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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 Jul 08, 2023 12:05pm
126 Views
Post# 35532136

Bnxa

BnxaBnxa traded and closed at 70 cents us on the pink sheets Friday .Just a few thousand shares .That would predict an open of around 1$ canadian on Monday.It was delisted for 7months.The Crypto winter seems to be over and bnxa has survived.Coin despite a lot of bad news is up about 50% from the low.
I have not be able to access detailed financials for bnxa including current cash reserves ,cash burn rate ,what has happened to the loans from the hedge fund at high interest rates.It will be interesting to see what happens to trading on Monday and whether a cash raise happens in the future.
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