SAN DIEGO, July 17, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- GreenBox POS, LLC (USOTC:GRBX), ("GreenBox," the "Company") today announces that its latest payment system, QuickCard, demonstrates impressive market performance metrics. Since its launch in May 2018, the blockchain-powered e-Wallet has performed without flaw.

GreenBox POS reports that over 98% of all transactions using QuickCard end with a client downloading and installing the new application on any platform. Additionally, no client has withdrawn from the system to-date, and transaction volumes more than double every week. The Company expects average daily transaction volume to surpass $1 million in Q4/2018.

"We are pleased to announce impressive market performance metrics for QuickCard and look forward to achieving a record fourth-quarter in terms of transaction volume," states Ben Errez, EVP of GreenBox. "The system passed all stress tests to-date and is on its way to becoming the new standard of payments."

About GreenBox POS, LLC:

GreenBox POS ("GRBX") is a groundbreaking technology company that builds customized payment solutions for a multitude of industries. The company has developed the fastest and safest way to send and process money using Blockchain technology. The company was awarded 5 provisional patents for its technology. GreenBox POS develops the following main products: POS (Point of Sale software and hardware solutions); DEL (delivery app, APIs to POS and PAY); PAY (payment app, providing financial APIs to all other components); KIOSK (deposit, cash and E-wallet management). All products, services and custom hardware are available now from GRBX. GRBX is based in California with offices in Seattle, WA; Las Vegas, NV; Vancouver, BC, Canada; and HQ in San Diego, CA.

For more information, visit the company's website at   

Forward-Looking Statements Disclaimer:

This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Public Relations and Media Contact:
GreenBox POS, LLC
Office: 619-930-5500

Contact Info:
2305 Historic Decatur Road Ste. 100
San Diego, CA 92106
T: 619-930-5500