GreenBox POS Appoints Paul Levine as Chief Executive Officer & Co-Founder of Coyni Stablecoin Spinoff

Rhea-AI Summary

GreenBox POS (NASDAQ: GBOX) has appointed Paul Levine as the Chief Executive Officer & Co-Founder of its Coyni Stablecoin spinoff. With over 30 years of experience in payments, Levine has a strong background in digital payment solutions, previously serving as President of Planet Payment, where he oversaw a billion-dollar processing volume. His leadership is expected to drive Coyni’s adoption and growth. Levine emphasizes the transformative nature of digital assets in enhancing payment efficiency, safety, and speed.

GreenBox aims to leverage blockchain technology to innovate payment solutions.

Positive

• Appointment of Paul Levine as CEO, bringing 30 years of experience in payments.
• Previous leadership at Planet Payment, with a record of managing $1 billion in processing volume.
• Expectation of strong growth momentum and adoption for Coyni under Levine's leadership.

Negative

• None.

SAN DIEGO, CA , Nov. 04, 2021 (GLOBE NEWSWIRE) -- GreenBox POS (NASDAQ: GBOX) ("GreenBox" or the "Company"), an emerging financial technology company leveraging proprietary blockchain security and token technology to build customized payment solutions, announced the appointment of Paul Levine to the position of Chief Executive Officer & Co-Founder for its Coyni Stablecoin spinoff company.

Paul Levine is a successful entrepreneur and technology innovator with 30 years’ experience in payments with both Fortune 100 and startup companies. He has led or worked with payments teams pioneering digital signature capture, electronic PC capture, wireless card acceptance, on-board cruise line acceptance, and revolutionizing China’s largest card schemes online cross-border acceptance. Since 2010 Paul has served as President of Planet Payment (https://www.planetpayment.com), an integrated digital payments provider, where he led the development and management of its direct acquiring cross-border eCommerce portfolio resulting in over $1 billion in processing volume. Previously he was President of Superior Bankcard Service, an Intuit Company, expanding the company’s products into SMB’s leveraging Intuit’s brand and Turbo Tax offering.

“Paul embraces opportunities to disrupt legacy solutions and is a veteran technology entrepreneur, making him an ideal fit for the position of CEO,” said Ben Errez, Chairman of the Board of GreenBox POS.

“We welcome him to the position and are privileged to have someone of his caliber and skill set serve as CEO of our Coyni spinoff company. Much of his work has involved guiding high growth digital payments companies, which will be instrumental for the rapid acceleration of Coyni adoption. Over the course of his impressive career, he has acquired tremendous expertise and demonstrated outstanding ability as a strategic leader. As we chart an ambitious course for the future of Coyni, we look forward to his contribution and insight.”

Mr. Levine added, “Digital assets are exponentially transforming the way we send, spend and store value. Coyni’s unique properties remove cost and friction in the payment system and at the same time increase speed and safety to all participants. I look forward to parlaying my past experience as the Company launches its smart-contract token technology and as CEO of Coyni drive strong growth momentum, adoption and inclusion.”

About GreenBox POS

GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security and token technology 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 Contact
Mark Schwalenberg
MZ Group - MZ North America
312-261-6430
GBOX@mzgroup.us
www.mzgroup.us

FAQ

Who is the new CEO of GreenBox POS?

Paul Levine has been appointed as the new CEO and Co-Founder of GreenBox POS's Coyni Stablecoin spinoff.

What experience does Paul Levine bring to GreenBox POS?

Paul Levine brings over 30 years of experience in payments, having previously served as President of Planet Payment.

How might Paul Levine's leadership affect Coyni adoption?

His experience in digital payments is expected to drive strong growth momentum and adoption for Coyni.

What is the main focus of GreenBox POS?

GreenBox POS focuses on leveraging blockchain technology to develop customized payment solutions.