press release {/netabare}
PRESS RELEASE United Arab Emirates, Dubai, March 2023 – MaskEX, a rapidly expanding third-generation crypto exchange headquartered in Dubai, announced the launch of its crypto-backed virtual card, allowing users to use crypto as a fiat at over 50 million merchants in more than 176 countries worldwide This new functionality is based on the use of an ID-authenticated virtual card. This new feature is now available to all ID-authenticated MaskEX users.
MaskEX 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.With nearly four years of experience at AAX, Caselin will be responsible for the development of the crypto platform, especially in emerging markets. He has played a key role in driving the mainstreaming of bitcoin and digital assets through the platform, and at MaskEX he will oversee global and localized marketing, communications, and business development initiatives.
Eric Yang, CEO of MaskEX, said, “We are excited to offer users the ability to use crypto anytime, anywhere with the launch of the MaskEX Virtual Card.” Our vision is to make cryptography more accessible and find ways to better integrate cryptography into people’s everyday lives.”
“We are also delighted to have Ben Caselin on board, not only because we believe he can play an important role in our global expansion efforts, but also because of the terrible situation he witnessed up close at AAX after the collapse of FTX in late 2022. As we have observed, he puts users before business.” In reaching out to Ben, we specifically asked him to closely scrutinize our operation without compromise.
“As a third generation crypto exchange, we are one of only 18 centralized exchanges worldwide offering proof of reservation and with the Abu Dhabi Sovereign Wealth Fund led by Sheikh Hamad Raqad Salem Hamad Alameli as a major stakeholder, we recognize that we are very well positioned to compete with the largest trading platforms in the world.” Yang stated.
In joining MaskEX, Caselin said, “The industry is still suffering from an epidemic and a serious lack of investor confidence, but we cannot give up now.”
“At this nascent stage of the industry’s development, properly managed centralized exchanges can raise awareness about digital assets, provide a point of contact with regulators, work with the existing banking sector and payment providers to accelerate integration, and of course, promote bit They can play an important role in driving the mainstreaming of coins and digital assets.”
About MaskEX
Headquartered in Dubai, UAE, MaskEX is a third generation centralized crypto exchange established in 2021 to make digital assets easily and securely accessible to everyone. Offering a wide range of innovative products and services, MaskEX is committed to empowering users worldwide and contributing to the growth of the crypto and blockchain industry. maskEX offers a user-friendly interface and advanced trading tools, making it easy for both novice and experienced traders can easily navigate the crypto markets. The exchange offers a comprehensive suite of products, including savings packages, over 300 spot pairs, and a highly liquid futures market. In addition, MaskEX offers on-ramp and off-ramp products that allow users to easily convert fiat money into digital assets and vice versa. with over 1 million users worldwide, MaskEX is committed to driving the adoption of digital assets and helping all smart cities and their dedicated to building a more inclusive economy for its citizens.
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