Banxa Announces New Product Features, New Coins, and New US/EU Payment Methods

Highlights

• Banxa has added 17 new coins since March with a combined daily trading volume of $8.5 bn USD
• User improvements include a new Order Management dashboard with aim of >99% of orders processed in 20 mins
• The company has added SEPA Instant (SCT Inst) allowing EU based customers access to instant settlement, with US wire transfers to follow

TORONTO and MELBOURNE, Australia, Aug. 31, 2021 /CNW/ - BANXA Holdings Inc (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's fastest-growing, public payment service provider (PSP) for the digital assets industry, is pleased to announce a host of new product upgrades to help customers and partners access cryptocurrency simply and efficiently.

The Company has added 17 new coins throughout August, including AAVE, Dogecoin, Enjin Coin, CELO, Avalanche, Compound and MATIC/Polygon. All recently launched coins have been evaluated by Banxa's legal and compliance teams. These new coins allow end users of Banxa's partners to access new digital services such as Decentralised Finance (DeFi). These and other coins have been added to our partner platforms for purchase. For more information on the coins available on Banxa click here.

The company has a number of product enhancements now live to continue improving the customer experience. This week the company launched its new Order Management screen with the aim to assist customers by simplifying the order process. The screen allows end users to easily understand next steps are to complete the transaction, this helps improve conversion, making Banxa's service even more valuable to its partners.

Banxa has also extended its US coverage with US wire transfers for North American customers, and European coverage with 'SEPA Instant Credit Transfer' (SCT Inst) for eligible customers. This will allow end-users with SCT Inst ready accounts to purchase coins faster by enabling pan-European credit transfers and funds being available in accounts within ten seconds. Banxa's aim is to get >99% of coin purchases to under twenty minutes, and SEPA Instant payments is an important step in this process.

Holger Arians, CEO of Banxa said, "Banxa's mission is to bring fair and equal access to digital assets to everyone, regardless of geography.  To do that we are working hard to add more local payment methods while at the same time improving the buying experience of our customers, and conversion rates for our partners."

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"  https://twitter.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)

ABOUT US
Banxa Holdings Inc. (TSX-V:BNXA / OTCQX:BNXAF / FSE:AC00) 
Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa's mission and vision is to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.

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.

SOURCE Banxa Holding Inc

CONTACTS: Investor Relations: North America: [phone], International: [phone], Email: [email protected]; Lytham Partners, LLC, Ben Shamsian, New York/Phoenix, Email: [email protected]; Media Contacts: Liam Bussell, Head of Corporate Communications, Email: [email protected]

Related Links

https://banxa.com/