Greenbox POS Talking Blockchain and Stablecoin Coyni

by | Dec 16, 2021

Taking a minor break from SPACs on our latest podcast we spoke to Greenbox POS (GBOX), a fintech that utilizes block chain technology to create custom payment solutions co-founded by Ben Errez. The company up-listed to Nasdaq earlier this year, and its newly created stablecoin, Coyni, will be a separately publicly traded entity led by Paul Levine.

Key Highlights:

  • Blockchain technology key for payments, continuing digitization of all payments
  • Its Gen3 has led to fully custodial + transactional stablecoin, backed by USD
    • Stablecoin, Coyni,  spun-off to maximize shareholder value in trading on a standalone valuation
    • Will begin with a P2P payments app
  • GBOX stock price has lagged, company is actively buying back shares
  • Recently raised $100M in financing
  • Volatility in crypto assets does not negatively affect Greenbox’s business
  • Team believes increased, albeit the correct types, of regulation as a boon

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