Canadian Payment Firm Jumps on Crypto-to-Fiat Bridge

Canadian Payment Firm Jumps on Crypto-to-Fiat Bridge

By: Tomas Ronolski - News

Monday, May 17, 2021

As more investors look to invest in crypto and digital assets, firms that enable payment bridges will benefit. This Canadian firm is at the forefront of this emerging field.

Banxa (TSX-Venture:BNXA), a payment service provider for the crypto industry, announced the integration of its crypto-to-fiat gateway, which allows Bancor users to purchase crypto without having to convert their fiat currencies into dollar-backed stablecoins, bitcoin or ether.  

Banxa has served crypto companies since 2014, and is partnering with different cryptocurrency exchanges, wallets and DeFi platforms to enable their customers to purchase digital assets via multiple payment methods.

In a down day for markets, shares of Banxa were up almost 7% to $3.75 in late-morning trading.

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