Banxa Reports Record Total Daily Processed Orders in the History of the Digital Assets Payment Processing Company, while announcing Two New Partnerships

 
 

Banxa Holdings Inc., (TSX-V: BNXA) the world's first listed Payments Services Provider (PSP) for the digital asset industry, announced today that it had processed a record AUD$2.93m ( USD$2.27m ) worth of orders for a 24-hour period in January 2021 a steep increase from 12 months ago when the company processed AUD$5.2m ( USD$4m ) for the entire month of January 2020.  Banxa, a fintech company that has been providing its customers a gateway between traditional banking and the digital asset class since 2014, also reported adding yet another client exchange, Swyfx ( https:swyftx.com.au ) expanding its global footprint in Australia .

 

 

  BANXA Holdings (CNW Group/Banxa Holding Inc) 

 
 

In addition, the company announced appointing Lytham Partners, LLC ("Lytham Partners") to lead a U.S. investor relations program.  Lytham Partners, LLC will be compensated $6,500 USD and the terms are on a month -to- month basis.

 

Holger Arians, CEO of Banxa added, "Since 2014 we've been working hard to provide a seamless, simple, low -cost payments platform for cryptocurrency exchanges and it is exciting to see how our global customers have responded. We continue to expand our footprint by engaging new clients such as Swyftx." He adds, 'The overall rise of digital currencies in the market have only increased the appetite for our "Plug-and-Play" Fiat Onramp which allows seamless access to digital currencies via multiple payment methods and Banxa is ready to meet those needs."

 

  Domenic Carosa , Chairman and Founder, further comments on today's announcements, "Our partnership with Lytham is about expanding our educational initiatives for our U.S. investors who may not be familiar with payment processing within the digital asset space and want to learn more".

 

  About Banxa  

 

Banxa (TSX-V:"BNXA") is a payments service provider for the digital asset space. The company has a mission - to build the bridge between traditional financial systems and regulation and the digital asset space. Our goal is to onboard the general public to digital currency by building fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency (e.g. USD/CAD to BTC/ETH).

 

Banxa's flagship product is a "Plug-and-Play" Fiat Onramp which allows seamless access to digital currencies via multiple payment methods. The company's product line is diversified by a B2B offering, or wholly owned, B2C (direct-to-consumer) websites. Upcoming financial products will focus on further development of digital payments, transfers and storage.

 

For further information go to https://www.banxa.com  

 

  About Lytham Partners  

 

For more than 20 years, Lytham Partners has been one of the country's leading investor relations firms, having created one of the industry's largest and most diverse networks of institutional investors, while creating a framework of best practices in all aspects of corporate and shareholder communications. In addition to their relationships with many of the industry's most respected institutional investors, Lytham Partners has spent the past two decades creating an integrated platform that allows its clients far reaching exposure to investors in a consistent and in-depth format. This platform is matched with a communications and positioning approach that is streamlined throughout press releases, conference calls, investor presentations, corporate profiles, and websites. For more information visit our website at   www.lythampartners.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/January2021/14/c5978.html  

 
 

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
Smartphone displaying Robinhood Wallet app on a wooden table.

Robinhood Shares Hit Record High on EU Launch of Tokenized US Stocks

Robinhood Markets (NASDAQ:HOOD) rolled out a bold new push into tokenized equities on Monday (June 30), announcing the launch of commission-free stock tokens for EU customers.

The Menlo Park-based brokerage said the tokens will trade 24 hours a day, five days a week, via a partnership with blockchain firm Arbitrum. Robinhood also revealed plans to expand the service to “thousands” of stock tokens by the end of the year and to eventually develop its own blockchain to enable full 24/7 trading.

Robinhood surged nearly 13 percent to an all-time high of US$93.63 on Monday after the announcement.

Keep reading...Show less
US flag overlay on gold Bitcoin coins, symbolizing crypto in America.

Crypto Market Recap: Crypto Rallies As "Big, Beautiful Bill" Passes Congress

Here's a quick recap of the crypto landscape for Friday (July 4) as of 12:00 noon UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less
Gold and silver coins featuring various cryptocurrency logos on a black background.

Crypto Market Recap: Metaplanet Buys 1,005 Bitcoin, REX to Launch Solana Staking ETF

Here's a quick recap of the crypto landscape for Monday (June 30) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less
Closeup of stacked Bitcoin coins with a shiny metallic finish.

Crypto Market Recap: Bitcoin Logs Weakest Monthly Growth in a Year Despite Strong ETF Inflows

Here's a quick recap of the crypto landscape for Friday (June 27) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less
Golden Bitcoin coin on black background, viewed from above.

Crypto Market Recap: Bitcoin Hashrate Drops, Coinbase Shares Hit New All-time High

Here's a quick recap of the crypto landscape for Wednesday (June 25) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less
Stylus pointing at a financial chart on a tablet screen.

Crypto Market Recap: Bitcoin Rebounds After Drop Below US$100,000, OKX Mulls IPO

Here's a quick recap of the crypto landscape for Monday (June 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Keep reading...Show less

Latest Press Releases

Related News

×