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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 Jan 03, 2023 10:43am
233 Views
Post# 35200596

Bnxa

BnxaNo news on the audit .I personally dont understand why some financial info has not been released,
how about monthly TTV ,surely that info is available on a daily basis .One could validly ask Is the audit a smokescreen????I dont know but when things were booming ,financial info was released with great fanfare .Now nothing ,didnt seem to require an audit 18 months ago  .
The bid/ask on the pink sheets is a little better ,very lttle trading however.
Tax loss selling for 2022 is over, though I dont know if it was technically possible to buy in Canada on the venture exchange and sell in the Us on the pink sheets .i would assume that a lot of the shares are held in Canadian accounts bought on the Venture but dont have any data.
Meantime in Crypto world things are not any better ,BTC and Ethe in a trading range .
News today about a billion dollars of customer assets being withheld from the Winkelvoss group by an outfit managed by Barry Silber,no idea what that means but financial viability of many Crytpo firms still in doubt in this bear market .Another Crytpo  company closed shop last week.
Eventually the bear market will end ,the million dollar question is when .The liquidity issues in this space is ongoing .
Coin share price seems to have stabilized for now .Quarterly report as to how bad it is will be due in February.
I would think that the bear will end when the general stock market turns around and that is totally dependent upon the fed changing course on interest rates.Unless the fed wants to create a Great Depression one would think that will be sometime this year .
Gold and silver seems to be the place right now .
So we sit and wait .
Mr Carosa still posts on Twitter though nothing of any significance lately with respect to BNXA.
 

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