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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

TSXV:BNXA - Post Discussion

Banxa Holdings Inc > Bottlenecks
View:
Post by Order66 on Feb 21, 2021 9:12pm

Bottlenecks

I see on the Facebook page that they're experiencing delays in processing (a good problem) - but next time we have a chance to ask, we should find out how they're addressing this problem.. if they're adding capacity etc.
Comment by alleyesonme on Feb 21, 2021 10:11pm
Hey order66. Nice! Just like the other week when they were experiencing delays due to unprecedented transactions. In the last webinar the founder said they currently have the capacity to process up to 1.1billion within a quarter. It will be interesting to hear how much transaction volume has taken place on the days experiencing delays. like you said they need to address this issue. Great question ...more  
Comment by cryptoangel on Feb 21, 2021 11:28pm
Just to clarify, my understanding form the Chair was the system can handle $1B per quarter at the systme level, but this would require more poeple (with laptops as the only capex) to process the increasing transactions. I think that is the current issue that tops our capacity. 
Comment by alleyesonme on Feb 21, 2021 11:44pm
Same recollection here. The current infrastructure supposedly can handle heavy volumes. Question for Banxa; how much volume does it take in what timeframe to cause delays. I'm sure they are working on improving the system to handle big volumes in short timeframes. Acknowledgement and assurance from banxa is what were seeing in these Facebook posts.
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