Tuesday, September 25, 2018

GreenBox POS, LLC (GRBX) Centers on Blockchain-Secured Ledger Technology

  • GreenBox has developed the fastest and safest way to send and process money through blockchain technology
  • The company’s flagship products, services and custom hardware include QuickCard, point-of-sale solutions and LOOPZ
  • GreenBox has now acquired Sky Mids Technologies
Hardware/software technology company GreenBox POS, LLC (OTC: GRBX) offers individual disruptive applications integrated into an end-to-end set of financial products. Based in San Diego, California, the company builds customized payment solutions for a variety of industries, with a focus on blockchain-secured ledger technology. Its blockchain orientation ensures that vital elements, including security, privacy, reliability and extendibility, are always part of the package.
Fundamentally, the company has developed the quickest and safest way to send and process money utilizing blockchain technology. The design of GreenBox’s technology aims to lessen transaction costs, decrease fraud and strengthen regulatory compliance. All data and information are securely hosted on a blockchain platform. The company has a suite of flagship products, services and custom hardware. These include QuickCard, point-of-sale solutions, and LOOPZ delivery infrastructure.
QuickCard offers a blockchain technology powered E-Wallet. The QuickCard Kiosk performs direct and immediate deposits from cash to blockchain. It confirms bank account availability immediately, and it accepts cash, debit/credit card or ACH directly to most banks.
The company’s TrustGateway blockchain technology is integrated with QuickCard, with an emphasis on fraud protection. Being integrated systems, TrustGateway and QuickCard provide the security of an owned blockchain gateway. The design of TrustGateway technology aims to facilitate the largest platform in existence.
Regarding point-of-sale solutions, GreenBox’s POS software features compliance, financial audit preparation, expense tracking, tax payments, register-specific features and data fidelity controls. All records are stored on blockchain with no data backup or recovery needed. Point-of-sale solutions are completely integrated with delivery and payment systems.
LOOPZ is the company’s delivery software solution. It provides service dispatcher back-end technology with manual and automatic modes. LOOPZ features direct reporting to point-of-sale inventory and enables instant settlements. LOOPZ also features two mobile applications (driver and consumer) that run on Android and iOS.
GreenBox recently acquired Sky Mids Technologies and its book of transactional business capable of processing more than $1 billion annually (http://nnw.fm/y2ZPl). It has already started taking Sky Mids’ book of business onto its infrastructure. GreenBox will integrate into its operations the staff (mainly engineers) and technology developed by Sky. Sky’s transactional platform specializes in strong and secure payments processing. For some time, Sky has been using GreenBox’s QuickCard payments system as its primary payments infrastructure.
In a news release, Ben Errez, executive vice president of GreenBox, said, “This is a great opportunity for both GreenBox and Sky. We have been working with Sky for a while now and are thoroughly impressed with their technology and capabilities. Their engineers are top notch and I am confident the synergy will continue to add to the plethora of new technologies we have brought, and will continue to bring, to market.”
GreenBox, with its end-to-end POS technology, is delivering advanced solutions to a society that is going increasingly cashless (http://nnw.fm/G3doF). With its customized payment solutions for diverse market sectors, it is leading the way concerning blockchain-secured ledger technology. It is building shareholder value by owning all parts of the blockchain payment system and operating over its own blockchain space.
For more information, visit the company’s website at www.GreenBoxPOS.com
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