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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 Jul 07, 2022 12:01pm
277 Views
Post# 34808580

Twitter

TwitterThe June 2022 TTV results were announced on Mr Carosas Twitter account .
June 2022 TTV 60 million AUD
June 2021 TTV 53 Million AUD .
I am not sure if this is different in US dollars due to the decline in the Aussie dollar in the last year.
The South African economy is in extremely poor shape due to incompetent government policies as they head down the well trodden path pioneered by Mr Mugabe in Zimbabwe.However due to loss of value of the South African currency this may encourage locals to buy Cryptos to get money out of the country .
Crypto markets seem to have temporarily stabilized.After the massive fall in price of BTC and the Alt Coins one would expect some type of retracement ,lets hope so .News couldn't get any worse in this space ,so hopefully we are close to the bottom .It will be interesting to see the quarterly results of BNXA due in about 6 weeks ,I am not sure if any of thier cash balance was kept in BTC .Cash burn rate ,cash balance and whether they are borrowing to fund operations will give a good indication as to whether Bnxa will survive this bear market .
Growth is over for a while in this space ,survival is the name of the game .
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