GreenBox POS (GBOX)

[ceobillionaireboys]

SAN DIEGO, CA – April 22, 2021 – GreenBox POS (NASDAQ: GBOX ("GreenBox", the "Company")), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions, announced it has partnered with Elliptic, a leading provider of cryptoasset risk management and blockchain analytics solutions, to implement anti-money laundering (AML) monitoring systems for cryptoassets.

Elliptic’s products Navigator and Lens help financial institutions and businesses detect and prevent financial crime in the cryptocurrency world. Their monitoring systems will allow GreenBox to quickly scale up their AML and sanctions compliance. Elliptic’s crypto transaction monitoring capability detects high-risk crypto transactions and identifies high-risk customers based on activity, source of funds and destination tracing, and an audit trail of accurate crypto transaction records.

"Ensuring safe, instant settlement across the currency spectrum is of the utmost importance to GreenBox POS,” said Fredi Nisan, Chief Executive Officer of GreenBox POS. “By integrating with Elliptic’s crypto monitoring and compliance solutions, we add yet another layer of protection and accountability to our blockchain based ecosystem.”
“In choosing Elliptic, GreenBox POS has demonstrated their commitment to compliance,” said Simone Maini, CEO of Elliptic. “With Elliptic’s blockchain analytics tools, GreenBox POS can mitigate financial crime challenges in crypto and continue to grow with confidence.”