Nexa Cards advances security roadmap and reports $117,404 presale as OX Agency talks progress
Payments platform steps up focus on biometric security and artificial intelligence while reporting growing presale participation linked to recent product updates
Nexa Cards is advancing its security roadmap while reporting increased presale participation, as it moves forward with plans to acquire OX Agency.
The reloadable stored-value debit cards specialist said it has entered discussions to acquire OX Agency, a developer of facial recognition and artificial intelligence-driven identity verification technology.
Nexa Cards said the proposed transaction would enable the use of real-time biometric verification, AI-powered identity matching and advanced risk analysis across customer onboarding, transaction monitoring and overall platform security.
Nexa Cards also reported that its presale has reached $117,404, reflecting increased participation following a series of recent product and infrastructure announcements.
The company said presale proceeds are intended to support platform expansion, card issuance and global user onboarding. Participants are offered early pricing, bonus token allocations, eligibility for exclusive airdrops and early access to evolving card features.
“As digital payments evolve, control over identity and security infrastructure becomes increasingly important,” said Randy Waxman, president of Nexa Cards.
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The company operates a global payments ecosystem offering virtual and physical stored-value cards with crypto-to-fiat functionality and acceptance across major payment networks. Nexa Cards said the planned introduction of AI-driven biometric verification is expected to strengthen customer trust and enhance risk controls as the platform scales.
The company added that discussions regarding the acquisition remain subject to customary due diligence, the execution of definitive agreements and applicable regulatory approvals. It cautioned that there can be no assurance that a transaction will be completed, or as to its final structure or terms.
The Recap
- Nexa Cards advances security roadmap via potential acquisition talks.
- Presale participation reached $117,404, showing rising investor interest.
- Acquisition talks remain subject to due diligence and approvals.
