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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 BigBangOriginson Dec 13, 2021 9:13pm
115 Views
Post# 34227450

RE:RE:Cryptos

RE:RE:CryptosAbedim,

You've pointed to a critcal aspect of Banxa's business model that TSXV investors, who I believe are traders/short sighted, don't fully appreciated. Banxa benefits from crypto volatility, which drives transaction volume in and out of exchanges. To your point, if crypto prices stagnate for too long, it could lead to a souring of investor sentiment, thus a drop in transaction volume. However, crypto interest only seems to be going up and I believe it is going mainstream. Now versus about 2 to 3 years ago, almost every major financial instituation is investing in crypto, it is constantly being discussed on major business news channels (e.g., CNBC, Bloomberg, etc.), congress is inviting major crypto players to discuss the future, etc. All these things are translating into increased volume across exchanges, regardless of the price of cryptos.

Crypto will continue to grow, albeit with bumps and bruises along the way. That's the nature of any emerging market/tech. Banxa is positioned to be one of the biggest beneficiaries of the crypto revolution. 

Good luck to all the longs!
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