GreenBox POS, LLC (OTCQB: GRBX) is off to a quick start since the May launch of QuickCard, its fully integrated mobile payment app that processes cash into blockchain-driven eWallets. GRBX projects that average daily transaction volume will reach $1 million by 4Q2018 and believes that its technology is on its way to becoming the new payments standard (http://ccw.fm/kNY6Q).
In a news release, Ben Errez, EVP of GRBX, said, “We are pleased to announce impressive market performance metrics for QuickCard and look forward to achieving a record fourth quarter in terms of transaction volume. The system passed all stress tests to date and is on its way to becoming the new standard of payments.”
A key revenue stream for GRBX is licensing. Global Payout, Inc. (OTC: GOHE), through subsidiary MTrac Tech Corp., has launched the payment platform MTrac App. It utilizes an in-store kiosk licensed from GRBX that enables consumers to load funds into an eWallet. The funds can be in the form of cash, credit card or debit card. Future versions of the app will permit users to load funds directly from a bank account (http://ccw.fm/TvfB3).
For merchants, this app, with kiosk licensed from GRBX, tracks all sales in real time through a blockchain ledger, meaning that entries cannot be modified once recorded. MTrac also creates a secure cashless ecosystem, a safety feature that’s important for retailers operating in alternative market sectors.
GRBX is based in California with multiple offices in both the U.S. and Canada. It has been awarded five provisional patents for its proprietary blockchain technology. A hardware and software technology company, it offers an end-to-end suite of financial products. The QuickCard kiosk manages all cash issues, such as deposits to blockchain. LOOPZ is a delivery software solution that offers service dispatcher back-end technology with manual and automatic modes. Point-of-sale solutions consist of in-house developed proprietary software with features such as compliance, data fidelity and cloud security.
For more information, visit the company’s website at www.GreenBoxPOS.com
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