BANXA HLDGS INC - BNXAF STOCK NEWS

BANXA Holdings has partnered with WonderFi Technologies to develop local, secure payment tools aimed at enhancing user access to digital assets. This initiative leverages Ethereum, Polygon, and Bitcoin blockchains, focusing on markets including Australia, Brazil, EU, UK, and the US. The collaboration will enable WonderFi customers to use local payment options, improving conversion rates and compliance across various regions. The partnership aims to foster a more seamless and secure experience for users engaging with cryptocurrencies.

Banxa Holdings (TSXV:BNXA)(OTCQX:BNXAF) has announced a partnership with WonderFi Technologies to enhance payment solutions in the crypto space. This collaboration targets key markets including Australia, Brazil, the EU, UK, and the US, enabling users to seamlessly convert fiat to crypto with local payment options. The partnership emphasizes compliance and risk management, crucial as regulatory interest in crypto grows globally. Banxa's CEO highlighted the aim to build foundational infrastructure for future financial services, aiming for higher conversion rates for WonderFi's platform.

Banxa Holdings reported significant financial growth for the nine months ending March 31, 2022, with a 204% increase in Total Transaction Value (TTV) to AUD 1,205 million (USD 879 million). Revenue soared by 99% year-on-year to AUD 57 million (USD 41 million), supported by a 171% rise in Gross Profit to AUD 23 million (USD 17 million). However, the company faced an Adjusted EBITDA loss of AUD 6.6 million (USD 4.8 million), affected by market volatility. Banxa is expanding its operations with new entities in the USA and Turkey and added 12 new partners during the quarter.

Banxa Holdings (OTCQX:BNXAF) will announce its financial results for the quarter ending March 31, 2022, after market close on May 30, 2022. A live webcast to discuss these results is scheduled for May 31, 2022, at 8:30 AM ET. The company provides payment infrastructure and regulatory compliance solutions for the digital assets industry. Banxa aims to create a fairer financial system globally, with headquarters in Melbourne and Amsterdam.

Banxa Holdings (TSX-V:BNXA, OTCQX:BNXAF) has announced that Domenic Carosa, Founder and Chairman, will present at several upcoming investor and industry conferences. These include the Sequire Fintech Conference on May 19, 2022, the H.C. Wainwright Global Investment Conference from May 23-26, 2022, and the LD Micro Invitational from June 7-9, 2022. Each event will feature opportunities for one-on-one meetings with investors. Banxa aims to enhance access to a fair financial system through its payment solutions.

Banxa Holdings (TSXV:BNXA) announces the launch of its Fiat to NFT Checkout solution, targeting the expanding USD$17 billion NFT market. This partnership with Atomic Hub aims to ease NFT purchases for consumers using credit cards. In April, Banxa secured new partnerships with BitForex, Umbria, and CoinTiger, while adding five new coins including HBAR and LUNA. The company's Total Transaction Value for April reached AUD$79 million (USD$56 million), reflecting a market-aligned performance.

Banxa Holdings is expanding its global footprint by establishing local operations in Brazil, Turkey, the UK, and the USA, enhancing accessibility to digital asset transactions. The company has launched local payments in Brazil via PIX, increasing consumer options for fiat to crypto conversions. Additionally, Banxa has partnered with Hedera to support USDC stablecoin transactions, marking a significant milestone in the Web3 ecosystem. This expansion aims to facilitate crypto adoption in emerging markets while improving transaction efficiency for its partners.

Banxa Holdings announced a significant growth in its Total Transaction Volume (TTV), reaching AUD $355 million (USD $274 million) for Q3 2022, a 71% increase year-on-year from AUD $207 million (USD $159 million). In March 2022, TTV was AUD $81 million (USD $60 million). The company signed nine new partnerships, including major platforms like Paxful and Pionex, and introduced 13 new cryptocurrencies such as APE and AXS. Additionally, Banxa engaged a market maker while announcing the departure of its CMO.

BANXA Holdings (TSX-V:BNXA) (OTCQX:BNXAF) has announced its participation in significant conferences that will enhance its presence in the digital assets industry. The company will attend Bitcoin 2022 from April 6-9 in Miami Beach, FL, focused on cryptocurrency and individual sovereignty. Additionally, SNN Planet MicroCap Showcase will take place May 3-5 in Las Vegas, NV, where founder Domenic Carosa will present on May 4 at 3 PM PT. Banxa aims to bridge access to equitable financial systems and is headquartered in Melbourne.