GreenBox (NASDAQ: GBOX), a financial technology company that leverages proprietary blockchain security and token technology to deliver customized payment solutions, today announced the launch of its coyni platform. According to the update, the platform features one of the world’s few stablecoins backed by U.S. dollars on a one-to-one ratio with near real-time attestation. Each coyni digital token is held in a wallet on the platform and matched with one U.S. dollar held in a custodial account with a federally insured financial institution. Unlike other stablecoins, the dollars backing coyni stablecoin are not tied up in investments or converted to other cryptocurrencies. The coyni platform is currently available on Google Play and coming soon on iOS. For consumer or business account registration, visit https://portal.coyni.com/choose-account.
“In the U.S., coyni is literally a digital representation of a U.S. dollar, but with what we believe is the ability to transact with greater flexibility and security than cash itself,” said Fredi Nisan, CEO of GreenBox POS. “As a result, if you receive a $10 payment via the coyni platform, you can have absolute confidence that payment will not vary in value like with other cryptocurrency or even stablecoins using alternative backing methodologies. This allows coyni users to enjoy the speed and security of blockchain transactions with the stability of U.S. currency — something we don’t believe any other company offers.”
To view the full press release, visit https://ibn.fm/haJBF
About GreenBox POS
GreenBox is an emerging financial technology company leveraging proprietary blockchain security 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 globally. For more information, please visit the company’s website at www.GreenBoxPOS.com.
NOTE TO INVESTORS: The latest news and updates relating to GBOX are available in the company’s newsroom at https://ibn.fm/GBOX
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