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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 Aug 14, 2023 12:42pm
165 Views
Post# 35587201

Shareholder letter

Shareholder letterPersonally I thought the shareholder letter was pretty good .
I guess the author is Arians,the CEO.
Quite clearly there have been a lot of mistakes made over the last two years many of which have been highlighted on Stockhouse over the last two years .
I hope that bnxa management have learnt thier lessons ,they have survived a severe Crypto bear market which is definitely a positive many have not .
Cryptos tend to go in 4 year cycles so one can look forward to a new bull market.
Clearly many governments are anti Crypto as it is outside of conventional markets which they control ,this has resulted in increased governement oversight and regulatory action and bnxa got caught up in all of this.
Shareholder trust has been lost and it will be a slow process to regain it and will only occur with better financial results which need to be reported ina simple and straightforward manner.
I hope there are successful.
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