The leading on-and-off ramp solution for Web3
and leading compliant crypto ecosystem are collaborating on
flexible, local, secure payment tools for users globally
BANXA Holdings Inc. (TSXV:BNXA) (OTCQX:BNXAF) (FSE:AC00)
("Banxa" or "The Company"), the leading on-and-off ramp solution
for Web3, today announced it has formally entered a new partnership
with WonderFi Technologies Inc. (NEO: WNDR) (OTC PINK: WONDF) (WKN:
A3C166) (FTX:WNDR) (“WonderFi”), a leading technology company with
the mission of creating better access to digital assets through
compliant centralized and decentralized platforms. The partnership
builds on Ethereum, Polygon, and Bitcoin blockchains, and targets
key markets including Australia, Brazil, European Union, United
Kingdom, and the United States.
Banxa enables WonderFi customers to utilize local payment and
banking options with less friction, fewer fees, and better fraud
protection. Users are able to easily and securely convert fiat
currency to cryptocurrencies and back again.
Banxa’s solutions also provide many important benefits to
WonderFi’s gateway platform, including higher conversion rates
along with rigorous compliance and risk management across countless
geographies.
“We are thrilled to be partnering with WonderFi. Together, we
are building the foundational infrastructure needed for the next
generation of financial services,” said Banxa CEO Holger Arians.
“Banxa’s B2B services provide a seamless experience for our
partners to offer their customers local payment methods in a safe,
compliant way.”
Kevin O’Leary, Strategic Advisor and Investor at WonderFi, said
of the partnership: “With regulatory interest in crypto rapidly
increasing around the world, it is more important than ever for
Web3 to embrace best-in-class compliance and risk management. Our
partnership with Banxa provides this assurance for our customers
across the globe.” Mr. O’Leary added: “WonderFi is committed to
ensuring customers in our network can transact crypto securely and
confidently, without the concerns that might come from less
developed platforms.”
“Thanks to our partnership with Banxa, WonderFi’s users can
safely purchase crypto through the widest range of payment methods
available,” commented Ben Samaroo, CEO of WonderFi. “This added
flexibility is another step in our mission to bring fair,
efficient, and accessible finance to the masses.”
WonderFi joins Banxa’s growing list of marquee partners, such as
leading Web3 projects like Binance, KuCoin, OKX, Huobi, and many
more.
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.
For further information go to www.banxa.com.
About WonderFi Technologies Inc.
WonderFi is a leading technology company with the mission of
creating better access to DeFi through the core principles of
simplicity and education. WonderFi has a multi-pronged business
strategy which includes a high-growth consumer finance app which
will serve as a trusted gateway to the new financial system, and a
digital asset portfolio which consists of leading crypto and DeFi
assets. WonderFi’s executive team and Board of Directors have an
established track record in finance and crypto, with previous
experience at Amazon, Shopify, PayPal, Galaxy Digital and Hut 8.
WonderFi’s core team of engineers and technologists believe that
everyone should have equal access to finance and are aligned in the
mission to empower people around the world to access DeFi in a
simple, smart and secure way.
For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain “forward-looking
information” within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute
“forward-looking statements” within the meaning of the safe harbor
provisions of the United States Private Securities Litigation
Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical
facts or information or current condition, but instead represent
only the Company’s beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently
uncertain and outside of the Company’s control. Generally, such
forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as
“could”, “intend”, “expect”, “believe”, “will”, “projected”,
“estimated”, or variations of such words.
By identifying such information and statements in this manner,
the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements. In addition, in connection with the
forward-looking information and forward-looking statements
contained in this press release, the Company has made certain
assumptions. Among the key factors that could cause actual results
to differ materially from those projected in the forward-looking
information and statements are the following: the ability of the
Company to work effectively with strategic investors; and changes
in general economic, business and political conditions, including
changes in the financial markets, changes in applicable laws, and
compliance with extensive government regulation. Should one or more
of these risks, uncertainties or other factors materialize, or
should assumptions underlying the forward-looking information or
statements prove incorrect, actual results may vary materially from
those described herein.
Although the Company believes that the assumptions and factors
used in preparing, and the expectations contained in, the
forward-looking information and statements are reasonable, undue
reliance should not be placed on such information and statements,
and no assurance or guarantee can be given that such
forward-looking information and statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake to update
any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral
forward- looking information and statements attributable to the
Company or persons acting on its behalf is expressly qualified in
its entirety by this notice.
Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
ON BEHALF OF THE BOARD OF DIRECTORS Per: "DOMENIC CAROSA"
https://twitter.com/dcarosa Domenic Carosa Chairman
(1-888-218-6863)
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version on businesswire.com: https://www.businesswire.com/news/home/20220614005439/en/
Media: Ethan Lyle banxa@wachsman.com
Banxa (TSXV:BNXA)
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