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.
