BANXA Holdings Inc (TSX-V:BNXA, OTCQX:BNXAF) told investors it has made considerable progress in growing its run rate total transaction volume by activating new partnerships with noteworthy partners.
The company noted its integration with Ledger, a global non-custodial wallet, to offer their users on-ramping services as of September 12.
Web3 gaming conglomerate Aminoca Brands has also integrated Banxa’s non fungible token (NFT) checkout and crypto payments infrastructure to its Australian Football League Mint, as of September 22, Banxa said.
"Banxa is seeing continued success from many key business wins, highlighted by new blue-chip partners attracted to Banxa’s leading payments infrastructure,” Banxa CEO Holger Arians said in a statement.
“Looking ahead, we see long-term upward trajectory thanks to our local regulatory and compliance strategy that we have aggressively pursued over the last number of years in anticipation of this next stage of compliant Web3 growth.”
Additionally, the company said members of its management team would be participating in a round of open market share purchases over the next few days, being made in accordance with the company’s share trading policies.
Further, it has extended loans provided by Buzzworks, HB Super Holdings, and Ari Last, and has entered into a C$500,000 unsecured credit agreement with Quereshi Family Office.
Shares of Banxa rose on the update, adding 23.3% at US$0.49 late morning on Monday.
Banxa powers the world’s largest digital asset platforms by providing payment infrastructure and regulatory compliance across global markets.
- Updated with share price movement -
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie