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Banxa partners with AX to allow the purchase of crypto in fiat and vice versa

Banxa partners with AX to allow the purchase of crypto in fiat and vice versa

On-Off-Ramp Web3 Solution Banxa’s new partnership with cryptocurrency exchange AAX now allows customers to buy crypto for fiat and vice versa.

Ben Kesselin said, “Partnering with Banxa to offer more options around the on- and off-ramp in crypto and strengthening crypto-to-fiat liquidity is an important part of AAX’s expansion work, especially as We join the mainstream and enter new markets.” , Head of Research and Strategy with AAX.

AAX was one of the first crypto exchanges to switch to the Satoshi Standard (SATS) for bitcoin adoption.

SATS was created after a huge demand from the crypto community for an alternative entity. Satoshis or SATS are the smallest units of the cryptocurrency bitcoin (B T c), and 1 BTC is equal to 100,000,000 SATS.

Through Banxa, customers can access local payment and banking options with low friction, low fees and better fraud protection.

The partnership will help Banxa customers in Tokyo, Korea and Brazil take advantage of the highest conversions and lowest fees on AAX for the widest range of currencies and payment methods using credit cards and direct bank transfers.

In addition, customers can use Banxa on AAX with BTC, ETH, SOL, DOT, BNB and 49 other cryptocurrencies and local payment options.

However, at the moment the currencies available for cashing out of crypto include GBP, AUD, USD and EUR.

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Banxa partners with AX to allow the purchase of crypto in fiat and vice versa

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