TORONTO and MELBOURNE, Feb. 16,
2021 /CNW/ - BANXA (TSXV: BNXA) ("BANXA"
or "Company") a Payment Service Provider (PSP) for the digital
asset industry announced a strategic partnership with the
SatoshiLabs Group, the Czech-based inventor of the world's first
hardware wallet, Trezor, also home to the Invity.io cryptocurrency
exchange comparison tool. The partnership will enable users to
purchase digital assets through Banxa directly in the new Trezor
Suite as well as through Invity's standalone website.
Holger Arians, CEO of Banxa said "Trezor is a trailblazer in the
industry, making it easy and safe to store digital assets. By
partnering with Trezor, we deliver on our mission to onboard the
masses to crypto currencies. Our fiat to crypto onramp and Trezor's
storage and Invity's exchange capabilities allow people around the
world to participate in the digital asset ecosystem."
Štěpán Uherík, CEO of Invity.io and CFO of Trezor said
"We're thrilled to offer more users even more options thanks to our
partnership with Banxa. The current bull market is great for the
existing crypto community, but we also can't miss this opportunity
to introduce digital assets to a wider audience: we need robust,
trustworthy crypto onramps for the crypto-curious. The Banxa team
understands that trust comes through transparency, and they are at
the forefront of that on the payments side. Our companies'
cooperation will inspire added confidence through every step of
users' crypto journey, from finding available options with Invity
to accessing crypto through Banxa to safely storing their digital
assets in their Trezor."
Trezor is the world's first hardware wallet, produced by parent
company SatoshiLabs, who is a recognized contributor to the open
source blockchain codebase and security standards such as
Passphrase and Shamir Backup. The company was an early entrant to
the crypto market, with the first Trezor launching in January 2014, the same year Banxa launched its
retail business. Also part of the SatoshiLabs Group, Invity is a
cryptocurrency exchange platform that provides competitive
pricing for digital asset purchases and exchanges. Its services are
also fully integrated into the new Trezor Suite wallet
ecosystem.
The final integrations of Banxa's API into both SatoshiLabs
products are currently live, allowing both exchange platform
customers and hardware wallet users to purchase Bitcoin, Ethereum,
and other cryptocurrencies directly through their wallet interface
or via their exchange account.
About Banxa
Banxa (TSX-V:"BNXA") is a Payments Service
Provider (PSP) 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).
For further information go to www.banxa.com
About SatoshiLabs:
SatoshiLabs is a
privately held company founded in 2013 and based in the
Czech Republic. The first company
product was the world's first cryptocurrency hardware wallet. Its
popular flagship product, the Trezor Model T, introduced new
measures of security such as its full-color touchscreen.
SatoshiLabs is also the creator of more than 22 innovative security
standards like Recovery seed, Passphrase, or Shamir Backup, which
are significantly improving the whole industry of online security.
Present in over 220 countries worldwide, SatoshiLabs remains
open-source, making the best security solutions accessible to
anyone, anywhere. More information at www.satoshilabs.com and
www.trezor.io.
About Invity.io:
Invity.io is a privately held
company founded in 2019 and based in the Czech Republic. Invity has compiled a network
of providers into a comparison tool that offers the web's best
crypto buy and exchange rates all in one place. Invity aims to use
its straightforward interface and educational materials to open the
world of crypto to everyone, regardless of their technical
knowledge. Invity is also highly security conscious and has
valuable connections to longtime crypto players, and so is proud to
power the purchase and exchange platform for the Trezor family of
hardware wallets. Invity also maintains Coinmap.org, a crowdsourced
map of Bitcoin ATM locations and businesses that accept
cryptocurrencies around the world. More information at
https://invity.io.
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
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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
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result of new information, events or otherwise.
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SOURCE Banxa Holding Inc