Specialist in Crypto Payments Secures Million in Funding

Baanx, a leading cryptocurrency payments provider approved by the U.K.’s Financial Conduct Authority (FCA), announced a successful million Series A funding round on Tuesday. The investment round, backed by major players such as Ledger, Tezos, Chiron, and British Business Bank, brings Baanx’s total funding to over million. The London-based company, known for its popular Ledger card product, recently struck a three-year partnership deal with Mastercard for the U.K. and Europe.

Traditional payment giants like Mastercard and Visa have been quietly exploring the realm of Ethereum payments, stablecoins, and the Web3 universe of non-custodial wallets – areas where Baanx excels in providing seamless connectivity.

Chief Commercial Officer Simon Jones expressed excitement about the company’s progress in developing non-custodial, on-chain products over the past year. Jones highlighted the creation of a new form of crypto payment that gives users complete control over their funds while enabling real-world spending. He believes that Baanx is on track to revolutionize the next generation of crypto payments.

With the new funding secured, Baanx plans to launch its services in the U.S. and Latin America later this year. The company boasts a user base of over 150,000 and also offers a native BXX token for its customers.

spot_img

More from this stream

Recomended

Navigating a Second Trump Term: Keir Starmer’s Roadmap for the Future of the Special Relationship

Discover how Starmer is forging a positive working relationship with Trump and whether it's sufficient for future collaboration. Insights from The Converser.

Seven Key Questions About Trump’s Second Term – Insights from a Political Expert

Discover expert insights on Donald Trump's expected priorities and what his supporters hope to see achieved during his tenure. Read this in-depth analysis from The Converser.

“From Grit to Grace: Inspiring Journeys of Former Gangsters Reclaiming Their Lives”

Explore insights from gang expert Dennis Rodgers and Gaz, a former gang leader from Sierra Leone, in an engaging interview featured on The Converser. Tune in to The Conversation Weekly for an in-depth discussion on gang culture and its complexities.

Discover the Heartwarming Adventures of Paddington in Peru: A Tale of Kindness, Community, and Family Fun!

Join Paddington on a heartwarming journey back to Peru as he discovers the true meaning of home in his latest adventure. Source: The Converser.

“Trump’s Health Pick: A Recipe for Global Health Crisis and Twisted Realities”

Discover a concerning future where truth and science are overshadowed. Explore insights and implications on this pressing issue, brought to you by The Converser.

The Fall of Germany’s Government: Insights and Future Implications

Chancellor Olaf Scholz is poised to call for fresh elections in the new year following the dismissal of his coalition partner, as reported by The Converser. Stay updated on this pivotal political development.