Super excited to announce that we're working on @BitPado, an upcoming crypto exchange and OTC market for the Middle East, Africa and Asia 🚀— Omar Kassim 🤲 (@okassim) January 21, 2018
Sign up for early access: https://t.co/u8t6Jnmore pic.twitter.com/XSD1Ebpveh
The announcement comes at a time when BitOasis, one of the leading crypto exchanges in UAE have raised an investment from some leading regional and international investors.
Last year, Omar had joined Noon as a CTO after JadoPado’s acquisition but he left the company within few weeks and announced three months later that he’s working on Esanjo, a global real estate asset management business on Ethereum blockchain.
In November last year, however, Omar announced in a blog post that they have decided to scrap the idea for now and Esanjo now will be creating, building and investing in technology businesses instead.
“After spending a number of months together with our engineering team exploring today’s blockchain space, it feels like our timing is off. Whilst blockchains remain a fundamentally interesting piece of technology, the rapid iteration — whilst inherently a good thing, makes it difficult to build a stable product.”
We reached out to Omar to learn more details about BitPado but he’s not ready to spill the beans yet.
- Dubai-based crypto exchange BitOasis raises $30 million Series B to accelerate growth - October 6, 2021
- Saudi customer engagement platform Unifonic raises $125 million from SoftBank, others - September 15, 2021
- Egypt’s Capiter raises $33 million Series A for its B2B ecommerce marketplace - September 14, 2021