Welcome to our dedicated page for Ryvyl news (Ticker: RVYL), a resource for investors and traders seeking the latest updates and insights on Ryvyl stock.
Ryvyl Inc. (symbol: RVYL) is a cutting-edge technology company specializing in blockchain-based payment solutions. Headquartered in San Diego, with additional offices in Seattle, Las Vegas, and Vancouver, Ryvyl designs and develops disruptive applications integrated into a comprehensive suite of financial products tailored for various industries.
The company’s core offering is the GreenBox POS, a fully-integrated, secure, blockchain-based Point of Sale system. This technology encompasses compliance, financial audit preparation, expense tracking, tax payments, register-specific features, and data fidelity controls. By leveraging blockchain technology, Ryvyl ensures a secure, immutable ledger for recording and storing tokenized assets, representing cash or data.
Ryvyl's software development is primarily in-house, augmented by international subsidiaries. The company collaborates with various vendors to develop customized electronics for point of sale machines and blockchain-based ATMs, significantly upgrading existing solutions.
One of Ryvyl's flagship products, QuickCard, provides a blockchain-powered e-wallet, demonstrating the company’s commitment to utilizing blockchain for real-world financial solutions. Ryvyl has been awarded five provisional patents, reflecting its innovative edge in the tech industry.
Ryvyl operates two main segments: North America and International, with the majority of its revenue generated from the North American market. The company continues to focus on monetizing its proprietary blockchain-based systems to support a wide array of industries.
Recent achievements include various operational highlights and upcoming events, such as the Q4 and Full Year 2023 Conference Call and Webcast on March 26, 2024, and the Q1 2024 Conference Call and Webcast on May 14, 2024. These events are crucial for stakeholders to stay updated on Ryvyl's financial performance and strategic initiatives.
For more information, visit www.ryvyl.com. Investor relations inquiries can be directed to Mark Schwalenberg at MZ Group, reachable at 312-261-6430 or via email at RVYL@mzgroup.us.
RYVYL Inc. (NASDAQ: RVYL) has announced a strategic partnership with Intercash to facilitate card issuance for customers in the European Economic Area (EEA). This collaboration allows businesses to provide co-branded debit and prepaid cards through RYVYL's new Banking-as-a-Service (BaaS) platform. Intercash, a leader in customizable payment solutions, has migrated over 50,000 cards to RYVYL's program, with plans for further migration. The partnership enhances RYVYL's banking infrastructure, enabling near-real-time payments across currencies with lower fees and improved security. The company anticipates processing over $100 million in monthly transaction volume once fully operational. This agreement showcases RYVYL's success in signing international financial institutions as clients.
RYVYL Inc. (NASDAQ: RVYL) announced its participation in the Sequire Investor Summit from April 24-26, 2023, at La Concha Resort, San Juan, Puerto Rico. This summit offers extensive training sessions and keynote panels focusing on the latest trends in the financial industry. RYVYL's Chairman, Ben Errez, will present on April 25 at 3:30 PM AST and will be available for one-on-one meetings with attendees. The company utilizes blockchain technology and USD-pegged stablecoins for secure payment transactions, enhancing data privacy and speed. Since its inception in 2017, RYVYL has developed a comprehensive suite of financial products aimed at revolutionizing transaction processes worldwide.
RYVYL Inc. (NASDAQ: RVYL) reported record full-year revenues of $32.9 million, a 33% increase from 2021, with annual processing volume reaching $3.6 billion, up 83% year-over-year. The fourth quarter saw revenues of $11.1 million, a 56% growth compared to Q4 2021. The company's international payments and FX business generated over $1 billion in volume. Despite this growth, RYVYL recorded a net loss of $49.2 million for the year, primarily due to increased operating expenses, including a $14 million impairment charge. RYVYL is optimistic about 2023, forecasting a transaction volume of $6 billion and anticipated revenues of $60 million, alongside a positive adjusted EBITDA of $4 million.
RYVYL Inc. (NASDAQ: RVYL) will announce its financial results for Q4 and full year 2022 on April 17, 2023. A conference call to discuss these results and the company's plans for 2023 will be held at 4:30 p.m. Eastern Time on the same day. Investors are encouraged to submit questions in advance. RYVYL leverages blockchain security and stablecoin technology for payment transactions. The company aims to enhance data privacy and speed in financial transactions through its coyni® stablecoin platform, developed since its inception in 2017 as GreenBox POS. RYVYL has created a suite of financial products designed for various transaction needs, providing significant security and efficiency. The results of this call and the financial disclosures are pivotal for investors evaluating RYVYL's market trajectory.
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