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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 Vancity1on Jun 29, 2023 12:20am
260 Views
Post# 35519815

What a disaster.

What a disaster.Company got lost in onboarding a zillion feces coin companies. Should have focused on Bitcoin and being the most popular because of affordability Bitcoin on-ramp. A kinda loss leader where they make a tiny amount on the Bitcoin on ramping and once those new customers have been through the AML KYC process they can then make a bigger margin selling the feces coins. A little late none the less the company looks to be spending $100k Canadian on a marketing company. What ever happened to those offers to be acquired ? Maybe the potential buyers backed out ? Maybe that was fake news to prop the share price before the halt ? I can be sure only a high up insider like Domenic would know what happened with that strange situation. 
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