BANXA Reports 1,000% Transactions Value Increase Year-on-Year for April

Highlights:

  • Total Transactions Value (TTV) for April 2021 was $110 million which represents a 1,000% increase vs. April 2020
  • The company has processed over $310 million in transactions since the beginning of 2021
  • The company has expanded its Operations, Business Development and Compliance personnel, recruiting over 40 new team members to meet the growing demand

BANXA (TSXV: BNXA) (FSE: AC00) (OTCQX: BNXAF) Banxa Holdings, the digital asset payments provider, is excited to announce that Total Transaction Volume (TTV) results for April, has exceeded $100 million for the first time, reaching record volume of $110 million (over 30% increase over previous record).

The company has undergone unprecedented growth over the last twelve months, scaling from $11 million in April 2020 to $110 million this month. At the same time, the company has become registered with the financial authority in The Netherlands and has begun to scale its Asian, European and North American operations.

Holger Arians, CEO of BANXA said "We are thrilled to report another record month, both our partners and our team are working hard, and we are adding new partners every month. The whole digital asset market is booming and is moving into the middle stage of this growth period. It's pretty clear even to the naysayers that digital assets are here to stay.

At Banxa, we think this is simply another sign that the industry is sustainable and maturing. We are building the infrastructure and team that will allow us to best serve the ever increasing number of new market entrants. We see the future of the industry being more transparent, more reliable and safer. We are expanding our compliance and regulatory functions to meet this future demand."

Banxa is a payment service provider and processor for the digital asset space and works by partnering with cryptocurrency exchanges, wallets and DeFi (decentralised finance) platforms to allow their customers to purchase digital assets via multiple payment methods such as credit/debit card, Apple Pay or bank transfer. The company guarantees zero chargebacks to its partners and security to its end users, which aims to give peace of mind to customers in the uncertain crypto space.

ON BEHALF OF THE BOARD OF DIRECTORS

Per:  "DOMENIC CAROSA"
Domenic Carosa
Chairman (1-888-218-6863)

About BANXA

BANXA - Banxa Holdings Inc. (TSX-V:BNXA/OTCQX:BNXAF/FSE:AC00 ) 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 , the Netherlands and Lithuania . 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

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/May2021/05/c9531.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Banxa Holdings

Banxa Holdings

Providing Payment Services For the Growing Digital Asset Space

Providing Payment Services For the Growing Digital Asset Space Keep Reading...
Person using smartphone with digital financial icons and globe overlay.

Avalanche Treasury Co.: Bridging Crypto Innovation and Institutional Finance

Avalanche Treasury Co. (AVAT) represents a milestone in the maturation of blockchain-based digital assets as it transitions from speculative retail tools to mainstream institutional investment vehicles. This newly launched investment vehicle, specifically designed to buy and hold Avalanche... Keep Reading...
Stack of shiny gold Bitcoins on a reflective surface with a purple background.

Crypto Market Update: 21Shares Files for Hype ETF, Australia Moves to Regulate Stablecoins

Here's a quick recap of the crypto landscape for Wednesday (October 29) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure:... Keep Reading...
Hand holding a gold Bitcoin coin on a black background.

Crypto Market Update: Binance Eyes US Re-entry After Trump Pardons Founder

Here's a quick recap of the crypto landscape for Monday (October 27) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I,... Keep Reading...
Golden Bitcoin coin with stacks of coins in the background.

Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

Here's a quick recap of the crypto landscape for Wednesday (October 22) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure:... Keep Reading...
Bitcoin coin in sand with blurred US flag in background.

Crypto Market Update: US Senators and Industry Leaders Face Off Over Stalled Bill

Here's a quick recap of the crypto landscape for Monday (October 20) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I,... Keep Reading...
Glowing Bitcoin symbol over a dark, fiery background.

Crypto Market Update: Bitcoin, Altcoins Continue Week-long Decline

Here's a quick recap of the crypto landscape for Friday (October 17) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I,... Keep Reading...

Latest Press Releases

Related News