BANXA Holdings Inc. (TSXV:BNXA) (OTCQX:BNXAF) (FSE:AC00) (“Banxa” or “The Company”), the leading on-and-off ramp solution for Web3, today announced a strategic partnership with BitMart, the premium global digital asset exchange. The collaboration will unlock fiat-to-crypto on-and-off-ramping and further advance cryptocurrency adoption in vital markets such as Asia-Pacific (APAC) and Latin America (LATAM).
BitMart’s user-friendly platform is well-suited for traders of all levels, from beginners to experienced users. Coinciding with BitMart’s fifth anniversary, this integration furthers the exchange’s mission to expand its global operations. The alliance exemplifies both companies’ commitments to address the growing need for a frictionless digital asset trading experience.
“As we strengthen our position as the leading on-and-off ramp in the space, partnering with BitMart allows us to offer their users an extensive network of global and local payment options,” said Holger Arians, CEO of Banxa. “We look forward to working with BitMart to ensure cryptocurrency trading is seamless and secure for users around the world and from all backgrounds.”
Key benefits of the partnership include:
- Expanded Global Footprint: Banxa will give BitMart users more on-and-off ramp options in APAC and LATAM, on top of Banxa’s extensive global coverage such as PayID, POLi, ACH in the U.S., SEPA in Europe, and many more. This ability serves the exchange’s global expansion efforts to further meet customers’ needs in their respective local markets.
- Local Payments: Banxa will aid BitMart in onboarding global users with an extensive network of local payment solutions, designed to increase crypto adoption worldwide and result in conversion rates up to three times higher than credit card-only solutions.
- Higher Conversions + Lower Fees: Banxa’s ability to provide access to local markets – with its licenses and registrations as well as alternative payment methods – leads to higher conversion rates and reduced fees for users.
“As demand for crypto continues to grow, our users across the globe need to be able to transact seamlessly with their preferred local payment methods,” said Sheldon Xia, Founder and CEO at BitMart. “With an extensive network of compliant local payment solutions, Banxa facilitates a smooth and simple experience for our users. We are confident that this integration will open the door for key customer segments to explore the crypto ecosystem.”
To celebrate the partnership launching, there is an introductory offer of 0% gateway fees for major supported currencies on credit cards, including Apple Pay and Google Pay until 31st March 2023 when purchasing with Banxa.