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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 rankininleton Aug 08, 2021 6:45pm
166 Views
Post# 33670027

Response to auth0070

Response to auth0070 I appreciate well thought out posts.  I liked your post.  Thx.  I think the reason BNXA stock is not getting traction is unclear.  Note that BIGG rev dropped almost 2/3 for netcoin platform.  It was 1.95 million in May and dropped to 700k in June.  Per CNBC article of July 12th, the big platforms took a hit of more than 40% volume from May to June.  BNXA TTV was 127mn in May and dropped to 53mn in June.  This is 58% drop for BNXA vs 64% dip for BIGG's netcoins.  Only conclusion is that big platforms dipped less than BIGG and BNXA and BNXA dipped less than BIGG.  I hold COINBASE but watch BNXA.  Right now BNXA runway not clear to me hence cannot buy.  I would buy BNXA if purpose of 88 million raise was clear and value proposition was clear. GLTA
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