TORONTO and MELBOURNE, July 28,
2021 /CNW/ - BANXA Holdings Inc (TSXV: BNXA) (OTCQX: BNXAF)
(FSE: AC00) ("BANXA" or "The Company") Banxa, the world-leading
payment service provider (PSP) for the digital asset industry,
announces a range of new partnerships - including Hoo.com.
Hoo.com is a world-leading blockchain assets service platform
aiming to provide safe and reliable assets management and
blockchain services to users worldwide. This brings Hoo.com
customers access to a broad array of payment channels, with Banxa
providing Anti-Money Laundering (AML) and Know Your Customer (KYC)
services.
Banxa has also finalized partnerships with Gate.io, one of the
world's Top 10 largest exchanges by volume, and LBank (lbank.info).
Banxa will allow customers of these exchanges to access the widest
range of payment channels in the crypto payment provider space.
Holger Arians, CEO of Banxa said "We are proud to add these
great platforms to the Banxa network, Gate.io, Hoo.com, and LBank
are all exceptional companies and share our vision of bringing
digital assets to the widest possible audience. We are focused on
providing the highest conversion rates to our partners, and the
best service to end-users. By partnering with Gate.io, Hoo, and
LBank we can help give their customers access to the largest number
of payment rails and the most robust compliance systems in the
cryptocurrency market."
Hoo.com is a one-stop global innovative leading blockchain
digital assets platform under Hoo Group Limited, providing a wide
range of blockchain services to global users and focusing on
discovering quality innovative blockchain asset investment
opportunities.
Gate.io is dedicated to security and customer experience and
offers a secure, fair and straightforward cryptocurrency exchange.
Gate.io's focus on safety and their clients' assets and trading
information correspond with Banxa's aim to provide the world-best
managed payment service for cash to crypto conversion.
"By integrating with Banxa, we are providing a bridge between
the traditional and digital currency markets, making it
instrumental to our continuing growth. At Gate.io we remain
committed to innovation and providing an all-in-one exchange with a
smooth trading experience, even for the beginner crypto trader, "
said Lin Han, CEO of Gate.io
Hoo.com, LBank and Gate.io customers can access Banxa's payment
network through their chosen exchange. Banxa provides exchange and
DeFi platform customers peace of mind, with a compliant payment
service available directly from within the exchange platform.
About 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
About Gate.io
Gate.io is the world's leading cryptocurrency exchange with an
eight-year founding history and 6 million registered users. Gate.io
provides innovative products including derivatives (USDT-margined
and Quanto perp), options, lending, ETF, and structured finance
products. Gate.io's average daily trading volume is over
$5billion across 900+ markets.
For further information, go to www.gate.io
About Hoo.com
Hoo.com is a leading blockchain assets
service platform, aiming to provide safe and reliable asset
management and blockchain services to users worldwide.
About LBank
LBank.info is a world-class digital asset
exchange which was established in October
2016. As one of the Top10 digital asset exchanges in the
world, LBank has over 4.8 million registered users and an average
daily trading volume of $1 billion US
dollars.
LBank provides secure, professional and convenient digital asset
exchange services. Users can directly conduct digital asset
transactions by purchasing cryptocurrency via one of our payment
gateways.
For further information, go to www.lbank.info
ON BEHALF OF THE BOARD OF DIRECTORS
Per:
|
"DOMENIC
CAROSA"
|
|
Domenic Carosa -
https://twitter.com/dcarosa
|
|
Chairman
(1-888-218-6863)
|
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