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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 Mar 26, 2021 3:43pm
213 Views
Post# 32888077

BNXA

BNXAWell Mr Market does not agree ,Voyager up about 5$ a share in the last 24 hours and Banxa continues to weaken and go down .There is simply no comparison between the two companies despite what the Banxa booster club would have you believe .Might be a decent buy at 2 $ Us a share ,or perhaps the 4$ Canadian that the insiders are getting it at .Paying a massive premium on Banxa over the 4$ Canadian offering price is not a good idea as has been amply demonstrated in the last few days . 
Its pretty obvious that Voyager has a much better business than Banxa and this is why Mr Market is valuing the company much higher .There are lots of pipeline companies  Like Banxa .I happen to own Chainlink which in a defi account yields 6% .Voyager competes against Coinbase but offers more products and at a much cheaper rate ,trading on Coinbase as anyone who knows who uses it is very expensive .The potential revenues for Voyager are mind boggling .
Both are however very volatile and not for the faint of heart .
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