SYDNEY, Australia, Aug. 05, 2022 (World NEWSWIRE) — Ebang Global Holdings Inc. (Nasdaq: EBON, the “Company”, “we” or “our”), a world wide blockchain know-how enterprise, nowadays declared that its Australian cryptocurrency exchange system, Ebonex, has collaborated with Mastercard to allow a new crypto-linked card. Ebonex permits customers to buy, provide and trade crypto assets. This collaboration with Mastercard will give Ebonex shoppers the versatility to devote their crypto holdings anyplace Mastercard is acknowledged by seamlessly converting it into fiat forex the merchant accepts.
With this collaboration, Ebonex results in being the initial Australian cryptocurrency exchange to be granted Mastercard’s Principal Member status for issuance of crypto-funded Mastercard payment cards.
Dong Hu, Chairman and Main Government Officer of the Business, commented, “As a new crypto exchange in Australia, we are privileged for Ebonex to achieve a Principal Membership with Mastercard to self-issue crypto-linked Mastercard playing cards. It is an astounding opportunity for us to increase our sector arrive at and attain recognition in the payment and money region. We will look to develop on this collaboration and get the job done closely with Mastercard to allow a crypto card solution in the region.
We prepare to concern each digital and bodily playing cards to our customers and for the cards to reward people in the form of electronic property, NFTs, cashback, repeated flyer factors, lounge entry and subscriptions to on the internet media and audio.”
Mr. Hu ongoing, “Joining the Mastercard community will present us with the prospect via Ebonex to push innovation in the crypto and payment area in Australia. We imagine that the means to collaborate directly with Mastercard, a world-wide leader in payment technologies, will foster the development of alternatives, which will enable customers, merchants and corporations to shift digital assets via the world wide Mastercard payment community. This is an crucial milestone and we are on the lookout ahead to Ebonex getting to be the bridge between standard finance and cryptocurrency.”
About Ebang Global Holdings Inc.
Ebang Global Holdings Inc. is a blockchain technological know-how corporation with potent application-particular integrated circuit (ASIC) chip design and style capacity. With decades of market encounter and skills in ASIC chip design, it has become a global bitcoin mining machine producer with continuous obtain to wafer foundry capability. With its licensed and registered entities in numerous jurisdictions, the Enterprise intends to launch a skilled, handy and progressive digital asset monetary support platform to develop into the upstream and the downstream of blockchain and cryptocurrency market price chain. For additional facts, please go to
This push release consists of ahead-hunting statements in the this means of Section 21E of the Securities Exchange Act of 1934, as amended, and as described in the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements contain, without limitation, the Company’s progress designs and business enterprise outlook, which can be determined by terminology this kind of as “may,” “will,” “expects,” “anticipates,” “aims,” “potential,” “future,” “intends,” “plans,” “believes,” “estimates,” “continue,” “likely to” and other similar expressions supposed to recognize forward-wanting statements, even though not all ahead-seeking statements have these pinpointing phrases. Such statements are not historical info, and are based mostly upon the Company’s present-day beliefs, strategies and anticipations, and the existing marketplace and running situations. Forward-wanting statements entail inherent identified or unfamiliar risks, uncertainties and other variables, all of which are hard to forecast and a lot of of which are past the Company’s handle, which may result in the Company’s actual success, effectiveness and achievements to vary materially from those contained in any forward-wanting statement. Even more facts relating to these and other risks, uncertainties or components is involved in the Company’s filings with the U.S. Securities and Trade Fee. These forward-looking statements are manufactured only as of the date indicated, and the Enterprise undertakes no obligation to update or revise the details contained in any forward-searching statements as a outcome of new information, potential gatherings or in any other case, besides as needed less than relevant regulation.
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