GreenBox POS Selects Miami as Headquarters for its Stablecoin Spin-off, Coyni
September 21 2021 - 8:32AM
GreenBox POS (NASDAQ: GBOX) ("GreenBox" or the "Company"), an
emerging financial technology company leveraging proprietary
blockchain security to build customized payment solutions,
announced it has selected Miami as its headquarters for its
stablecoin spinoff company, Coyni.
Miami is quickly becoming a hub for Fintech
companies driven by the strong advocacy and leadership from Mayor
Francis Suarez. The city hosted this year’s Bitcoin conference and
is moving towards the acceptance of tax payments in Bitcoin
enabling city workers to be eligible to receive part of their pay
in Bitcoin. Several top financial firms and investors have recently
launched startups or moved to the city including former CEO of
Paypal, Bill Harris, who chose Miami for his digital bank start up,
Nirvana. GreenBox is currently in the process of evaluating office
space and appointing the Coyni executive management team in
preparation for its upcoming spin-off and initial public
offering.
“Miami’s growth in attracting leading Fintech
companies as well as its embrace of digital and crypto currency
makes it a natural fit as Coyni’s primary base of operations,” said
Fredi Nisan, Chief Executive Officer of GreenBox POS. “Being at the
center of a multicultural region that is supportive of digital
currency trends with branches to South America and the Caribbean
position Coyni well for rapid adoption and expansion. We look
forward to being a part of Miami’s fintech community and bringing
our innovative financial technology to markets everywhere.”
About GreenBox POS
GreenBox POS
(NASDAQ: GBOX) is an emerging financial technology
company leveraging proprietary blockchain security to build
customized payment solutions. The Company's applications enable an
end-to-end suite of turnkey financial products, fraud detection and
improving the efficiency of handling large-scale commercial
processing volumes for its merchant clients. For more information,
please visit the Company's website at www.greenboxpos.com.
Forward-Looking Statements Disclaimer
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. All forward-looking statements are inherently uncertain as
they are based on current expectations and assumptions concerning
future events or future performance of the Company. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are only predictions and speak only as of the
date hereof. In evaluating such statements, prospective investors
should review carefully various risks and uncertainties identified
in this release and matters set out in the Company's SEC filings.
These risks and uncertainties could cause the Company's actual
results to differ materially from those indicated in the
forward-looking statements.
Investor Relations ContactMark
SchwalenbergMZ Group - MZ North
America312-261-6430GBOX@mzgroup.uswww.mzgroup.us
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