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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 Sep 10, 2021 8:18am
168 Views
Post# 33838808

DeFi

DeFiGood rates of interest as compared to banks/bonds are available on DeFi .This is however changing ,BlockFi which was paying 8%on USDC and 4% on Ethe has recently changed its interest rates to only allow these rates on smaller amounts of money .VYGR offers similar rates .Coinbase was wanting to offer 4% on USDC but is being blocked by the SEC.So how long the regulators are going to allow this is the question ,
One of the reasons Algo has been such a star performer is that it pays 4% on Coinbase (I have some)
So in summary the long term outlook of BNXA is tied to the Crypto market ,what your personal opinion of the future of these markets should guide your investment decisions with respect to BNXA,
Personally I have invested more in the actual Cryptos than the stocks(VYGR and BNXA),never bought COIN,it is quite easy to set up an account for example at Coinbase ,the problem is the trading fees are very high but Coinbase is a big company and therefore probably safer .As a particular Alt Coin goes parabolic I have been selling ,their is likely going to be rotation amongst alt coins,but my opinion is that we are coming to the end of this bull market in Cryptos ,others will have a different opinion .This is guiding my trading strategy in BNXA and VYGR.

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