Banxa Holdings Inc. has added new product features, new coins, and payment methods to its interface, in a move intended to meet the demands of its customers and partners.
Banxa is a digital assets platform that provides regulatory compliance and payments infrastructure across the world. It has its headquarters in Melbourne, Australia. Its European headquarters is in Amsterdam, the Netherlands. The company strives to be the bridge that links people across the world to a fairer and equitable financial system.
The public payment service provider (PSP) for the digital assets announced that it was upgrading its products to enable its stakeholders to access cryptocurrency simply and efficiently.
Speaking during the launch, Holger Arians, CEO of Banxa said:
“Banxa’s mission is to bring fair and equal access to digital assets to everyone, regardless of geography. To do that we are working hard to add more local payment methods while at the same time improving the buying experience of our customers and conversion rates for our partners.”
Since August, Banxa has progressively added 17 new coins, with the recently launched coins undergoing some evaluation by the legal and compliance department. The coins added to the payment service provider include AAVE, Enjin Coin, Avalanche, Compound, CELO, Dogecoin, and MATIC/Polygon.
The addition of the new cons will boost Banxa’s profile as it will enable its partners to access the fast-growing Decentralised Finance (DeFi) sector. For ease of purchase, the coins have been added to the platform of Banxa’s partners.
Banxa has also enhanced its products, which are now live, to improve customer experience. Notably, the launch of its order management screen this month will simplify the order process for its customers. Specifically, the screen will make straightforward the sequence of steps required to complete a transaction, thereby improving conversion.
Extension of US and EU coverage
Banxa extended its US coverage with US wire transfers and ‘SEPA Instant Credit Transfer’ (SCT Inst) to cater to the needs of the North American and European markets, respectively.
Already, SEPA Instant Credit Transfer is active but the US wire transfers will follow soon. Consequently, eligible customers with SCT Inst ready accounts will be able to buy coins within 10 seconds via Pan-European credit transfers.
Ultimately, the company seeks to have over 99 percent of coin purchases take less than 20 minutes, and that is why the SEPA Instant payments are critical to the actualization of this goal.