An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Banxa and MetaMask Partner to Make it Easier to Access Web3
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary
BANXA Holdings Inc. (OTCQX:BNXAF) has integrated with MetaMask to enhance fiat-to-crypto transactions for users in Canada, Australia, the Netherlands, South Africa, and Turkey. This partnership allows easier access to crypto via local banking networks, reducing fees for users. Through Banxa's platform, MetaMask users can utilize standard payment methods like credit cards and Apple Pay, alongside regional options such as Interac in Canada. The integration promotes seamless fiat transfers, improves compliance, and simplifies onboarding for new crypto users. This move aligns with the growing demand for decentralized finance solutions.
Positive
Integration with MetaMask expands access to cryptocurrency through local banking networks.
Reduced fees for users due to local payment systems, enhancing user experience.
Offers a wide range of alternative payment methods, improving transaction flexibility.
Simplifies onboarding process for new users, addressing barriers to entry in crypto.
Negative
None.
Partnership will simplify crypto purchasing for MetaMask users in Canada, Netherlands, Australia, South Africa, and Turkey and reduce fees globally
TORONTO--(BUSINESS WIRE)--
BANXA Holdings Inc. (TSXV:BNXA) (OTCQX:BNXAF) (FSE:AC00) ("Banxa'' or "The Company"), the leading on-and-off ramp solution for Web3, today announced an integration with ConsenSys’ leading self-custody Web3 wallet, MetaMask, to simplify on-and-off ramping fiat to crypto. On top of global users being able to purchase crypto via standard methods such as credit cards and Apple Pay, this partnership will now allow MetaMask users in Canada to purchase crypto through interbank network Interac with less friction. In addition, MetaMask users in the Netherlands, Australia, South Africa, and Turkey gain new access to Banxa’s crypto on-ramps through local banking infrastructure.
Recent disruptions in the crypto market have increased demand for self-custody wallet solutions, which allow users to maintain complete control of their digital assets. However, prior to MetaMask’s integration with Banxa, users in South Africa, Netherlands, Australia and Turkey were not able to use local banking transfer services to on-ramp onto MetaMask’s self-custody wallet.
Banxa’s on-ramp enables users to seamlessly move fiat funds on-chain. With an extensive network of compliant local payment solutions, Banxa facilitates transfers across the Web3 world, maintaining high local alternative payment method (APM) conversion rates along with lower fees from local processing. Banxa provides a straightforward and efficient KYC process to MetaMask’s users and takes on all regulatory compliance legwork.
As a result of this integration, MetaMask and its users will benefit from:
Alternative Payment Methods (APMs):Banxa boasts one of the largest ranges of both global and local payment methods of any on-ramp, and MetaMask users now have access to new options such as PayID, POLi, and iDEAL – in addition to the variety of other payment methods that Banxa offers, including PIX in Brazil, ACH in the U.S., SEPA in Europe, and many more.
Local Banking Infrastructure for New Markets + Lower Fees: MetaMask is expanding coverage in the Netherlands, South Africa, Turkey and Australia regions with local payment methods, removing the need for cross-border transactions. Leveraging Banxa's local acquiring licenses in these regions increases credit card conversion and significantly reduces fees for end users.
Compliance Peace-of-Mind: Banxa provides a secure and regulatory-compliant payment channel for businesses to allow their customers to safely use cryptocurrency.
Simplified Onboarding: Banxa joins a number of existing solutions that make it easy for users, especially crypto novices, to access and store funds on MetaMask.
“MetaMask is one of the most reputable and trusted wallets in the space,” said Holger Arians, CEO of Banxa. “Crypto users deserve reliable, accessible, and fast transactions. We are excited to play a role in MetaMask’s journey by offering one of the widest ranges of global and local payment methods for their users.”
"With more global interest in self-custody wallets than ever before, Banxa removes barriers by plugging into local banking solutions already popular with our users," said Lorenzo Santos, Product Manager at MetaMask. "A bad user experience is a major hurdle to the mass adoption of crypto. Banxa addresses this issue head-on by providing a bridge from CeFi to DeFi – and everywhere in between."
Banxa is further accelerating blockchain adoption by serving as the premier entry point for the decentralized space, including Wallets, DeFi, Gaming, NFT Marketplaces and other dapps. Earlier this year, Banxa announced strategic partnerships with other key players in the decentralized finance sector such as dYdX, ZenGo, GMX, Edge, among others.
This integration will be launched on the MetaMask mobile app at first, and will be made available for extension users in the coming weeks.
About BANXA Holdings Inc.
Banxa's mission is to accelerate the world to Web3 with its leading global on-and-off ramp solution. Through its extensive network of local payment solutions paired with the required crypto licences, Banxa gives its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives - with operating headquarters in the USA, Europe and APAC regions.
ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, MetaMask Institutional, Truffle, Diligence, and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On Ethereum’s trusted, open-source foundation, we are building the digital economy of tomorrow. To explore our products and solutions, visit https://consensys.net/.
What is the significance of the BANXA and MetaMask partnership for BNXAF investors?
The partnership enhances access to cryptocurrency for MetaMask users, potentially driving increased transaction volumes and user engagement, which can positively impact BNXAF's stock performance.
How will the integration with MetaMask affect crypto purchasing fees?
The integration is expected to reduce transaction fees for users in supported regions, making crypto purchasing more affordable.
Which countries will benefit from the BANXA and MetaMask integration?
The integration will benefit users in Canada, Australia, the Netherlands, South Africa, and Turkey.
What payment methods will be available for MetaMask users through BANXA?
Users will have access to various payment methods including Interac in Canada, and other local options such as PayID, POLi, and iDEAL.
When will the BANXA and MetaMask integration be available for users?
The integration will initially launch on the MetaMask mobile app and will be rolled out for extension users in the coming weeks.
