CSE:LYNX - Post Discussion
Post by
maysilverstone on Sep 02, 2021 2:51pm
Lynx Completes First Phase of Acquisitions Ahead of Schedule
$LYNX up to $0.33 today with a mc of $31.82M.
They announced at the beginning week that they completed the first phase of acquisitions ahead of schedule! They completed the acquisitions of Direct Agent 5, Binangonan Rural Bank, and DA5 Australia, and improved operations to create a unified global payment network.
- Direct Agent 5- a Philippines-based central bank
- DA5 Australia- Australian fintech pioneer and registered owner/operator of an Australian Digital Currency Exchange and Remittance License
- Binangonan Rural Bank- Rural Bank with an Electronic Money Issuer license
Strengthening these operations and completing these acquisitions allows Lynx to aggressively pursue the Southeast Asia market where more than 70% of the adult population is unbanked/underbanked with limited access to financial services. This represents lots of potential with the financial services industry in this region!
Another one of their partnerships includes a worldwide card issuing partnership with UnionPay, giving them access to the worlds largest cardholder base.
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