Collaboration Yields Early Results with More Than $25 million in Curbside Payments Processed
SAN DIEGO, CA / ACCESSWIRE / January 20, 2021 / GreenBox POS (OTCQB:GRBX) ('GreenBox', the 'Company'), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions announced a partnership with Cultivate Technologies, a mobile payment specialty company, to provide GreenBox customers with a curbside checkout solution.
Cultivate and GreenBox recently completed a deep integration that has had early success with over $25 million in curbside payments processed. The integration includes both Android and iOS applications of Cultivate mobile software. Payments can be made using mobile devices on the GreenBox blockchain based platform. The new combined software works with either a hotspot or cellular service. In hard to reach or weak cellular signal areas, payment processing can even occur over 3G or 2G speeds to ensure transaction completion.
'Being able to process anywhere at any time is critical in today's environment. Cultivate's POS technology pairs perfectly with GreenBox's blockchain secure platform to provide an attractive curbside checkout solution for businesses,' said Brian Brammeier Chief Technology Officer of Cultivate POS. 'We are thrilled with the early success of the partnership with GreenBox which will allow Cultivate to expand its presence in mobile payment solutions.'
'During COVID the demand for curbside transaction processing is the highest it has ever been,' said Fredi Nisan Chief Executive Officer of GreenBox POS. 'Cultivate mobile solutions integrated with GreenBox advanced blockchain technology provides businesses with a complete secure curbside option. This is a testament to our Generation 3 technology which allows GreenBox to enter new verticals and align with new partners as we continue to expand our footprint in the financial payments market.'
About GreenBox POS
GreenBox POS (OTCQB:GRBX) 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, reducing fraud 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.
Forward-Looking Statements Disclaimer
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set out in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
SOURCE: GreenBox POS, LLC
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