BANXA (TSX-V:BNXA, OTCQX:BNXAF) Holdings Inc said it has formally entered a new partnership with WonderFi Technologies Inc, a leading technology company with the mission of creating better access to digital assets through compliant centralized and decentralized platforms.
The company said the partnership builds on the Ethereum, Polygon, and Bitcoin blockchains, and targets key markets including Australia, Brazil, European Union, the United Kingdom, and the United States.
"Together, we are building the foundational infrastructure needed for the next generation of financial services," CEO Holger Arians said in a statement. "BANXA (TSX-V:BNXA, OTCQX:BNXAF)'s B2B (business-to-business) services provide a seamless experience for our partners to offer their customers local payment methods in a safe, compliant way."
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Through the partnership, Banxa said 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.
The company said its 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.
"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,” Kevin O'Leary, strategic advisor and investor at WonderFi 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."
Banxa said WonderFi joins its growing list of marquee partners, such as leading Web3 projects like Binance, KuCoin, OKX, Huobi, and many more.
"Thanks to our partnership with Banxa, WonderFi's users can safely purchase crypto through the widest range of payment methods available," WonderFi CEO Ben Samaroo, said. "This added flexibility is another step in our mission to bring fair, efficient, and accessible finance to the masses.”
Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. The company is headquartered in Melbourne, Australia, with European headquarters in Amsterdam.
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