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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 Order66on Mar 27, 2021 3:18am
195 Views
Post# 32892175

RE:RE:RE:RE:RE:RE:RE:RE:End of day push for green !!

RE:RE:RE:RE:RE:RE:RE:RE:End of day push for green !! I've listened to it a few times and the way he states it isn't overly clear. 160mm to 170mm ttv he says at one point, at another he says above160mm ttv. It seems like he's talking about the quarter, but 160mm ttv would likely only represent a very conservative estimate of 35mm for March which would seem impossible after 55mm in Jan and 70mm ttv for Feb. So either they plan to do 160mm in March alone, or he'sprovided a forward looking ultra conservative estimate for March of 35mm.

The point he made about voyager and Banxa not being competitors was a big one too. Also, coinbase not being a competitor. I think this would also render BIGG not a competitor if I understand their business correctly. 

He also pointed out that he knows the owner of Voyager well and was very complimentary of their business. He explains the possibility of partnership with Voyager as well. Possibly coinbase even. 

Delays on the Banza side were explained as having to do the manual work of verifying KYC if the system can't do it on its own, so then there is a problem of scale to solve for with people. Yet, this cost is relatively low (described as providing people with laptops)

Anyways, there was alot in there! 
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