GreenBox POS Surpasses $1 Billion Processing Volume Milestone for 2021
October 08 2021 - 08:31AM
GreenBox POS (NASDAQ: GBOX) ("GreenBox" or the "Company"), an
emerging financial technology company leveraging proprietary
blockchain security to build customized payment solutions,
announced the company has processed more than $1 billion in
transaction volume in 2021, a threshold crossed during the month of
August. This represents nearly 5 times the total processing volume
for all of 2020.
The launch of the Company’s Generation 3
technology, expansion of its ISO and agent network, and
acquisitions of ChargeSavvy and Northeast Merchant Services all
contributed to driving the exponential processing growth throughout
the year.
“This is a monumental milestone for GreenBox POS
and demonstrates the Company’s successful development and
deployment of our one of a kind blockchain ledger-based payment
processing technology as well as our expanding agent and partner
network,” said Fredi Nisan, Chief Executive Officer of GreenBox
POS. “To achieve such scale only 16 months since our initial launch
is truly a remarkable achievement that we are very proud of. As we
continue to execute on our strategy with select acquisitions and
the eventual adoption of our Coyni smart contract technology, we
expect processing volume to continue to escalate rapidly.”
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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