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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by arh0070on Sep 11, 2021 8:15am
233 Views
Post# 33844720

Cryptos

CryptosThat's a good question to which there is no easy answer .First these markets are extremely volatile.So its easy to make or loose money in an hour.When things were really blowing and going before the big correction ,I took a nap and after I woke up my Crypto account was up 20K !!!.One can easily loose just as much just as quickly and I have .
My stepson is a very gifted computer programmer for Amazon ,he told me about Cryptos about 15-18 months ago and suggested I buy some ETHE ,I was the only person to listen to him ,Ethe was then around 200$ a unit.Subsequently I have done a lot of reading and research primarily by listening to you tube videos.It doesn't take long to figure out who is talking B/S and who knows what they are talking about .For some reason that I dont understand ,technical analysis seems to work fairly well for Cryptos .So most of my opinion on Cryptos is based upon a couple of really good Crypto technical analysts who put out videos every day .
When you look at the Crypto market there are signs of an upcoming top.Just look at what is happening with NFTS,Sothebys recently auctioned off an NFT digital picture of a monkey for 25 million!!!!Governments especially China but also the US are regulating Cryptos more and more .
Governments have printed money like crazy creating bubbles and bubbles always end .When all this will end is anyone's guess .Both ETHE and Bitcoin are especially Bitcoin are not technically performing very well and we are in Alt season ,in the past this has signaled the beginning of the end of a particular bull run and this is the third in the Cryptos in the last 8 yrs or so.
As I have said multiple times in my opinion Bnxa is totally dependent upon the health of the Crypto market ,the leadership of BNXA obviously has a different opinion upon the outlook for Cryptos than me as  they are rapidly expanding the company ,as they are experts and I am an amateur investor I am sure they are correct or are they???That is the question .
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