- $400 million in transactions
for the 9 month period ended March
31
- Record March quarter transactions of $205 Million
- Record transactions of $79.5
Million for the month of March
2021
- 26% quarter-on-quarter increase to 63 network
partners
VANCOUVER, BC, April 6, 2021 /CNW/ - Banxa Holdings
Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00)
BANXA, a Payment Service Provider (PSP) with a mission to build
the bridge between traditional financial systems, regulation and
the digital asset space has announced it's Total Transaction Value
(TTV) results for the month of March
2021. The company recorded $79.5
million AUD in total transactions, up 13% since last month
($70.4 million) and up 696% on the
same reporting period in March 2020.
This brings the TTV for Jan-Mar 2021
quarter to $205 million AUD. This is
a 793% increase from Previous Corresponding Period (PCP). Banxa
also reported over $400 million in
TTV for the nine month period ended March
31.
Holger Arians, CEO of Banxa, said "The digital asset industry
has been undergoing a period of sustained and continuous growth.
This has driven interest throughout the market. The sudden influx
of new users on exchanges and wallets has driven higher demand.
However, the interest in Banxa is largely decoupled from digital
asset pricing. There's interest irrespective of price. If the
market moves downward, clients buy the dip. If it moves upward, new
entrants enter the market for the first time. Holger adds,"This has
placed some strains on the services of digital asset service
providers, including Banxa. We have scaled up our Customer
Experience and Support teams to cope with that extra demand."
In addition to reaching these milestones in the quarter, the
company has also grown it's partner (B2B customer) network from 50
to 63, an increase of 26% from the prior quarter. To view our
latest investor webinar please click on the following link:
https://bit.ly/BNXA-Webinar-31March2021
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"
Dominic Carosa
Chairman (1-888-218-6863)
About BANXA
"BANXA - Banxa Holdings
Inc.(TSX-V:BNXA/OTCQX:BNXAF) is a Payment Service
Provider (PSP) with a mission to build the bridge between
traditional financial systems, regulation and the digital asset
space. Our goal is to onboard the general public to digital
currency by building a fully compliant payment infrastructure that
enables simple and secure conversion of fiat currency to digital
currency. (eg..USD/CAD to BTC/ETH) Banxa has offices in
Australia and the Netherlands. For further information go to
www.banxa.com "
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business,
economic and competitive uncertainties, and contingencies. These
statements generally can be identified by the use of
forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe" or
"continue", or the negative thereof or similar variations.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause future results,
performance or achievements to be materially different from the
estimated future results, performance or achievements expressed or
implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. BANXA's
statements expressed or implied by these forward-looking statements
are subject to a number of risks, uncertainties, and conditions,
many of which are outside of BANXA's control, and undue reliance
should not be placed on such statements. Forward-looking statements
are qualified in their entirety by the inherent risks and
uncertainties of the Company's business, including: BANXA's
assumptions in making forward-looking statements may prove to be
incorrect; adverse market conditions, including risks related to
COVID-19 and risks that future results may vary from historical
results. Except as required by securities law, BANXA does not
assume any obligation to update or revise any forward-looking
statements, whether as a result of new information, events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For Further Information, see www.banxa.com
SOURCE Banxa Holding Inc