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January 19, 2021 (ACCESSWIRE through COMTEX) —
Core Generation 3 Capabilities to Quickly Speed up Portfolio Onboarding and Processing Effectiveness
SAN DIEGO, CA / ACCESSWIRE / January 19, 2021 / GreenBox POS (OTCQB:GRBX) (“GreenBox” or the “Company”), an emerging economic engineering company leveraging blockchain protection to develop custom made payment methods for retailers, announced currently the release of its Era 3 technology. With the completion of the highly developed integration, GreenBox can now seamlessly onboard, observe and management service provider portfolios in its proprietary blockchain dependent platform.
The new engineering expands and expedites the Firm’s abilities to add service provider portfolios even though continuing to supply a secure blockchain ledger payment process with unmatched velocity and performance for transaction settlement. The accelerated onboard module function has currently tested successful in early tests major to fourth quarter processing quantity of in excess of $100 million, the most in organization background for a solitary quarter as formerly introduced.
Added materials attributes are set to be produced and stabilized in excess of the to start with quarter of 2021. These types of options involve know-your-buyer (KYC), payment management, blockchain banking solutions, blockchain provenance for controlled onboarding, wise contracts, and cryptocurrency which includes Stablecoin compliance, all of which take away obstacles to growth and velocity.
“When Technology 2 expanded GreenBox world-wide abilities with options like cryptocurrency and Currency trading, Generation 3 unlocks the door to immediate scalability with accelerated onboarding and Stablecoin compliance,” stated GreenBox CEO Fredi Nisan. “Prior to Generation 3, the system of onboarding new portfolios took at the very least several days. With our current updates, we will be capable to decrease that time to 15 minutes or considerably less. GreenBox proceeds to exhibit the strength of its advancement resources and its determination to the evolution of our distinctive platform as we continue on to grow.”
About GreenBox POSGreenBox POS (OTCQB:GRBX) is an rising economical technologies company leveraging blockchain protection to build custom-made payment alternatives. The Company’s programs empower an finish-to-conclude suite of turnkey money products and solutions, reducing fraud and improving upon the efficiency of managing significant-scale business processing volumes for its merchant shoppers globally. For a lot more details, remember to pay a visit to the Company’s internet site at www.greenboxpos.com.
Forward-On the lookout Statements DisclaimerThis release has forward-hunting statements in the this means of Section 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Trade Act of 1934, as amended. All forward-searching statements are inherently unsure as they are based mostly on current anticipations and assumptions about upcoming gatherings or potential overall performance of the Business. Visitors are cautioned not to spot undue reliance on these ahead-looking statements, which are only predictions and talk only as of the day hereof. In analyzing these kinds of statements, possible investors really should evaluation thoroughly different pitfalls and uncertainties recognized in this release and issues set in the Company’s SEC filings. These dangers and uncertainties could result in the Firm’s real benefits to differ materially from these indicated in the forward-wanting statements.
Supply: GreenBox POS, LLC
Watch resource model on accesswire.com: https://www.accesswire.com/624807/GreenBox-POS-Launches-Generation-3-Highly developed-Substantial-Scale-Technological know-how-Updates
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The MarketWatch News Division was not concerned in the generation of this written content.