Banxa Partners With Leading Web3 Firms

TORONTO, Aug. 1, 2024 /CNW/ - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa'' or the "Company") is thrilled to announce its new strategic partnerships with leading Web3 firms. These partnerships add to Banxa's vast partner network and expand its distribution access to over a billion users globally, further bolstering transaction volumes.

Highlighting a select few partners below:

• Proton Wallet - A secure, self-custodial Bitcoin wallet designed for ease of use with decentralized applications. It generates multiple Bitcoin addresses for receiving transactions, enhancing privacy and security. The wallet allows users to manage their Bitcoin without needing to handle long addresses directly, streamlining the user experience. A potential user base of over 100 million Proton accounts through its integration with Proton services.
• Jupiter Exchange - A decentralized exchange aggregator built on the Solana blockchain. It specializes in providing liquidity and optimizing trading for users across various decentralized exchanges (DEXs) and automated market makers (AMMs) on Solana. Users can utilize Jupiter to access the best token prices and execute trades efficiently through features like swap tools and limit orders. The platform aims to enhance trading experiences for its over a million monthly active smart traders seeking competitive advantages in the cryptocurrency market.
• Lace Wallet - A light wallet platform designed for exploring Web3 technologies. It allows users to securely send and receive digital assets, stake ADA (Cardano's cryptocurrency), and engage with decentralized applications (DApps). It has ambitious growth plans to onboard 5 million new users.

Banxa's newest partners' users can now buy crypto using major payment methods and several local payment methods across 135+ countries. Banxa enhances the user experience while driving greater adoption of decentralized platforms with market leading conversion rates.

ABOUT BANXA HOLDINGS INC.

Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: "Zafer Qureshi"

Zafer Qureshi = Executive Director and Co-CEO, [phone]

Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward–looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions.

These forward–looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

SOURCE Banxa Holdings Inc.

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