Ebonex Made an Exclusive Partnership with Mastercard

Image from Cointelegraph

This is a piece of exciting news for the Australian crypto enthusiast!

Ebang International Holdings Inc. a global blockchain technology company made an announcement on August 05, 2022 that its Australian cryptocurrency exchange platform, Ebonex, has collaborated with Mastercard, an American multinational financial services corporation, to enable a new crypto-linked card.

This partnership is indeed a significant achievement for Ebonex as they become the first Australian cryptocurrency exchange to be acknowledged Mastercard’s Principal Member status for issuance of crypto-funded Mastercard payment cards. Since Mastercard is accepted by seamlessly converting it into fiat currency the merchant accepts, this will be beneficial to Ebonex users as it will give them the flexibility to spend their crypto holdings anywhere.

About Ebonex

Ebonex is an Australian cryptocurrency-based trading platform that specializes in buying and selling services of blockchain and crypto commodities. It supports major cryptocurrencies, such as Bitcoin and Ether (ETH), as well as stablecoin Tether (USDT)After establishing itself in 2021, Ebonex believes everyone should be given equal opportunity and accessibility to understand, engage and utilize crypto, and aims to drive mass adoption of crypto through its product and service offerings, as we evolve into a new world of finance.

What Lies Ahead of this Notable Collaboration

According to Dong Hu, Chairman and Chief Executive Officer of Ebang International Holdings, Having the privilege to join the Mastercard network will give them an opportunity through Ebonex to drive innovation in the crypto and payment space in Australia considering the fact that they are a new crypto exchange in Australia.

In the near future, the company is also planning to accommodate or provide both virtual and physical cards to their customers and for the cards to reward users in the form of digital assets, NFTs, cashback, frequent flyer points, lounge access, and subscriptions to online media and music.”

Author’s note:

I am more than excited to see what will be the progress of this significant partnership and the impact it will bring to Australia. I can say that the initiative of Ebang will be the first of many more partnerships or collaborations with other established companies like Mastercard.