TORONTO and MELBOURNE, Australia, Jan. 14, 2021 /CNW/ - Banxa Holdings
Inc., (TSX-V: BNXA) the world's first listed Payments
Services Provider (PSP) for the digital asset industry, announced
today that it had processed a record AUD$2.93m (USD$2.27m) worth of orders for a 24-hour period
in January 2021, a steep increase
from 12 months ago when the company processed AUD$5.2m
(USD$4m) for the entire month of
January 2020. Banxa, a fintech company that has been
providing its customers a gateway between traditional banking and
the digital asset class since 2014, also reported adding yet
another client exchange, Swyfx (http://swyftx.com.au) expanding its
global footprint in Australia.
In addition, the company announced appointing Lytham Partners,
LLC ("Lytham Partners") to lead a U.S. investor relations
program. Lytham Partners, LLC will be compensated
$6,500 USD and the terms are on a
month -to- month basis.
Holger Arians, CEO of Banxa added, "Since 2014 we've been
working hard to provide a seamless, simple, low -cost payments
platform for cryptocurrency exchanges and it is exciting to see how
our global customers have responded. We continue to expand our
footprint by engaging new clients such as Swyftx." He adds, 'The
overall rise of digital currencies in the market have only
increased the appetite for our "Plug-and-Play" Fiat Onramp which
allows seamless access to digital currencies via multiple payment
methods and Banxa is ready to meet those needs."
Domenic Carosa, Chairman and
Founder, further comments on today's announcements, "Our
partnership with Lytham is about expanding our educational
initiatives for our U.S. investors who may not be familiar with
payment processing within the digital asset space and want to learn
more".
About Banxa
Banxa (TSX-V:"BNXA") is a payments service provider for the
digital asset space. The company has a mission - to build the
bridge between traditional financial systems and regulation and the
digital asset space. Our goal is to onboard the general public to
digital currency by building fully compliant payment infrastructure
that enables simple and secure conversion of fiat currency to
digital currency (e.g. USD/CAD to BTC/ETH).
Banxa's flagship product is a "Plug-and-Play" Fiat Onramp which
allows seamless access to digital currencies via multiple payment
methods. The company's product line is diversified by a B2B
offering, or wholly owned, B2C (direct-to-consumer) websites.
Upcoming financial products will focus on further development of
digital payments, transfers and storage.
For further information go to http://www.banxa.com
About Lytham Partners
For more than 20 years, Lytham Partners has been one of the
country's leading investor relations firms, having created one of
the industry's largest and most diverse networks of institutional
investors, while creating a framework of best practices in all
aspects of corporate and shareholder communications. In addition to
their relationships with many of the industry's most respected
institutional investors, Lytham Partners has spent the past two
decades creating an integrated platform that allows its clients far
reaching exposure to investors in a consistent and in-depth format.
This platform is matched with a communications and positioning
approach that is streamlined throughout press releases, conference
calls, investor presentations, corporate profiles, and websites.
For more information visit our website at
www.lythampartners.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.
For Further Information, see www.banxa.com
SOURCE Banxa Holding Inc