GBOX - GBOX STOCK NEWS

GreenBox POS (NASDAQ: GBOX) announced its participation in the 34th Annual Roth Conference from March 13-15, 2022, at the Ritz Carlton, Laguna Niguel, California. This prestigious event will feature management meetings, thematic panels, and presentations from around 400 companies across various sectors, including Blockchain and Technology. GreenBox’s Chairman, Ben Errez, and CFO, Ben Chung, will lead discussions, including a Blockchain Panel on March 14 and a company presentation on March 15. Registration is mandatory for attendance.

GreenBox POS (NASDAQ: GBOX) announced a strategic licensing partnership with Cross River to launch a banking-as-a-service initiative. This collaboration aims to combine GreenBox's existing technology with Cross River's infrastructure, enhancing customer access to a comprehensive financial solution. The partnership is expected to create new revenue channels by providing existing clients with banking services and attracting new customers. CEO Fredi Nisan emphasized this move will significantly expand their capabilities and market presence in the financial technology sector.

GreenBox POS (NASDAQ: GBOX) announced the appointment of Mr. Min Wei as Chief Operating Officer, succeeding Vanessa Luna, who will lead a new global sales organization. Mr. Wei brings over 20 years of experience in international tech companies, including roles at Cubic Corporation, where he improved service performance for major transit systems. He aims to drive operational efficiency and sustainable growth at GreenBox, aligning with the company's vision of enhancing payment solutions through blockchain technology.

GreenBox POS (NASDAQ: GBOX) has launched an audio broadcast titled, “The Payment Revolution: Blockchain Changing the Game.” The fintech company utilizes proprietary blockchain technology to enhance payment processing solutions via smart contracts and digital encryption. GreenBox enables seamless transaction recording and fraud detection, improving efficiency for merchants handling high transaction volumes. The company aims to leverage the power of blockchain to reform conventional financial systems.

GreenBox POS (NASDAQ: GBOX) has been featured in an editorial by NetworkNewsWire titled, “The Payment Revolution: Blockchain Changing the Game.” This editorial discusses how blockchain technology is transforming the finance industry by enhancing the efficiency and accessibility of global financial systems. GreenBox specializes in customized blockchain payment solutions, which allows it to offer robust financial services to its clients. For more details, the full publication can be accessed via NetworkNewsWire.

GreenBox POS (NASDAQ: GBOX), a growing fintech company, will present at the Winter Wonderland Virtual Conference from February 8-11, 2022. Chairman Ben Errez is set to engage in one-on-one meetings and deliver a virtual presentation on the expansion of its blockchain-based payment processing and upcoming stablecoin spin-off. The presentation is scheduled for February 8 at 4:00 p.m. Eastern time. A webcast of the event can be accessed via registration.

GreenBox POS (NASDAQ: GBOX) has announced a 90-day extension on its $100 million convertible note financing to alleviate immediate conversion pressures. This extension allows the company to pursue growth strategies that could enhance its stock value. The note's principal has been reduced to $94 million, following a payment of $6.9 million. Additionally, the conversion price was adjusted from $15 to $12, indicating a higher enterprise value of $540 million compared to its current market cap. GreenBox aims to improve shareholder value through upcoming initiatives.

GreenBox POS (NASDAQ: GBOX) reported preliminary unaudited results for 2021, showcasing remarkable growth. The company achieved a processing volume of $1.95 billion, a surge of over 800% from $202 million in 2020. Correspondingly, revenues soared to at least $26.0 million, marking a rise of over 200% compared to $8.5 million the previous year. This growth stems from advanced blockchain payment solutions and an expanding partnership network. CEO Fredi Nisan emphasized the company's focus on future growth and establishing a significant presence in the digital financial solutions market.

GreenBox POS (NASDAQ: GBOX) has launched a new payment vertical focusing on bulk Automated Clearing House (ACH) processing. This initiative aims to benefit merchants by leveraging blockchain and smart contract technologies for electronic fund transfers. With over $50 million in monthly ACH processing already committed by clients, the program allows GreenBox to cater to higher-risk categories, potentially increasing profit margins. CEO Fredi Nissan emphasized that this move is part of a strategic plan to provide enhanced value to shareholders. The ACH network processed 26.8 billion payments in 2020, worth over $61.9 trillion.