Highlights:
- $600 million in Transaction
Value for the 11 month period ended May
31
- $127 Million Record
Transaction Value for May
2021
- Record day of $9m Transaction
Value in May
- Strong balance sheet with over $25m in cash and cash equivalents based on
today's date.
TORONTO and MELBOURNE, Australia, June 9, 2021
/CNW/ - BANXA Holdings Inc (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00)
("BANXA" or "The Company") a Payment Service Provider (PSP) focused
on providing clients safe, compliant access to the digital assets
market, is pleased to announce it has recorded further record
growth for the month of May 2021.
Long term the Company anticipates continued revenue growth and
recognizes that volatile markets provide a catalyst for
further growth in Total Transaction Value (TTV). The Company
believes that cryptocurrencies and blockchain-enabled platforms
will continue to flourish as more individuals and institutions move
into the sector.
Banxa CEO Holger Arians said "We
are very happy to announce these positive results. We have been
focused on improving the service and experience for our customers
while expanding our capacity to service growing demand. We are
currently focusing on adding further B2B customers, more coins and
payment methods to our existing technology platform."
Banxa had its initial public listing on January 6, 2021, and is the only
pure-play Payment Service Provider (PSP) serving the digital
asset industry that is
publicly traded anywhere in the world.
Banxa to Participate at Lytham Partners Summer 2021 Investor Conference
Domenic Carosa, Founder and
Chairman will present at The Current State of Cryptocurrencies
discussion panel on Tuesday, June 15
at 2:00PM ET.
Banxa is pleased to announce today that it will participate at
the Lytham Partners Summer 2021 Investor Conference on June 14 through June 16, 2021.
A webcast of the presentation will be available on Banxa's
website at https://investor.banxa.com/ or
https://wsw.com/webcast/lytham/panel4/2193436. The webcast will
also be archived and available for replay following the live
event.
Management will also be participating in virtual one-on-one
meetings throughout the event, which run from June 14 through June 16, 2021. To arrange a
meeting, please contact Lytham Partners at
1x1@lythampartners.com.
ON BEHALF OF THE BOARD
OF DIRECTORS
|
|
Per:
|
"DOMENIC
CAROSA"
|
|
Domenic Carosa - https://twitter.com/dcarosa
|
|
Chairman
(1-888-218-6863)
|
About BANXA
BANXA - Banxa Holdings Inc. (TSX-V:BNXA/OTCQX:BNXAF/FSE:AC00) is a Payment
Service Provider (PSP) with a mission to build the bridge between
traditional financial systems, regulation and the digital asset
space. Our goal is to onboard the general public to digital
currency by building a fully compliant payment infrastructure that
enables simple and secure conversion of fiat currency to digital
currency (eg. USD/CAD to BTC/ETH). Banxa has offices in
Australia, the Netherlands and Lithuania. For further information go to
www.banxa.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