Banxa Holdings Inc. Banxa launches direct to NFT cash withdrawal solution for the NFT market

Banxa launches direct cash to NFT solution for the NFT market IRW-PRESS: Banxa Holdings Inc



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Important basic data:

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

– 5 new currencies and blockchain have been added including HBAR, LUNA and WAXP.

The 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”) announces the launch of the new Fiat-to product -NFT-Checkout with its partner Atomic Hub, the leading marketplace for non-fungable tokens (TSX-V: BNXA) 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 easily as possible.

This product was launched in partnership with the Atomic Hub – the leading NFT marketplace in 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. With revenue growth in the NFT space exceeding $17 billion in 2021 and the value-driven NFTs market booming, NFTs are rapidly becoming an integral part of the Web3 ecosystem.

Holger Arianes, Banxa CEO, said: “At Banxa, we are excited to be able to build on our core product on and off the slopes with our new checkout from fiat to NFT. We know that there is a lot of friction in purchasing NFTs and we believe that our payment product will make it easier for consumers to purchase NFTs from our partners. Therefore, it is very important for us to create more access points inside and outside 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 language version can be shortened or shortened. 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!

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Source: dpa-AFX

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