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Bullboard - Stock Discussion Forum Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Financial Services
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 > PayPal vs Banxa..
View:
Post by Vancity1 on Aug 17, 2023 2:10am

PayPal vs Banxa..

Not looking good for Banxa the self discribed PayPal of crypto according to the founder Dom. PayPal is evtering the space in a big way and fast partnering with Ledger and others who Banxa is already a partner, essentially eating Banxas breakfast lunch and dinner. 

how Does Banxa stay relevant ? Where is the urgency ? Banxa is running out of liquidity fast with debt servicing and cash burn. 

Banxa needs to sell to the highest bidder urgently...

Comment by Short0This on Aug 19, 2023 8:59pm
You cannot buy other cryptocurrencies with PayPal only the Paypal stable coin PYUSD. Paypal's entrance into the crypto sphere isn't a competitor to Banxa. Its direct competitors would be business-like Tether (TUSD), and (USDC). It makes me wonder if your invested in Banxa for the right reasons if you can not realize this.....
Banxa Holdings Inc
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