TORONTO, Aug. 1, 2024
/CNW/ - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE:
AC00) ("Banxa'' or the "Company") is thrilled to
announce its new strategic partnerships with leading Web3 firms.
These partnerships add to Banxa's vast partner network and expand
its distribution access to over a billion users globally, further
bolstering transaction volumes.
Highlighting a select few partners below:
- Proton Wallet - A secure, self-custodial
Bitcoin wallet designed for ease of use with
decentralized applications. It generates multiple
Bitcoin addresses for receiving transactions,
enhancing privacy and security. The wallet allows users to manage
their Bitcoin without needing to handle long addresses
directly, streamlining the user experience. A potential user base
of over 100 million Proton accounts through its integration with
Proton services.
- Jupiter Exchange - A decentralized exchange
aggregator built on the Solana blockchain. It
specializes in providing liquidity and optimizing trading for users
across various decentralized exchanges (DEXs) and
automated market makers (AMMs) on Solana. Users can
utilize Jupiter to access the best token prices and execute trades
efficiently through features like swap tools and limit orders. The
platform aims to enhance trading experiences for its over a million
monthly active smart traders seeking competitive advantages in the
cryptocurrency market.
- Lace Wallet - A light wallet platform designed for
exploring Web3 technologies. It allows users to securely send and
receive digital assets, stake ADA (Cardano's
cryptocurrency), and engage with
decentralized applications (DApps). It
has ambitious growth plans to onboard 5 million new users.
Banxa's newest partners' users can now buy crypto
using major payment methods and several local payment methods
across 135+ countries. Banxa enhances the user experience while
driving greater adoption of decentralized platforms
with market leading conversion rates.
ABOUT BANXA HOLDINGS INC.
Banxa is the leading infrastructure provider for enabling
embedded crypto - empowering businesses to embed
crypto seamlessly into their existing platforms and
unlocking new opportunities in the rapidly evolving
crypto economy. Through an extensive and growing
network of global and local payment solutions and regulatory
licenses, Banxa helps businesses provide seamless integration of
crypto and fiat for global audiences with lower fees
and higher conversion rates. Headquartered in the USA, Europe,
and Asia-Pacific, the Banxa team
is building for a world where global commerce is run on digital
assets. For further information visit www.banxa.com.
Neither the 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: "Zafer Qureshi"
Zafer Qureshi = Executive
Director and Co-CEO, +1-888-332-2692
Forward-Looking Information
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "should", "would" or "occur". This
information and these statements, referred to herein as
"forward–looking statements", are not historical
facts, are made as of the date of this news release and include
without limitation, statements regarding discussions of future
plans, estimates and forecasts and statements as to management's
expectations and intentions.
These forward–looking statements involve
numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward-looking
statements. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe
harbor.
SOURCE Banxa Holdings Inc.