Highlights
- Banxa has added 17 new coins since March with a
combined daily trading volume of $8.5 bn
USD
- User improvements include a new Order Management
dashboard with aim of >99% of orders processed in 20
mins
- The company has added SEPA Instant (SCT Inst) allowing
EU based customers access to instant settlement, with US wire
transfers to follow
TORONTO and MELBOURNE, Australia, Aug. 31,
2021 /CNW/ - BANXA Holdings Inc (TSXV: BNXA)
(OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"),
the world's fastest-growing, public payment service provider (PSP)
for the digital assets industry, is pleased to
announce a host of new product upgrades to help customers and
partners access cryptocurrency simply and efficiently.
The Company has added 17 new coins throughout August,
including AAVE, Dogecoin, Enjin Coin, CELO, Avalanche, Compound and
MATIC/Polygon. All recently launched coins have been evaluated by
Banxa's legal and compliance teams. These new coins allow end users
of Banxa's partners to access new digital services such as
Decentralised Finance (DeFi). These and other coins have been added
to our partner platforms for purchase. For more information on the
coins available on Banxa click
here.
The company has a number of product enhancements now live
to continue improving the customer experience. This week the
company launched its new Order Management screen with the aim to
assist customers by simplifying the order process. The screen
allows end users to easily understand next steps are to complete
the transaction, this helps improve conversion, making Banxa's
service even more valuable to its partners.
Banxa has also extended its US coverage with US wire
transfers for North American customers, and European coverage with
'SEPA Instant Credit Transfer' (SCT Inst) for eligible customers.
This will allow end-users with SCT Inst ready accounts to purchase
coins faster by enabling pan-European credit transfers and funds
being available in accounts within ten seconds. Banxa's aim is to
get >99% of coin purchases to under twenty minutes, and SEPA
Instant payments is an important step in this process.
Holger Arians, CEO of Banxa said, "Banxa's mission is to
bring fair and equal access to digital assets to everyone,
regardless of geography. To do that we are working hard to
add more local payment methods while at the same time improving the
buying experience of our customers, and conversion rates for our
partners."
ON BEHALF OF THE BOARD OF DIRECTORS
Per:
"DOMENIC CAROSA" https://twitter.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)
ABOUT US
Banxa Holdings Inc.
(TSX-V:BNXA / OTCQX:BNXAF / FSE:AC00)
Banxa powers the world's largest digital asset platforms by
providing payments infrastructure and regulatory compliance across
global markets. Banxa's mission and vision is to build the bridge
that provides people in every part of the world access to a fairer
and more equitable financial system. Banxa is headquartered in
Melbourne, Australia, with
European headquarters in Amsterdam, 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.
SOURCE Banxa Holding Inc