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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 arh0070on Oct 02, 2021 2:24pm
230 Views
Post# 33957697

RE:DEAR: ARH0070

RE:DEAR: ARH0070That's a very difficult question.If the feds raise interest rates it will likely burst the stock market bubble .This will also likely be bad for gold (Us dollar will rise)and Cryptos .
Long term just like China is doing, major western governments/bankers in the long run can't allow money to be invested outside the financial system which they control .
The fed is caught between a rock and a hard place and I think they will just accept higher inflation and keep interest rates lower than expected .
The federal government cannot afford higher interest rates as it is borrowing way too much .
US federal economic policy is disastrous right now,being controlled by socialists  and may get worse almost guaranteeing stagflation.I think we are going to have a return to the 1970,s.
Meantime Cryptos are doing better with Bitcoin being in a short term rally( up about 20%) so this should be temporarily good for BNXA .
Personally being a contrarian I think the best place to invest going forward will be large oil and gas stocks ,they pay dividends of 4-5 % and the price of Oil and Natural gas is going up.
This is just my personal opinion as a private investor and is not investment advice.
If the technical indicators and experts are correct the Crypto bull market has 2-3 months to run at the most .
As long as its legal putting cash into Defi and buying USDC yielding 8% or so is a decent place to put cash, better than the bank which yields about 0.15%.
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