Banxa improves functionality of its products, adds coins and introduces payment methods


Banxa Holdings Inc. has added new product features, coins and payment methods to its interface, in an effort to meet the demands of its customers and partners.

Banxa is a digital asset platform that provides regulatory compliance and payments infrastructure across the world. It is headquartered in Melbourne, Australia. Its European headquarters are in Amsterdam, the Netherlands. The company strives to be the bridge that connects people around the world to a more just and equitable financial system.

The public payment service provider (PSP) for digital assets has announced that it is upgrading its products to allow its stakeholders to access cryptocurrency in a simple and efficient manner.

Speaking at the launch, Holger Arians, CEO of Banxa said:

“Banxa’s mission is to provide everyone with fair and equal access to digital assets, regardless of of geography. To do this, we are working hard to add more local payment methods while while improving our customers’ shopping experience and conversion rates for our partners.

New parts

Since August, Banxa has gradually added 17 new coins, with recently released coins subject to review by the Legal and Compliance Department. Coins added to the payment service provider include AAVE, Enjin Coin, Avalanche, Compound, CELO, Dogecoin, and MATIC / Polygon.

The addition of the new drawbacks will strengthen Banxa’s profile as it will allow its partners to access the rapidly growing decentralized finance (DeFi) sector. To facilitate the purchase, the coins have been added to the platform of Banxa partners.

Product upgrades

Banxa has also improved its products, which are now online, to improve the customer experience. Notably, the launch of its order management screen this month will simplify the ordering process for its customers. Specifically, the screen will simplify the sequence of steps required to complete a transaction, thereby improving the conversion.

Extension of US and EU coverage

Banxa has extended its coverage in the United States with American wire transfers and “SEPA Instant Credit Transfer” (SCT Inst) to meet the needs of the North American and European markets, respectively.

Already, the SEPA Instant Credit Transfer is active but American transfers will follow soon. Therefore, eligible customers with SCT Inst ready accounts will be able to purchase coins within 10 seconds via pan-European transfers.

Ultimately, the company aims for over 99% of coin purchases to take less than 20 minutes, which is why SEPA Instant Payments are critical to achieving this goal.

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