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
TORONTO and MELBOURNE, May 5,
2021 /CNW/ - 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