BANXA Holdings Inc Partners with Atomic Hub to Launch Direct Cash to NFT Solution for NFT Marketplace

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BANXA (TSX-V:BNXA, OTCQX:BNXAF) Holdings Inc has announced its entry into the US$17 billion non-fungible token (NFT) market with the launch of a new cash (fiat) to NFT payment in partnership with market leader Atomic NFT Hub.

The digital payment infrastructure provider said the launch gives its global network of partners access to millions of end users looking to more easily purchase NFTs with credit cards.

“BANXA is excited to build on our core On-Ramp and Off-Ramp product with our new Fiat till at NFT,” Holger Arians, CEO of BANXA Holdings, said in a statement.

READ: BANXA expands local fiat-to-crypto payments infrastructure in Brazil, Turkey and elsewhere

“We know there is a tremendous amount of friction in the NFT purchase journey – and we believe our payment product will make it easier for consumers to purchase NFT with our partners – reinforcing our commitment to creating more points access in and out of the cryptocurrency market,” added Arians.

BANXA noted that with an infrastructure built on the WAX-certified carbon-neutral blockchain, it believes this is the first of many partnerships in the ecosystem that will reduce friction for NFT purchases.

Additionally, the company reported that it signed new key partners in April, including BitForex, Umbria, and CoinTiger, while adding five new coins and chains, including HBAR, LUNA, and WAXP.

BANXA also announced that it recorded US$56 million in total transaction value (TTV) for the month of April 2022, which it says is in line with the market downturn and the peer base.

BANXA powers the world’s largest digital asset platforms by providing payment infrastructure and regulatory compliance in global markets. The company is headquartered in Melbourne, Australia, and its European headquarters in Amsterdam.

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