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Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Efforts – Press Release Bitcoin News
press release
PRESS RELEASE. Dubai, United Arab Emirates, March 2023 – MaskEX, a fast-growing third-generation crypto exchange headquartered in Dubai, has announced the launch of its crypto-backed virtual card, enabling users to use 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.
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. Notching nearly 4 years at AAX, Mr. Caselin has been instrumental in driving the mainstream adoption of bitcoin and digital assets through the platform, particularly in emerging markets. At MaskEX, Mr. Caselin will oversee all global and localized marketing, communications and business development initiatives.
“We are excited to offer our users the ability to spend crypto wherever and whenever they want with the launch of the MaskEX Virtual Card,” said Eric Yang, CEO of MaskEX. “Our vision is to make crypto more accessible and find ways to integrate crypto more into people’s everyday lives.”
“We are also delighted to be joined by Ben Caselin, not only because we believe he can play an important role in our global expansion efforts, but also because of the dire situation he has witnessed firsthand in AAX, following the collapse of FTX in late 2022. As we’ve observed, he puts users before business, and in reaching out to Ben, we’ve specifically asked him to be uncompromising and scrutinize our operations.”
“As a third-generation crypto exchange, we are one of only 18 centralized exchanges globally to offer Proof-of-Reserves“, said Yang, “and with Abu Dhabi’s Sovereign Wealth Fund, under Sheikh Hamad Rakadh Salem Hamad Alameri, as a major stakeholder, we know we are in a very good place to compete with the world’s largest trading platforms.”
Upon joining MaskEX, Caselin stated that “while the industry continues to suffer from contagion and a severe lack of investor confidence, we cannot afford to give up now.”
“At this stage in the development of this nascent industry, properly managed centralized exchanges can still play an important role in raising awareness of digital assets, providing a point of contact for regulators, working with the existing banking sector and payment providers to accelerate integration, and, of course, to drive mainstream adoption of bitcoin and digital assets everywhere.”
About MaskEX
Headquartered in Dubai, UAE, MaskEX is a third-generation centralized crypto exchange, founded in 2021, that aims to provide easy and secure access to digital assets for everyone. With a wide range of innovative products and services, MaskEX is committed to empowering users globally 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 beginners and experienced traders to navigate the crypto market. The exchange offers a comprehensive range of products, including savings packages, over 300 spot pairs and deeply liquid futures markets. In addition, MaskEX offers a variety of entry and exit products to help users easily convert fiat currency into digital assets and vice versa. With a growing user base of over one million users worldwide, MaskEX is dedicated to advancing the use of digital assets and building a more inclusive economy for all smart cities and their residents.
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