Crypto payment provider Banxa enhances features, adds new coins, new US/EU payment methods

Highlights

• Banxa has added 17 new coins since March with a combined daily trading volume of $8.5 bn USD
• User improvements include a new Order Management dashboard with aim of >99% of orders processed in 20 mins
• The company has added SEPA Instant (SCT Inst) allowing EU based customers access to instant settlement, with US wire transfers to follow

BANXA, a public payment service provider (PSP) for the digital assets industry, has announced a host of new upgrades to help customers and partners access cryptocurrency more simply and efficiently.

Firstly, the company 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 coins allow end-users of Banxa’s partners to access decentralized finance (DeFi) services. All of these and other coins have also been added to Banxa’s partner platforms for purchase.

For more information on the coins available on Banxa click here.

Further, Banxa has a number of new enhancements now live to continue improving the user experience.

This week Banxa launched a new order management screen with the aim to simplify the order process. The screen allows users to easily understand the 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 are an important step in this process.

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