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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 Noscamson May 06, 2021 1:09pm
120 Views
Post# 33141630

RE:RE:Ok... the company is and has been making

RE:RE:Ok... the company is and has been making
Urbani wrote: noscams - I doubt that is the issue... If you look at Dec. and take off the g opublic portion... those are the numbers ... Project that going forward.... the company has been very transparent VERY...

New staff and such, Yes more costs... However no where near what other companies in this space have to spend ...

The Company here is scaleable and have shown that in a number of presentations Some I know you have seen...

So why would the burn rate be high...

Little confused as to your post...

Revenues are doing great... how can the burn rate be as high?? what are you thinking .. are you saying the company is not telling the truth about the burn rate? What are they burning it on... NOT a new listing anymore...




Urbani.... I dont know why you would be confused about my post ... there are always numbers about how much they have increased in income ect ... but never anything about overhead or whats being paid out . The last numbers that came out were again great . But we are down again today . It does not matter what you are making , if you dont know what you are spending .
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