JengaX partners up with NBX

Norwegian Block Exchange, with the founder of Norwegian Bank and Norwegian Airways Bjørn Kjos as the majority owner, and JengaX have signed the agreement that will give JengaX access to a Nordic customer base, while providing NBX access to the African market through a partnership which also includes SPENN Technology – one of the founders of JengaX.

“This is a great recognition of JengaX. We are pleased to have earned the trust of a leading crypto and blockchain player in the Nordics. JengaX's vision is to make crypto user-friendly. Partnering with NBX provides an opportunity to accelerate our offering in the Nordic markets. NBX provides access to a large user-base which stand to benefit from having access to our services,” says Vegard Svalebjørg, CEO of JengaX.

Norwegian Block Exchange has a customer base throughout the Nordics and beyond. Headquartered in Oslo, NBX is registered with the Financial Supervisory Authority of Norway. NBX’s goal is to make cryptocurrency widely available and let anyone take part in secure, efficient, and user-friendly services based on blockchain technology.

“So far, our focus has been on the Nordics, but with partnerships with JengaX and SPENN, 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-Mathiesen, CEO of NBX.

JengaX has developed a payment solution that will enable payment with cryptocurrency wherever you currently pay with Visa or MasterCard. This will increase the user-friendliness of cryptocurrency in a completely new way in the Nordic countries.

“By increasing user-friendliness, we will at the same time address a significantly larger audience that will benefit both NBX and JengaX. The payment solution is built so that it is easy to create savings agreements directly with NBX. This will help create additional transactions for NBX while volumes will increase. This is a win-win for both players,” says Svalebjørg.