EBON - Ebang's Ebonex partners with Mastercard to launch crypto-linked card

• Ebonex, the Australian cryptocurrency exchange owned by Ebang International's ( NASDAQ: EBON ), is working with Mastercard ( NYSE: MA ) to enable a crypto-linked card after obtaining a Principal Membership with the payments giant.
• In an effort to extend its market reach, the exchange obtained a Principal Membership with the payments giant to self-issue the payment cards.
• The Mastercard-powered card will provide Ebonex customers the ability to spend their crypto holdings at any merchants accepting Mastercard ( MA ).
• Furthermore, Ebonex is planning to issue both virtual and physical cards to its customers. The card will also reward users in the form of digital assets, non-fungible tokens, cashback and frequent flyer points.
• Ebonex officially received registration approval as a crypto exchange in February from the Australian Transaction Reports and Analysis Centre.
• The move comes just a day after Mastercard and crypto exchange Binance launched a crypto prepaid card in Argentina .

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