RYVYL (NASDAQ: RVYL), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions, has unveiled its coyni Mobile Point of Sale (“mPOS”) app. The new app enables iOS and Android devices to become POS terminals for merchants needing secure, efficient transactions. According to the announcement, the coynie mPoS app can be downloaded in beta mode from the Apple and Google stores. The new app enables merchants to accept contactless payments in person while ensuring seamless and secure transactions. The app, which is highly scalable to support a large number of terminals and users, creates unique QR codes that customers can scan and then use to pay, eliminating the need for merchants to use card readers. In addition, the app can process using customized business rules such as predefined percentages, dollar-based tips and consumer-specified amounts at the terminal level while also providing data insights and functionality.
“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 RYVYL CEO and cofounder Fredi Nisan in the press release. “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.”
To view the full press release, visit https://ibn.fm/Y84XW
RYVYL 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, RYVYL is reinventing the future of financial transactions using its coyni(R) stablecoin platform as a transactional foundation. Since its founding as GreenBox POS in 2017, 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. For more information about the company, please visit www.RYVYL.com.
NOTE TO INVESTORS: The latest news and updates relating to RVYL are available in the company’s newsroom at https://ibn.fm/RVYL
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