World Chief in Blockchain and Digital Asset Options Brings Highest Stage of Belief and Transparency to GreenBox POS Token Infrastructure
SAN DIEGO, CA, June 11, 2021 (GLOBE NEWSWIRE) — GreenBox POS (NASDAQ: GBOX (“GreenBox” or the “Firm”), an rising monetary know-how firm leveraging proprietary blockchain safety to construct personalized fee options, introduced the number of Armanino because the attestation supplier for its new US Greenback collateralized stablecoin. Armanino, a prime 25 accounting and enterprise consulting agency, is likely one of the largest blockchain attestation suppliers in the USA and has a selected experience serving stablecoin issuers.
By deploying a stablecoin into GreenBox’s present providing set, GreenBox’s prospects will profit from the myriad of qualities that solely blockchain-based stablecoins can ship, together with close to on the spot transaction settlement, lowered friction of cross-border funds, and elevated transparency and auditability. GreenBox is dedicated to providing business customary attestations over the US Greenback collateral backing every GreenBox stablecoin to help ongoing belief in our merchandise and the steadiness of our stablecoin providing.
Armanino has served cryptocurrency purchasers since 2014, together with lots of the prime exchanges and token initiatives, and already offers attestation companies protecting in extra of $6 billion price of digital property. Armanino’s TrustExplorer(R) is the world’s first software of real-time attestation and makes use of blockchain know-how to supply ongoing, on-demand steady reporting. With the flexibility to supply companies in over 100 nations, working with Armanino will enable GreenBox to deploy its token know-how internationally, with attest reporting for all prospects, whereas guaranteeing compliance with the Firm’s a number of oversight necessities.
“TrustExplorer is designed to raise belief and transparency in digital property by offering customers with real-time, on-demand reporting over stablecoin reserves,” stated Noah Buxton, Managing Director of Armanino’s Digital Property observe. “In a world the place digital property like stablecoins run on blockchains, our attest instruments should hold tempo. We’re delighted to work with GreenBox as they innovate to supply their prospects new and trusted merchandise.”
“Armanino is a pure match because the attestation supplier for our token ecosystem given their current familiarity and integration with GreenBox know-how from the SOC 2 compliance audit which is able to assist expedite the onboarding course of,” stated Ben Errez, Chairman of GreenBox POS. “Their experience in attestation of digital asset ecosystems will guarantee transparency and belief for our token custodial infrastructure. We’re thrilled to be working with Armanino as we glance to deploy our token know-how previous to the tip of the second quarter.”
About GreenBox POS
GreenBox POS (NASDAQ: GBOX) is an rising monetary know-how firm leveraging proprietary blockchain safety to construct personalized fee options. The Firm’s purposes allow an end-to-end suite of turnkey monetary merchandise, decreasing fraud and enhancing the effectivity of dealing with large-scale business processing volumes for its service provider purchasers globally. For extra info, please go to the Firm’s web site at www.greenboxpos.com.
Armanino LLP (www.armaninollp.com) is likely one of the 25 largest unbiased accounting and enterprise consulting corporations within the nation. Armanino offers an built-in set of audit, tax, enterprise administration, consulting and know-how options to corporations within the U.S. and globally. The agency helps purchasers adapt and alter in each stage of enterprise, from startup via fast development to the sale of an organization. Armanino emphasizes good know-how, main a cloud revolution of monetary, operational, gross sales and compliance instruments which might be remodeling the best way corporations do enterprise. The agency extends its international companies to greater than 100 nations via its membership in Moore World, one of many world’s main accounting and consulting membership organizations. Along with its core consulting and accounting practices, Armanino operates its division, AMF Media Group (www.amfmediagroup.com), a media and communications companies company. Its affiliate, Intersect Capital (www.intersectcapitalllc.com) is an unbiased monetary planning, wealth and life-style administration agency.
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