Replies to post #5891 on GreenBox POS (GBOX)

[Boredoftv]

9:15a ET 2/10/2021 - PR Newswire
Consumers Acceptance of Digital Currency Explodes as Cryptocurrency Continues to Rise
Mentioned: GRBX MOGO OLB RIOT
With advanced technological developments, virtual currency exchange methods have been invented and evolved rapidly in past few years, and have emerged and commonly known now, all around the world as 'cryptocurrencies". Prior to then, virtual currencies were initially limited for demonstrable transactions in social and gaming economies. The cryptocurrencies were aimed to eliminate financial intermediaries by direct peer-to-peer transactions. Most of the developing countries like the U.S., Germany, China, and the U.K. have started adopting cryptocurrencies as an exchanging medium. The terms used for the digital currency varies from country to country, such as payment token (Switzerland), digital currency (Thailand, Australia, and, Argentina), crypto-token (Germany), virtual commodity (Taiwan, China, and Canada), virtual asset (Honduras and Mexico), cyber currency (Italy and Lebanon), and electronic currency (Colombia and Lebanon). Recent reports project that this market is primed to continue its revenue growth for several years to come. A report from Fortune Business Insights said that the global cryptocurrency market size stood at USD 754.0 million in 2019 and is projected to reach USD 1,758.0 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. Active Companies in the merchant industry include The OLB Group, Inc. (NASDAQ: OLB), GreenBox POS (OTCQB: GRBX), Mogo, Inc. (NASDAQ: MOGO) (TSX: MOGO), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Patent Group, Inc. (NASDAQ: MARA).

The Fortune Business Insights report continued: "The increasing popularity of digital assets like Bitcoin and Litecoin is likely to drive the market growth in the forthcoming years. Moreover, digital currency is also often utilized with the integration of blockchain technology to attain decentralization and controlled efficient transactions. The block-chain technology offers decentralized, fast, transparent, secure, and reliable transactions. With these advantages of blockchain and cryptocurrency, companies are investing and collaborating with other companies to deliver efficient and quality services to the users."
Other recent developments in the eCommerce/Merchant industry include:

GreenBox POS (OTCQB: GRBX), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions, recently announced it will be adding Secure Token Technology as part of its stabilized Gen3 software offering, with preference to early adopters and existing users of the Company's current ecosystem.

Recent national developments are bringing blockchain to mainstream transactional environments, such as the letter of the OCC], Banking for All Act, and the appointment of Mr. Gary Gensler as Head of SEC. Most notably from the letter handed down from the OCC they state: "This letter addresses the authority of a national bank to hold deposits that serve as reserves for certain "stablecoins." Generally, a stablecoin is a type of cryptocurrency designed to have a stable value as compared with other types of cryptocurrency, which frequently experience significant volatility. One type of stablecoin is backed by an asset such as a fiat currency. Reports suggest stablecoins have various applications, including the potential to enhance payments on a broad scale, and are increasingly in demand."