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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 Mar 05, 2024 7:27pm
110 Views
Post# 35916933

Prediction

Prediction IMO, I don't see this company making it past this cycle. Every time this comapny has said they are raising capital to use for transaction liquidity they end up burning it all on salaries, interest expenses, foreign exchange loses and everything else they lose money on. I think the party is over this is left over garbage from last cycle and the only reason it's here still is because the insiders who have money have leant the company money at 25% apr in order to keep there jobs, essentially funneling the money right back to there bank accounts via paycheques and internet earned at predatory rates. There is zero liquidity in the shares trading on the OTC and tsxV combined. Even if miraculously sow volume appears to pump and dump this, it will disappear as fast as it appeared. 
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