Crypto Gateway Solution Banxa Announces New Product Features, New Coins, and New US/EU Payment Methods

Announcements, News | September 1, 2021 By:

Banxa, a payment service provider (PSP) for the cryptocurrency industry, has announced new product features, coins, and new EU/US payment methods.

Headquartered in Melbourne, Australia, Banxa powers the world’s largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. The platform partners with different cryptocurrency exchanges, wallets, and decentralized finance (DeFi) platforms to enable their customers to purchase digital assets. Users can pay using various methods such as a credit/debit card, Apple Pay, or bank transfer. Currently, Banxa services companies such as Binance, EDGE Wallet and Kucoin.

In a press release, the company said that it has added 17 new coins throughout August, including AAVE, Dogecoin, Enjin Coin, CELO, Avalanche, Compound and MATIC/Polygon. All recently launched coins have been evaluated by Banxa’s legal and compliance teams. These new coins allow end users of Banxa’s partners to access new digital services such as Decentralised Finance (DeFi). These and other coins have been added to our partner platforms for purchase.

Banxa has a number of product enhancements now live to continue improving the customer experience. This week the company launched its new Order Management screen with the aim to assist customers by simplifying the order process. The screen allows end users to easily understand next steps are to complete the transaction, this helps improve conversion, making Banxa’s service even more valuable to its partners.

Banxa has also extended its US coverage with US wire transfers for North American customers, and European coverage with ‘SEPA Instant Credit Transfer’ (SCT Inst) for eligible customers. This will allow end-users with SCT Inst ready accounts to purchase coins faster by enabling pan-European credit transfers and funds being available in accounts within ten seconds. Banxa’s aim is to get >99% of coin purchases to under twenty minutes, and SEPA Instant payments is an important step in this process.

“Banxa’s mission is to bring fair and equal access to digital assets to everyone, regardless of geography,” said Holger Arians, CEO of Banxa. “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.”