- GRBX
expects to ship enough new integrated hardware and software units to bring
$750,000 in monthly net income by year-end
- GreenBox
has a goal of processing $1 billion of transactional volume in FY2019
- The
company recently acquired Sky Mids Technologies, boosting its volume
capacity
- GRBX
is well positioned in multiple rapidly growing sectors, including payments
processing, fintech and secure point of sale terminals
Fresh off deployment of its latest blockchain-based hardware
and software to payments solutions clients, GreenBox POS, LLC (OTC: GRBX) is
focused on ramping up transaction volume. GreenBox plans to ship enough of its
newest TrustGateway units pre-installed with the company’s software by year-end
to generate transaction volume that’s projected to contribute $750,000 per
month to net income.
“We continue to work on increasing bandwidth and speed of
transactional volumes,” Ben Errez, executive vice president of GreenBox, stated
in a news release. “The demand for our services far exceeds our initial
projections. We owe it to our clients to accommodate their growing needs
safely, securely and efficiently.”
The company has even bigger ambitions for next year, when
its expects to process more than $1 billion of transactional volume (http://ibn.fm/mdgQN).
Integral to the GreenBox effort to reach that milestone is
the company’s recent acquisition of Sky Mids Technologies. The deal allowed
GRBX to absorb Sky’s engineers, technology and book of transactional business.
“Following the Sky acquisition, we will be able to accelerate the pace by which
the thousands of new business applications are processed, and the best selected
to join our ecosystem and enjoy the benefits of our technology,” Errez noted in
a news release (http://ibn.fm/MTolz).
GreenBox’s TrustGateway technology is highly effective in
preventing fraud for all transactions processed on the company’s payment
platform. Because it owns the blockchain payment system in its entirety, GRBX
has a competitive advantage in fraud prevention. To date, there have been no
successful penetrations of the GreenBox platform’s defensive walls. Nor have
any of the company’s customers lost money or been otherwise harmed through
secure transactions across the platform.
GRBX’s technology and growth have it well positioned in
multiple rapidly growing industries, including the global payments sector,
projected to reach $2.2 trillion by 2020; the financial technology sector,
forecast to grow at nearly 55 percent CAGR through 2020; and the global point
of sale terminals market, estimated to have a value of $116 billion by
2025 (http://ibn.fm/4fmtv).
GreenBox POS uses the company’s proprietary technology to
build customized payment solutions for a multitude of industries. GreenBox POS
has developed the fastest and safest way to send and process money using
blockchain technology and has been awarded five provisional patents. The
company develops the following main products: POS (point of sale software and
hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app,
providing financial APIs to all other components); and KIOSK (deposit, cash and
E-wallet management). GRBX is based in San Diego with offices in Seattle, Las
Vegas, and Vancouver, BC.
For more information, visit the company’s website at www.GreenBoxPOS.com
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Editor@QualityStocks.com
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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