Banxa Launches Compliant Crypto “Sell” Feature For EURO, GBP & AUD

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Strong points

Banxa can now provide fast and secure selling functionality thanks to its partner integrations in EURO, GBP and AUD

Allows end users of Banxa’s partner network to move freely in and out of cryptocurrency

Company to roll out this compliant ‘Sell’ feature to more markets and digital assets in the near future

Opens a new market opportunity, a significant expansion of the company’s product line

Toronto, Ontario and Melbourne, Australia – (Newsfile Corp. – September 21, 2021) – BANXA Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) (“Banxa” or “The Company”), on World’s fastest growing public payment service provider (PSP) and Reg-Tech platform for the digital asset industry, is pleased to announce the launch of a EURO, GBP sell function and AUD for end users. This will allow Banxa users not only to purchase digital assets (“fiat on-ramp”) through the Banxa platform, but also to resell (“fiat off-ramp”) their digital assets in fiat currency. The service has already launched for bitcoin and other currencies will follow in the coming months.

Banxa now offers the ability to sell cryptocurrency assets and convert funds back into fiat currency to its network of partners. These funds can then be deposited into the client’s designated bank account. Banxa offers a large number of payment methods, and the new functionality will “close the loop” and allow its customers to enter and exit digital assets with a single provider. This service improvement opens up a source of additional revenue for the company.

Commenting on the new service, Holger Arians, CEO of Banxa, said: “This product upgrade is a critical part of our roadmap. Our goal is to continue to offer new payment methods and new services to our partners and end users. vision of global reach and local presence. I am proud of the work our technology and compliance teams do to ensure that our Payments and Reg-Tech platform is market leader.

The story continues

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ON BEHALF OF THE BOARD OF DIRECTORS By: “DOMENIC CAROSA” https://twitter.com/dcarosa Domenic CarosaChairman (1-888-218-6863)

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00)

Banxa powers the world’s largest digital asset platforms by providing payment infrastructure and regulatory compliance in global markets. Banxa’s mission and vision is to build the bridge that enables people in all parts of the world to access a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, and its European headquarters in Amsterdam, the Netherlands.

For more information, visit www.banxa.com

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “may”, “intend”, “estimate”, “plan”, “anticipate” , “expect”, “believe” or “continue”, or the negative of these or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements. . statements are not guarantees of future performance.

Statements by Banxa expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond Banxa’s control, and such statements should not be relied on unduly. Forward-looking statements are subject in their entirety to the risks and uncertainties inherent in the Company’s business, in particular: Banxa’s assumptions in formulating forward-looking statements may prove to be incorrect; adverse market conditions, including risks associated with COVID-19 and the risks that future results may differ from historical results.

Unless required by securities law, Banxa assumes no obligation to update or revise 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 more information, see www.banxa.com

CONTACTS:

Investor Relations: North America: +1 (604) 609 6169 International: +61 451 744 080 Email: [email protected]

Lytham Partners, LLC Ben ShamsianNew York / Phoenix Email: [email protected]

Media contacts: Liam Bussell, Corporate Communications Manager Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97067

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