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Global Web3 Payments Leader Banxa Announces Partnership with Vancouver-based Digital Assets Platform WonderFi
Wednesday, June 15, 2022Company Profile | Follow Company
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
Vancouver, BC, June 15, 2022--(T-Net)--BANXA Holdings Inc. (TSXV:BNXA, OTCQX:BNXAF), a leading on-and-off ramp solution for Web3, today announced it has formally entered a new partnership with Vancouver-based WonderFi Technologies Inc. (NEO:WNDR, OTC PINK:WONDF), 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 says it will enable 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."
Ben Samaroo, Chief Executive Officer & Director, WonderFi
"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 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.
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. [ MORE ] |
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