Bullboard - Stock Discussion Forum 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... see more

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TSXV:BNXA - Post Discussion

Banxa Holdings Inc > BNXA - Moving Much higher

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Post by Urbani on Jan 11, 2021 8:17am

BNXA - Moving Much higher

BNXA market cap will be revised upwards very soon once the Shares of the old shell and some profit taking is done. 4th day of trading starts today.

VYGR - 'virtually' same revenues and 5.45 times market cap of BNXA. My opinion BNXA revenue per quarter will yet still be higher than VYGR .... again.

BNXA makes a percentage off of transactions like commission selling a house. Maybe to simple to explain it, but is a hot market people are buying and prices go up and commission revenue goes up. It a ecomomic downturn, people are selling their places faster and prices go down, but the volumes are still there for revenues.

BitCoin end of Sept 30th averaged about $10,700 so $84,000,000,Million in transactions for BNXA, revenue was up. $111,000,000 Million in transactions to Dec 3`st 2020 BitCoin Averaged about $20,000 ... so revenues should be up from the number of transactions as it is becoming popular and the average price is almost douuble in BitCoin quarter over quarter. So revenue should be up.

Just my simple take looking at some of the history. But the real story is the increase in transactions as the tech has got better and the reach of BANX is being accepted in many more Countries around the World now and B2B is growing fast and the large part of the BNXA busniess.

FYI - for all 2020 in October came out with news that - for NetCents )NC) was like $27,000,000 in transactions

BNXA - $84,000,000 in transactions at that time. Both right now are almost same market cap.

Be interesting to see the future results, BNXA has been spending last 3 Months trying to get listed, but yet increases to $111,000,000 in the quarter, wonder where NC landed? Looking forward to seeing the revenues...

Either way, the NEW "currencies" are here to stay and are growing. If Bitcoin drops to $30,000 it is still a 50% increase over last quarter. So more revenues on %;s and more people and busniesses are being added and making more transactions as BNXA keeps growing with the technology and working with Goverments around the World.

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