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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

Comment by BCdudeon Feb 03, 2021 2:19pm
96 Views
Post# 32460320

RE:Lost sleep over margins

RE:Lost sleep over marginsRankin, Yes, I saw that in the Sept financials. Will be intersting to see what their margins are moving forward. What excites me about this stock -- apart from massive volume growth -- are the new crypto financial products they will start intriducing. They're building a whole ecosystem that will take a number of quarters to play out, but the fees are only one part of that.

rankininlet wrote: Thinking about the 0.7% margin in Sept 2020 f/s caused me to sell this morning.  Out of this name for second time. Until there is clarity on margins its not for me.  


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