SYDNEY, Australia, Aug. 05, 2022 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company”, “we” or “our”), a global blockchain technology company, today announced that its Australian cryptocurrency exchange- platform, Ebonex, has partnered with Mastercard to enable a new crypto-linked card. Ebonex allows customers to buy, sell and trade crypto assets. This partnership with Mastercard will give Ebonex customers the flexibility to spend their crypto holdings anywhere Mastercard is accepted by seamlessly converting it to merchant-accepted fiat currency.
With this collaboration, Ebonex becomes the first Australian cryptocurrency exchange to receive Mastercard Principal Member status for the issuance of crypto-funded Mastercard payment cards.
Dong Hu, Chairman and CEO of the company, commented: “As a new crypto exchange in Australia, we are privileged for Ebonex to achieve a master membership with Mastercard to self-issue crypto-linked Mastercard cards. It is a fantastic opportunity for us to expand our market reach and gain recognition in the payments and finance space We will look to build on this collaboration and work closely with Mastercard to enable a crypto card product in the region.
We plan to issue both virtual and physical cards to our customers, and that the cards will reward users in the form of digital assets, NFTs, cashback, bonus points, lounge access and subscriptions to online media and music.”
Mr. Hu continued, “Joining the Mastercard network will give us the opportunity through Ebonex to drive innovation in the crypto and payments space in Australia. We believe that the ability to work directly with Mastercard, a global leader in payments technology, will promote the creation of solutions that will enable customers, merchants and businesses to move digital assets through the global Mastercard payment network. This is an important milestone and we look forward to Ebonex becoming the bridge between traditional finance and cryptocurrency.”
About Ebang International Holdings Inc.
Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capabilities. With years of industry experience and expertise in ASIC chip design, it has become a global bitcoin mining machine manufacturer with steady access to wafer foundry capacity. With its licensed and registered entities in various jurisdictions, the company intends to launch a professional, practical and innovative digital asset financial services platform to extend to the upstream and downstream value chain of the blockchain and cryptocurrency industry. For more information, please visit
Forward-looking statement
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Tina Xiao
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