Banxa

Banxa is an Australian publicly-traded company that operates a fiat-to-digital currency payments infrastructure platform. It aims to bridge the gap between traditional financial systems and digital asset platforms by enabling the conversion of fiat currencies into cryptocurrencies and vice versa. Banxa's core offering is its Plug-and-Play Fiat Onramp, which allows users to seamlessly buy and sell digital assets using various payment methods.

The company's platform is designed to handle regulatory compliance, fraud detection, and anti-money laundering measures across multiple jurisdictions. Banxa has established local entities in various countries, including Brazil, Turkey, the UK, and the US, to facilitate local payment processing and comply with regional regulations. In May 2022, the company launched support for the USDC stablecoin on the Hedera blockchain, marking its entry into the Web3 ecosystem.

Banxa's technology integrates with nearly 300 crypto exchanges and platforms, providing access to millions of potential users. The company's revenue model is not affected by cryptocurrency price fluctuations, as it generates income from the transaction fees charged for facilitating fiat-to-crypto conversions.