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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Banxa Holdings Inc > Service fees

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Post by Jimmy73 on Mar 10, 2021 7:17am

Service fees

Just wondering does anyone know if the service fees are always charged in fiat currency or is it every charged as a portion of the crypto currency? Depending on which way the conversion is taking place. Like fiat to crypto or crypto to fiat? The idea of regularly earning crypto could be huge but wouldn't show up as revenue on the financial statements.

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Comment by Urbani on Mar 10, 2021 7:49am

Jimmy ... great question... I think we should ask Van to get on that too... "The idea of regularly earning crypto could be huge but wouldn't show up as revenue on the financial statements." BNXA did not have BitCoin when I invested in them last Year ... I only heard about taht recently ... They had $8,000,000 BitCoin as of Dece 31st, 2020 Interesting .... Indeed... Where did ...more

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Banxa Holdings Inc