- Ben Errez, EVP of GRBX, sees QuickCard generating a record fourth quarter in terms of transaction volume, predicts that it will become the new standard of payments
- QuickCard is a blockchain powered eWallet that can be downloaded and installed on any platform; GRBX has received five provisional patents for its groundbreaking technology
- MTrac App payment platform, powered by GRBX technology, is available for download in the Apple and Android marketplaces; it enables consumers to load funds into an eWallet
GreenBox POS, LLC (OTCQB: GRBX) is off to a quick start since the May launch of QuickCard, its fully integrated mobile payment app that processes cash into blockchain-driven eWallets. GRBX projects that average daily transaction volume will reach $1 million by 4Q2018 and believes that its technology is on its way to becoming the new payments standard (http://nnw.fm/2Deci).
In a news release, Ben Errez, EVP of GRBX, said, “We are pleased to announce impressive market performance metrics for QuickCard and look forward to achieving a record fourth quarter in terms of transaction volume. The system passed all stress tests to date and is on its way to becoming the new standard of payments.”
A key revenue stream for GRBX is licensing. Global Payout, Inc. (OTC: GOHE), through subsidiary MTrac Tech Corp., has launched the payment platform MTrac App. It utilizes an in-store kiosk licensed from GRBX that enables consumers to load funds into an eWallet. The funds can be in the form of cash, credit card or debit card. Future versions of the app will permit users to load funds directly from a bank account (http://nnw.fm/7tomQ).
For merchants, this app, with kiosk licensed from GRBX, tracks all sales in real time through a blockchain ledger, meaning that entries cannot be modified once recorded. MTrac also creates a secure cashless ecosystem, a safety feature that’s important for retailers operating in alternative market sectors.
GRBX is based in California with multiple offices in both the U.S. and Canada. It has been awarded five provisional patents for its proprietary blockchain technology. A hardware and software technology company, it offers an end-to-end suite of financial products. The QuickCard kiosk manages all cash issues, such as deposits to blockchain. LOOPZ is a delivery software solution that offers service dispatcher back-end technology with manual and automatic modes. Point-of-sale solutions consist of in-house developed proprietary software with features such as compliance, data fidelity and cloud security.
For more information, visit the company’s website at www.GreenBoxPOS.com
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
No comments:
Post a Comment