NBX partners with Spenn Technology and JengaX

20 Mar 2023 08:50 CET

Oslo, Norway - NBX, the leading Norwegian-based digital assets exchange, has
signed agreements with Spenn Technology and JengaX to exploit synergies between
the three companies and increase market share. The agreements will give NBX
access to the African market through SPENN and JengaX, and connect SPENN and
JengaX to the nordics.

A part of the partnership is to explore the development of an easy on-ramp to
the SPENN ecosystem from the Nordic countries, allowing Scandinavians with
family, friends and roots in Africa to conveniently transfer funds and value to
them. Further enable customers of both SPENN and JengaX to purchase and sell
crypto currencies across geographical regions, and connect them with
decentralized financial services.

"We love SPENN’s focus on financial inclusion. This partnership can
significantly lower the cost of money transfer, which is especially relevant on
the African continent, where many people struggle to make a living and where
financial costs are extremely high", says Bjørn Kjos.

Both SPENN and JengaX are expected to utilize NBX’s
Crypto-Compliance-as-a-service to ensure a safe, secure and compliant payment
network. The partnership will also explore issuing crypto linked debit and
prefilled payment cards.

"So far, our focus has been on the Nordics but with partnerships with SPENN and
JengaX, we can expand our offering to the African market, which has the highest
uptake of crypto usage, and which is very friendly towards blockchain and
cryptocurrency technology. I also expect the partnership to increase the
Scandinavian market for NBX as we will get exposure to other customer segments",
says Stig A. Kjos-Mathisen, CEO of NBX.

"We are very excited to partner with NBX to build a highly competitive
remittance solution, which will enable more cost-effective financial interaction
both in Europe and throughout the SPENN network in Africa", says Jens Glasø, CEO
of SPENN Technology.

Link to info page: https://nbx.com/

--------

Contact person:
Stig Kjos-Mathisen - CEO Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47
93287572

More information:
Access the news on Oslo Bors NewsWeb site