Here is something that's very important to note. Market turmoil during the second quarter severely exposed certain stablecoin model, that while to currencies like the US dollar use a variety of algorithmic methodologies and non-liquid or risky investment strategies. Despite the challenging environment, we remain hyper focused on execution of our business plan for the balance of the year in order to continue growing processing volume and share of the global marketplace as we look to further scale in 2023. We additionally integrated material business capabilities from recent M&A, such as Transact Europe to launch service offerings in several business domains, including ACH, foreign exchange and international payment. We also accomplished a number of critical operational objectives, as well as strategic partner and customer enhancements.ĭuring the second quarter, we strengthened our core business infrastructure within the sales, marketing and operational functions, introducing our products in select territories, such as American Samoa, and made excellent progress on development of Coyni, our stablecoin platform. As many others believe, we too consider processing volume as the best proxy to predict our growth trajectory in the global digital financial transactions industry, in addition to amazing processing volume results. We achieved yet another company record quarter processing volume of over $1 billion, more than double the volume versus the same quarter a year ago. We are delighted to announce that our second quarter of 2022 at GreenBox was marked by excellent financial results, along with steady progress on several key initiatives that further establish our standing as an emerging force on the fintech landscape. Hello, and thank you all for joining us today for our second quarter 2022 financial results conference call. The replay of this call and webcast will be available for the next 90 days on the company’s Web site under the Events section.Īt this time, I would like to turn the conference over to Mr. Please refer to the company’s regulatory filings for the list of associated risks. I’d like to remind everyone that statements made on today’s call and webcast, including those regarding future financial results and industry prospects, are forward-looking and maybe subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. On our call today are GreenBox POS Chairman, Ben Errez Chief Financial Officer, Ben Chung and Chief Operating Officer, Min Wei. The quarterly report, which includes the company’s results of operations for the three months ended Jwas filed with the SEC today. The earnings press release accompanying this conference call was issued at the close of the market today. Following management’s remarks, the conference will be open to questions. During today’s presentation, all parties will be in a listen-only mode. And welcome to the GreenBox POS Second Quarter 2022 Earnings Conference Call. GreenBox POS ( NASDAQ: GBOX) Q2 2022 Earnings Conference Call Aug4:30 PM ET
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