34% Monthly Growth with $117 Million Transaction Value Toronto, Ontario and Melbourne, Australia--(Newsfile Corp. - October 12, 2021) - BANXA Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance Reg-tech platform for the digital asset industry, has today announced its results for September 2021. The company has recorded a Total Transaction Value (TTV) of $117.5 mn AUD.
Highlights:
- The company recorded a September Total Transaction Value (TTV) of $117.5 MN AUD - A 34% increase over the previous month
- This TTV represents a 412% increase Y-o-Y.
- For the quarter ending Sept 30, the TTV was $252.3 MN AUD
- Bitcoin and Stablecoins (USDC/USDT) both saw the most significant volume growth - in line with market demand
- Local payment methods such as bank transfer (Interac, SEPA Instant, etc.) had the highest growth, proving that Banxa's local payments provide cheaper fees and more consumer trust than credit cards
Speaking about the results, Banxa CEO Holger Arians said: "It's great to see the market begin to pick up again after a few months of uncertainty. We believe the future of the digital asset space will be driven by deeper integration with traditional payments and financial services, and building the infrastructure to achieve this is our core objective. More rigid compliance protocols, greater transparency and more local payments are the key areas we have focused on, and the market has responded to this."
Banxa's 2-layer platform of payments and compliance infrastructure for cryptocurrency exchanges and DeFi platforms has created significant and sustained interest in the company, largely as a response to increased regulatory scrutiny of the digital asset space. This response from regulators has impacted a number of players in the sector, both large and small. Banxa is actively expanding in all major markets, including North America, the EU, and Asia Pacific and is actively pursuing further licensing and regulatory recognition in those markets.
https://www.newsfilecorp.com/release/99323