Australian Crypto Firm Banxa to Cut Staff by 30% Citing ‘Another Crypto Winter’

From decrypt.co

Banxa, a crypto payments operator, announced that it would lay off 30% of its staff to reduce operating costs amid the ongoing bear market. "Banxa must take decisive actions to reduce costs now, or else our company won't be able to succeed over the long run," wrote Holger Arians, Banxa's CEO, in a letter to employees as reported by The Australian Financial Review. The Australian firm is a global on-and-off ramp solution, facilitating conversions between digital assets (including cryptocurrencies and NFTs) and fiat currencies. "Like many others in our industry [we] are anticipating another crypto winter, with ... (full story)