Global Web3 Payments Leader Banxa Announces Partnership with Vancouver-based Digital Assets Platform WonderFiWednesday, June 15, 2022
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 ]
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. In this news release, forward looking-statements relate to, among other things, statements relating to the timing for the completion of the Offering and Concurrent Block Trade, the expected use of proceeds from the Offering, and the ability of the Company list the Warrants. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "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.
Neither NEO Exchange nor its Regulation Services Provider (as that term is defined in policies of the NEO Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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