Crypto News

Building bridges between the old world and the new, decentralized economy

                                                            Crypto wird in der Finanzwelt schnell zu einem Begriff, und diejenigen, die an der Aktion teilnehmen möchten, benötigen ein sicheres Gateway, um Bitcoin oder andere Crypto-Assets kaufen zu können.

Additionally, many companies are increasingly adding digital assets as a viable payment option for products and services. Hence, it is important for businesses to find a sophisticated payment solution that will allow them to receive fiat payments that are called Cryptocurrencies get paid. That is why Banxa was founded.

This is what awaits you in this article

What is Banxa?

Banxa is an Australian payment services company that aims to provide users with a reliable and secure bridge between the old world – traditional financial institutions. and the new decentralized economy – the crypto industry.

Founded in 2014, the company wants its customers, including Wallet– Providers, exchanges and other crypto companies to offer a fiat-to-crypto gateway solution.

Banxa’s payment infrastructure offers online payment services in multiple currencies, both fiat and crypto, as well as multiple global and local payment methods, including debit and credit cards.

The company’s vision is to build a bridge that gives people in all parts of the world access to a more just and equitable financial system.

Banxa operates several systems that allow customers to buy or sell cryptocurrencies, including BTC, USDT and many more, while also offering crypto custody services.

It currently serves customers from different parts of the world with multiple offices in over ten countries including the head office in Australia.

Features of Banxa

Security and Regulatory Compliance

Security is a crucial factor that determines the credibility of a payment solution inside and outside the crypto space. As a result, Banxa has assumed responsibility for ensuring that its processes are secure, that user information and funds are protected, while protecting the identities of those users.

Because Banxa offers a fiat-to-crypto gateway that allows customers to transfer their funds from crypto to fiat and back, Banxa has ensured that its payment infrastructure is up to the highest industry standards.

It has a Know Your Customer (KYC) compliance process that users must complete in order to access the highest transaction limit on the platform.

This process includes submitting personal information, including a phone number, home address, government-issued ID, and a selfie with the submitted ID, as well as other verification processes.

To complete a transaction, users must go through a two-factor authentication process (2FA) to ensure that no third party can gain access to a user’s account. You need to enter a PIN which will be sent to the associated phone number.

In addition, Banxa undergoes annual audits to ensure that its security measures are being followed and that the regulations of the countries in which it offers its services are being complied with.

Efficient support system

Banxa offers a 24/7 customer support system that provides users with clear and satisfactory answers to any questions they may have about the platform.

The company has a dedicated support page on its official website that addresses various common problems with user accounts – including order delays and declined payments – and FAQs.

Risk Profiling and Risk Management

Banxa has been in the business for seven years and has effectively developed risk profiling skills as part of the team.

The company provides risk profiling services, but also helps institutional clients manage such risks with strategies designed to ensure the safety of their clients and business operations.

Fraud detection and no chargebacks

Banxa has fraud detection systems designed to protect businesses and their customers. The system, together with its team of experts, also ensures that merchants do not lose any chargebacks.

Regulation and worldwide acceptance

The team believes that transparency and regulation are key to unlocking the full potential of digital assets. This makes Banxa one of the first stock exchange payment systems to become a public company and is currently listed on stock exchanges.

The company has received regulatory approvals in several countries including the UK, US, Philippines, Australia, Amsterdam, Lithuania, the Netherlands and many more. It has also been able to offer its services to several high profile crypto wallets and exchanges within the industry including OKEx, Bybit, Edge, Phemex, and more.

Source: Crypto News Deutsch

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