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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 Oct 29, 2021 10:33am
312 Views
Post# 34063025

Bnxa

BnxaIt's a pretty good result for BNXA,they have preserved there capital balance at 25 million AU$ ,so presumably no need for a capital raise anytime soon.
VYGR which reported its results this morning is generating lots of cash and up 60% over the last 2 days .I sold out that position this morning also ,so no BNXA or VYGR.Made a decent profit on BNXA and a small profit on VYGR ,No matter what each company says they are dependent upon the health of the Crypto market .I prefer to trade Cryptos though gas fees are high .
There may be a short term oppurtuntiy to make money on either if the widely predicted 5th Elliot wave arrives ,ETHE hit an all time high overnight ,which represent a 22 bagger from 18 months ago ,lots of headlines about meme coins especially Shiba ,somebody has made several billion dollars from 8000$ investment in Shiba .Just crazy and will not continue in the long term .Perhaps things will be good for the next couple of months and then watch out .
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