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Wednesday, May 22, 2019 6:01:00 PM
[Update] BXA partners with SOMA and Coco, premier social media network platforms in Middle Eastern and North Africa (MENA) regions
BXA signed a Memorandum of Understanding between BXA and SON Foundation. SON Foundation is the crypto foundation wholly owned by Instanza Interactive Ltd who manages the two messenger applications, SOMA and Coco. To date, it is most widely used in several MENA countries where it is the de facto messaging application. It grew in popularity due to its strength in security and privacy, while supporting high quality voice calls and messaging.
BXA will collaborate with SOMA and Coco to integrate our ecosystem together to make cryptocurrencies a preferred way of digital and cross border payment.
Read more about it in the link below:
https://medium.com/bxaglobal/bxa-partners-with-soma-and-coco-premier-social-media-network-platforms-in-middle-eastern-and-b3b9b84d1104[Announcement] Official Exchange Listing
BXA is excited to announce that we have listed on two new leading exchanges - Bithumb Global and Cashierest.
Trading on these exchanges has already started and users can access these exchanges in the links below to trade BXA tokens:
Bithumb Global - https://global.bithumb.pro/spot/
Cashierest - https://www.cashierest.com/Stock/KrwStock [Update] 200m USD Investment Contract Signed with Japanese Fund
We are excited to announce that we have signed on a 200mil USD investment from ST Blockchain Fund, as a part of Series A equity financing round. ST Blockchain Fund is incorporated in Japan, which is backed by investors from European and North American corporations. The fund shared our vision of creating a global digital exchange platform that can efficiently transfer value across borders with lower costs, which was the key rationale behind this investment decision.
With the funds raised, we will focus on expanding globally and offering multiple fiat-to-crypto/crypto-to-crypto trading pairs.[Announcement] Update on BXA's acquisition of BTC Holdings
• The acquisition of Bithumb is a core strategy of BXA's vision to build a connected world where assets and value can be transacted across borders efficiently with minimal fees.
• The large community and deep liquidity of Bithumb, as one of the largest digital asset exchange in the world, will help to accelerate the growth of BXA's Exchange and Payment business.
• Given the importance of Bithumb to BXA, we have agreed to acquire with a maximum of 70% of BTC Holdings. The acquisition completion date for BTC Holdings has been postponed to September 2019 to allow for more time for negotiations.
• Recently, BK Global Consortium has successfully received investments from various prominent investors from the globe and funding is currently being in process of execution, which closed the necessary funding to complete the acquisition of BTC Holdings by the end of March 2019. Hence, BK Global Consortium is currently negotiating on allocation of shares as well as strategic partnerships among Consortium investors, and final closing of acquisition will be made soon in several months.
• We would like to thank our global partners and investors to create the most advanced cryptocurrency platform in the world. We are excited about the responses that BXA have received on the equity raise which will create a well-capitalized entity with the capacity to build the world's most connected digital asset platform
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