Commentary on GreenBox's Q2'22 Earnings

InstitutionalSeptember 13, 2022, 2:46PM EDT
UPDATED: April 25, 2023, 4:26PM EDT
Commentary on GreenBox's Q2'22 Earnings
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GreenBox is a blockchain payments and fintech services provider. GreenBox's segments include: payment processing services, licensing fees and equipment sales. 

GreenBox's proprietary blockchain-based technology is the settlement engine for all transactions within the ecosystem. 
"When a merchant makes a sale, the process of receiving the payment card information, engaging the banks for transferring the proceeds to the merchant’s account via digital gateways, and recording the transaction on a blockchain ledger are the activities for which we get to collect fees."

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