RYVYL Launches coyni Mobile Point-of-Sale App for Android and iOS
09 Agosto 2023 - 1:15PM
RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a company
that leverages the security of the blockchain and USD-pegged
stablecoin technology with near-real-time attestation capabilities
to conduct payment transactions, today announced the launch of the
coyni Mobile Point of Sale (mPOS) app, transforming iOS and Android
devices into a payment terminal for secure, efficient transactions.
The coyni mPoS app is now available in Beta mode for download in
the Apple & Google store.
The coyni mPOS app provides merchants with a
secure and convenient way to quickly add mPOS devices and users
through a straightforward registration process to begin accepting
payments. With the coyni mPOS app, businesses can easily turn a
compatible Android or iOS smartphone into an mPOS terminal,
allowing merchants to accept contactless payments in person and
ensuring seamless and secure transactions. The coyni mPOS creates
unique QR codes for contactless payments that customers can scan
and pay, eliminating the need for merchants to purchase and manage
card readers. The coyni mPOS solution is highly scalable to support
a large number of terminals and users to be created and is capable
of processing customized business rules including pre-defined
percentages or dollar-based tips or consumer-specified amounts at
the terminal level. Furthermore, the app delivers rich data
insights and functionality including a detailed daily batch list of
transactions, itemized sales and transaction history for the batch
cycle, and refund capability directly from the batch list.
“We are thrilled to announce the launch of coyni
mPOS, which is a testament to the future success of the coyni
platform and our dedication to its continued growth. This aligns
with our overall strategy of creating value and brings us one step
closer to our vision of spinning off coyni," said Fredi Nisan,
RYVYL’s Chief Executive Officer and co-founder. “By integrating
mPOS capabilities with the coyni platform, businesses and merchants
can benefit from a comprehensive and user-friendly payment system
coupled with the rounded foundation of the next beta release of the
coyni business platform. Transactions can be executed with
confidence using reliable and secure blockchain technology with
each coyni digital token held in a wallet on the platform matched
with one U.S. dollar held in a custodial account with a federally
insured financial institution. The coyni platform can be utilized
by both consumers and businesses for a wide range of payment
purposes.”
The coyni platform is currently available on
Google Play and iOS. For consumer or business account registration,
please visit www.coyni.com.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) was born from a
passion for empowering a new way to conduct business-to-business,
consumer-to-business, and peer-to-peer payment transactions around
the globe. By leveraging unique blockchain security and USD-pegged
stablecoin technology with near real-time attestation capabilities,
RYVYL is reinventing the future of financial transactions using its
coyni® stablecoin platform as a transactional foundation. Since its
founding as GreenBox POS in 2017 in San Diego, RYVYL has developed
applications enabling an end-to-end suite of turnkey financial
products with enhanced security and data privacy, world-class
identity theft protection, and rapid speed to settlement. As a
result, the platform can log immense volumes of immutable
transactional records at the speed of the internet for first-tier
partners, merchants, and consumers around the globe.
www.ryvyl.com
Cautionary Note Regarding Forward-Looking
Statements.
This press release includes information that
constitutes 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. These
forward-looking statements are based on the Company's current
beliefs, assumptions and expectations regarding future events,
which in turn are based on information currently available to the
Company. Such forward-looking statements include statements
regarding the timing of the filing of the aforementioned periodic
reports. By their nature, forward-looking statements address
matters that are subject to risks and uncertainties. A variety of
factors could cause actual events and results to differ materially
from those expressed in or contemplated by the forward-looking
statements, including the risk that the completion and filing of
the aforementioned periodic reports will take longer than expected
and that additional information may become known prior to the
expected filing of the aforementioned periodic reports with the
SEC. Other risk factors affecting the Company are discussed in
detail in the Company's filings with the SEC. The Company
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except to the extent required by
applicable laws.
Investor Relations Contact:Mark SchwalenbergMZ
Group - MZ North
America312-261-6430RVYL@mzgroup.uswww.mzgroup.us
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