Banxa launches direct to NFT cash withdrawal solution for the NFT market

Important basic data:

– Banxa entered the $17 billion NFT market with a new exit tool for buying NFTs using fiat currency (1); Market entry via the leading NFT market Atomic Hub.

In April, agreements were signed with a number of important new partners, including BitForex, Umbria and CoinTiger.

– Added 5 new coins and blockchain including HBAR, LUNA and WAXP.

Total transaction value (TTV) was A$79 million (US$56 million) in line with market size.

TORONTO AND MELBOURNE, May 11, 2022 – BANXA Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00) (“Banxa” or “the Company”) announced the launch of its new Fiat-to -NFT-Checkout product with its partner Atomic Hub, the leading marketplace for non-fungible tokens (NFT). ). The consumer NFT market has been growing rapidly over the past 12 months, and the launch of this product has Banxa engaged in this growing market. This allows the company’s global partner network to reach millions of end users who want to purchase NFT with a credit card as simply as possible.

This launch was in partnership with Atomic Hub – the leading NFT marketplace to play to earn and provider of major groups such as Atari, Hasbro and Hot Wheels. Banxa has an infrastructure built on top of the WAX ​​blockchain (WAX certified and recognized as the best API-enabled blockchain with the fastest e-commerce transactions) and therefore believes it has created the first of many partnerships in the ecosystem, designed to reduce friction in NFT purchases. NFT revenue growth exceeded $17 billion in 2021 and the value-driven NFTs market is booming – NFTs are quickly becoming an integral part of the Web3 ecosystem.

Holger Arianes, Banxa CEO, stated: “At Banxa we are excited to be able to build on our core product on and off the slopes with our new fiat checkout to NFT. We know there is a lot of friction involved in purchasing NFT and we believe that Our payment product will make it easier for consumers to purchase NFTs from our partners, so we are more motivated to create more entry points in and out of the cryptocurrency market.”

During the month of April, Banxa announced five new partners, including Singapore-based leading crypto trading platform BitForex with more than 5 million users, CoinTiger, and DeFi platform Umbria.

During the same period, the team also added the following five new coins and blockchains:

– HBAR in the original retail Hedera

– LUNA on the original TERRA blockchain

– UST on the original TERRA blockchain

– WAXP on the original WAX blockchain

– USDC at Hedera original retail

Banxa once again states that it is important for him to offer the widest possible range of coins and blockchains to his global network of exchanges, wallets, dApps and NFT partners.

As of the end of April, Banxa also reported a total transaction value (TTV) of A$79 million (US$56 million), consistent with a declining market and peer basis.

(1) Source: https://atelier.net/news/the-2021-nft-market-report-presented-by-nonfungible

The TSX Venture Exchange and the regulators (referred to in the TSX Venture Exchange Policies as Regulatory Service Providers) assume no responsibility for the adequacy or accuracy of this release.

– the end-

to the board of directors

iA: “Dominic Carosa” https://twitter.com/dcarosa

Dominic Carusa

Chairman of the Board (1-888-218-6863)

BANXA Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00)

Banxa operates the world’s largest digital asset platform by providing payment infrastructure and regulatory compliance in global markets. Banxa’s mission and vision is to build the bridge that gives people everywhere access to a fairer financial system. Banxa is headquartered in Melbourne, Australia, while the European headquarters is located in Amsterdam, the Netherlands.

For more information, visit www.banxa.com

The source language (usually English) in which the original text is published is the official, authorized, and legal version. This translation is included for better understanding. The German version can be abbreviated or abbreviated. No responsibility or liability is accepted for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the report does not constitute a buy or sell recommendation! Please note the original notice in English at www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company’s website!

The original English letter can be found under the following link:
https://www.irw-press.at/press_html.aspx?messageID=65740
The translated message can be found under the following link:
https://www.irw-press.at/press_html.aspx?messageID=65740&tr=1

Register for the newsletter:

The latest press releases from this company straight to your inbox:
http://www.irw-press.com/alert_subscription.php?lang=ar&isin=CA06683R1010

Announcement submitted by IRW-Press.com. The sender is responsible for the content.

Reprinting is permitted free of charge, provided the source is acknowledged.

CA06683R1010

Leave a Comment