Banxa collaborates with AAX to enable the purchase of cryptocurrency using fiat currency and vice versa

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An exit ramp Web3 remedy Customers can now buy bitcoin with fiat cash and vice versa, thanks to Banxa’s recent agreement with the cryptocurrency exchange AAX.

One of the most important aspects of AAX’s expansion efforts, according to Ben Caselin, Head of Research and Strategy, is partnering with Banxa to provide more options regarding on- and off-ramps into cryptocurrency and strengthen crypto-to-fiat liquidity. This is especially true as we engage the general public and forge new market frontiers.

One of the first cryptocurrency exchanges, AAX, adopted the Satoshi Standard (SATS) to promote the acceptance of bitcoin.

After there was a significant need for an alternate unit in the crypto world, the SATS was developed. The smallest units of the cryptocurrency bitcoin (BTC) are satoshis (SATS), and one BTC is equivalent to 100,000,000 SATS.

Customers can use local banking and payment options through Banxa with less hassle, lower costs, and improved fraud protection.

Additionally, the agreement will enable Banxa customers in Tokyo, Korea, and Brazil to take advantage of the best conversion rates and lowest fees on AAX for the widest range of currencies and payment options, including credit cards and direct bank transfers.

Customers can also utilize Banxa on AAX with 49 other cryptocurrencies, including BTC, ETH, SOL, DOT, and BNB, as well as local payment methods.

But at the moment, GBP, AUD, USD, and EUR can be used to withdraw cryptocurrency.

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