Global leader in Web3 payments Banxa announces partnership with WonderFi Digital Asset Platform

Web3’s leading Flash Slope solution and the leading backed cryptocurrency ecosystem collaborate to develop secure, local and resilient payment tools for users around the world

Toronto and Melbourne, Australia, June 14, 2022– (work wire) –BANXA Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) (“Banxa” or “the Company”), Web3’s leading intermittent scaling solution, announced today that it has entered into a formal partnership with WonderFi Technologies Inc. (NEO: WNDR) (OTC PINK: WONDF) (WKN: A3C166) (FTX: WNDR) (“WonderFi”), a leading technology company with a mission to create better access to digital assets through compliant decentralized central platforms. The association is based on the Ethereum, Polygon, and Bitcoin blockchains and targets key markets such as Australia, Brazil, the European Union, the United Kingdom, and the United States.

Banxa enables WonderFi customers to use local banking and payment options with less friction, lower fees, and better fraud protection. Users can easily and securely convert ceremony funds into cryptocurrencies and back.

Banxa solutions also provide several significant benefits of the WonderFi gateway platform, including higher conversion rates, strict compliance, and risk management in countless places.

“We are excited to partner with WonderFi. Together, we are building the essential infrastructure needed for the next generation of financial services,” Banxa CEO Holger Arians said. “Banxa B2B offers a seamless experience for our partners to offer their customers local payment methods in a secure and compliant way.”

Kevin O’Leary, WonderFi Investor and Strategic Advisor, commented on the partnership: “As regulatory interest in cryptocurrencies is growing rapidly around the world, it is more important than ever that Web3 has the best compliance and risk management. Partnering with Banxa gives us this security for our clients. all over the world “. O’Leary added: “WonderFi is committed to ensuring that customers on our network can trade cryptocurrencies safely and with confidence, without worrying that less sophisticated platforms might be.”

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“Thanks to our partnership with Banxa, WonderFi users can purchase cryptocurrencies securely and with the widest range of payment methods available,” said Ben Samaru, CEO of WonderFi. “This added flexibility is another step forward in our mission to deliver fair, efficient and accessible financing to the masses.”

WonderFi joins Banxa’s growing list of prominent partners, as well as leading Web3 projects such as Binance, KuCoin, OKX, Huobi, and many more.

About BANXA Holdings Inc.

Banxa’s mission is to bring the world closer to Web3 through the world’s leading discontinuous slope solution. With its extensive network of local payment solutions with the necessary crypto licenses, Banxa gives its partners and projects access to a global audience with less friction and higher conversions. Banxa has a global team of Web3 citizens headquartered in the US, Europe, and Asia Pacific regions.

For more information visit www.banxa.com.

About WonderFi Technologies Inc.

WonderFi is a leading technology company with a mission to provide better access to decentralized finance (DeFi) through the core principles of simplicity and education. WonderFi has a multidimensional business strategy that includes a high-growth consumer finance application that will serve as a trusted gateway to the new financial system, and a digital asset portfolio consisting of DeFi assets and major cryptocurrencies. The executive team and board of directors at WonderFi have a solid background in finance and cryptocurrency, with prior experience in Amazon, Shopify, PayPal, Galaxy Digital and Hut 8. The core team of engineers and technicians at WonderFi believe that everyone should have the same access to funding and support The mission is to empower people around the world to access DeFi in a simple, smart, and secure way.

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For more information visit www.wonder.fi.

Information and forward-looking statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation. They may also contain statements that constitute “forward-looking statements” within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Such information and forward-looking statements do not represent historical information or facts or current conditions. , but instead merely represents the company’s beliefs regarding future events, plans, or goals, many of which are inherently uncertain in nature and beyond the company’s control. In general, such information or forward-looking statements may be identified by the use of forward-looking terms, such as “may,” “plan,” “expect,” “believe,” “will,” “expected,” and “estimate.” or different forms of these words.

By identifying this information and data in this way, the Company advises the reader that it is exposed to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance, or achievements to differ for the Company. differ from those expressed or implied by such information and data. In addition, the company has made certain assumptions regarding the information and forward-looking statements contained in this press release. Key factors that could cause actual results to differ materially from those projected in the forward-looking statements include: The Company’s ability to work effectively with strategic investors and changes in economic, business and financial conditions. Public policies, including changes in financial markets, changes in applicable laws, and compliance with comprehensive government regulations. If one or more of these risks, uncertainties or other factors materialize, or if the assumptions underlying the forward-looking information or statements prove incorrect, actual results may differ materially from those described in this document.

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Although the Company believes that the assumptions and factors used in preparing the information and forward-looking statements and the expectations contained therein are reasonable, it should not be relied upon entirely and no guarantee or assurance can be given that such information and statements prove their accuracy, as actual results and future events could differ materially from those expected. The information and forward-looking statements contained in this press release are made as of the date of this news release and the Company undertakes no obligation to update any information or forward-looking statements found or referred to herein, except for current securities laws. All subsequent oral and written information and forward-looking statements attributable to the Company or persons acting on its behalf in their entirety are expressly enabled by this notice.

forward-looking information

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept any responsibility for the adequacy or accuracy of this release.

On behalf of the board of directors
Written by: Dominic Carusa https://twitter.com/dcarosa
Dominic Carusa
Chief (1-888-218-6863)

The original source language text of this version is the official supported version. The translations are provided as adaptation only and must be checked against the source language text, which is the only version of the text that will have legal effect.

Watch the original on businesswire.com: https://www.businesswire.com/news/home/20220614005443/ar/

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Ethan Lyle
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