• MaskEX, a Dubai-based crypto exchange, has launched a Virtual Card to enable users to spend their crypto as fiat in more than 176 countries.
• Ben Caselin has joined MaskEX as Vice President to oversee all global and localized marketing, communications and business development initiatives.
• MaskEX is one of only 18 centralized exchanges globally that provide Proof-of-Reserves and Abu Dhabi’s Sovereign Wealth Fund is a major stakeholder.

MaskEX Launches Crypto-Backed Virtual Card

Dubai-headquartered crypto exchange MaskEx has announced the launch of its crypto-backed virtual card, enabling users to spend their cryptocurrency as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all ID-verified MaskEx users.

Ben Caselin Joins as Vice President

MaskEx has also announced that Ben Caselin, former Head of Research and Strategy at Hong Kong-based crypto exchange AAX, has joined MaskEx in the role of Vice President. Drawing on nearly 4 years at AAX, Mr. Caselin will be responsible for driving the mainstream adoption of bitcoin and digital assets through the platform, especially in emerging markets. He will also oversee all global and localized marketing, communications and business development initiatives for MaskEx.

Proof Of Reserves

MaskEx is one of only 18 centralized exchanges globally that provide Proof-of-Reserves which gives investors confidence when trading digital assets on the platform. Abu Dhabi’s Sovereign Wealth Fund is a major stakeholder in the company which helps it compete with other large trading platforms around the world.

Vision Of Making Crypto More Accessible

The launch of the virtual card follows CEO Eric Yang’s vision of making cryptocurrency more accessible by finding ways to integrate it into people’s everyday lives. The idea behind this move is to give users an opportunity to spend their cryptocurrency wherever they want without any hassle or additional fees that come with conversion into fiat currency first.

Building Investor Confidence In An Uncertain Market

In joining MaskEx Ben Caselin stated that „while the industry is still suffering from contagion and a severe lack of investor confidence, we cannot afford to give up now.“ He believes properly managed centralized exchanges can still play an important role in raising awareness around digital assets while providing users with a reliable point of contact for trading activities even during uncertain market conditions like those seen recently after FTX collapsed late 2022..

Von admin