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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 Abedim15on Jan 05, 2024 6:17pm
131 Views
Post# 35813307

RE:heard fo Wainwright but not the company

RE:heard fo Wainwright but not the companyBased on what? Wainwright analysts like pretty much all analysts are good at explaining why it rained yesterday, They have been covering Banxa for a long while and they have been wrong every single time. Whether or not Banxa succeeds over the next couple of years depends largely on the crypto market and its expansion into web3. Banxa finally looks like they have their ducks in a row. Audit submitted, deadline met, extra funds being funnelled into the administration so that they financial reporting fiasco never happens again. Dom is gone, the new Board member has put his money where his mouth is. Debt is almost non existent. Staff trimmed by 30%, a good chunk of US licences in place. Partnerships continue to grow which hopefully translates into an increase in TTV. Outstanding shares remain under 50m. All of which means nothing if crypto flounders but if things turn out as some have predicted well then Banxa might just be ready to reap the benefits. At which point, this is no $1 stock.
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