As the whole world undergoes a digital transformation at an unprecedented pace and the adoption of cryptocurrencies continues to grow, it is more important than ever to bridge the gap between digital assets and fiat currencies.
Fiat is a government-issued currency and the most commonly used and widely adopted currency in the world. Meanwhile, more and more people have now invested in cryptocurrencies, but the barrier to entry is still quite high and difficult for most.
By enabling a fiat onramp process, we want to democratize the opportunities to invest and empower our users with a more accessible way to purchase digital assets like cryptocurrencies, security tokens, and fractionalized NFTs (F-NFTs) using their preferred fiat currency.
From helping startups to industry leaders, Banxa has been at the forefront of developing best-in-class payments services for the digital assets industry since 2014, backed by a payments infrastructure that is compliant with the highest security and regulatory standards.
A publicly listed company, Banxa is driven by its vision and mission to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. As part of their suite of services, Banxa supports national currencies, along with worldwide offices that provide local support for partners.
“The collaboration between IX Swap and Banxa will see us bring cutting-edge and reliable fiat onramp solutions that will make the whole security token and digital asset journey easier and more intuitive for our users,” Aaron Ong, co-founder of IX Swap explained. “By leveraging Banxa’s payments infrastructure, IX Swap clients and users will have more accessible fiat options to make the most out of their security token journey. This means they will be able to seamlessly transfer funds between fiat and crypto with just a few steps.”
“Banxa is pleased to welcome IX swap as our latest partner and excited about the future together as IX Swap bridges the gap between DeFi and CeFi,” Banxa Head of Sales Mark O’Shaughnessy said. “Banxa and IX Swap are aligned as both our businesses are globally focussed with a diverse team working together across multiple countries and still growing.”
About IX Swap
IX Swap is a next-generation platform that leverages DeFi services backed by CeFi regulatory compliance to facilitate safe and convenient issuance, listing, and trading of security tokens and fractionalized NFTs.
By bridging the gap between traditional finance and innovative blockchain-based solutions, IX Swap is paving the way in democratizing access to traditional financial markets that have never been done before.