GreenBox POS, LLC (GRBX) Unleashes the Power of Blockchain Payment and E-Wallet Technology
July 9, 2018
- Global point-of-sale terminals market expected to reach $116 billion by 2025 with a CAGR of 9.9 percent
- Mobile point-of-sale systems projected to register a higher growth rate, with specialized software helping to reduce operational cost to retailers
- Mobile payment app QuickCard provides instant, secure, cash-free e-wallet payments, while the QuickCard KIOSK accepts cash, debit/credit card or ACH directly to most banks.
- QuickCard is built upon blockchain technology, providing security, privacy and reliability
Hardware and software technology company GreenBox POS, LLC (OTCQB: GRBX) is embracing the future of a near cashless society with its flagship product, QuickCard, the company’s latest blockchain payment and e-wallet technology development. QuickCard, which has passed all deployment criteria and is now available for iOS and Android, is also available via a cash-loading KIOSK installed in participating retailer or merchant establishments, the company stated in a news release (http://nnw.fm/7k0CH).
QuickCard’s robust, world class technology will gradually replace existing installations of GreenBox payment technology and be the only available payment infrastructure for new clients moving forward. QuickCard’s blockchain technology ensures critical elements such as security, privacy, reliability and extendibility are part of the package. It is also the first system to offer instant settlement capabilities and an end-to-end, natively-integrated product suite, per the news release.
The global point-of-sale terminals market is expected to reach $116 billion by 2025 at a CAGR of 9.9 percent during the forecast period, according to a new report by Grand View Research, Inc. (http://nnw.fm/iJq41). An increasing appetite for affordable wireless technologies and surging demand for mobile point-of-sale terminals is expected to drive the overall market, with wireless connectivity, portability and multiple platform support as keys to market growth.
GreenBox’s existing and new clients are lining up to be among the first to adopt the new technology, and full-scale installations are now ongoing. The company already sees a dramatic improvement to earning quality and predictability, and management expects this trend to persist. As a result, GBRX’s updated gross revenue projections for the next 18 months have more than doubled.
GreenBox develops all software in-house and with international subsidiaries, which allows the company to provide individualized electronics modifications in partnership with different vendors. The company has been awarded five provisional patents for its blockchain-based technology, which delivers a fully integrated, intuitive, easy-to-use, point-of-sale system for a variety of businesses across a multitude of different market sectors.
For more information, visit the company’s website at www.GreenBoxPOS.com
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