Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) (“Banxa” or the “Company”), a global infrastructure provider for enabling embedded crypto, brings native liquidity access to the Tezos ecosystem.
Tezos is a leading blockchain platform that enables smart contracts, scalable applications, and institutional-grade innovation, and with the new Etherlink integration, is now supported by Banxa’s local on- and off-ramp infrastructure, and compliance and licensing reach. This makes it easier for users to confidently enter and exit the crypto market worldwide.
Tezos has continued to evolve over time, adding new features with each protocol upgrade that make the network faster, safer, and simpler to use, as seen in the recent Seoul protocol upgrade. This integration builds on that progress.
Etherlink, an EVM compatibility layer for Tezos, will benefit from Banxa’s fiat-to-crypto gateway to onboard users globally. With support for fiat currencies, the native token of Tezos XTZ, as well as stablecoins like USDT and USDC, Etherlink can seamlessly expand access for developers and users building within the Tezos ecosystem.
“Speed, resilience, and continuous evolution are all hallmarks of the Tezos ecosystem, and more projects are experiencing the benefits of building on the network every day. Banxa’s seamless fiat and crypto payment services streamline access to this vibrant ecosystem for users, granting Tezos ecosystem projects greater reach across global markets and driving faster adoption”, said David Relkin, Head of DeFi at Nomadic Labs.
“Banxa’s embedded crypto infrastructure is helping to bridge traditional finance and crypto with reliable on- and off-ramp services for millions of users globally,” said Holger Arians, Banxa Co-Founder and Co-CEO. “We’ll continue to support merchants and growing ecosystems, like Tezos, to offer a frictionless user experience, while simultaneously preparing for future demand in digital payments by institutional players.”
Looking ahead, Banxa will extend support to additional Tezos-based DeFi protocols and dApps and the growing number of Etherlink projects across DeFi, Social, and gaming.
About Tezos
Tezos is an open-source and energy-efficient blockchain designed to empower institutions, developers, and businesses and facilitate value transfer in a digital environment. It is designed for the scalable deployment of decentralized applications. As one of the first Proof of Stake blockchains, Tezos is globally supported and valued for its strong governance, long-term upgradability, and smart contract capabilities.
Banxa is the leading infrastructure provider for enabling embedded crypto – empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets.
