GreenBox Payment Solutions to Facilitate Instant Payout for Tryp's 100,000+ Drivers
SAN DIEGO, CA / ACCESSWIRE / January 14, 2021 / GreenBox POS (OTCQB:GRBX) ('GreenBox', the 'Company'), an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions announced it will provide payment processing and payout software for Tryp Technologies Inc, an innovative Software as a Service (SaaS) provider with a growing rideshare and restaurant delivery platform, called TripDelivers.
Tryp has a unique and disruptive business model in the rideshare space paying out 100% of commission to its drivers. The company has quickly grown in the U.S. with over 100,000 drivers on the platform and is currently expanding into Canada. TripDelivers offers restaurants control of their own menus and pricing, a distinct advantage versus other delivery apps which mark up prices. Like Tryp rideshare, TripDelivers pays its drivers 100% of the fare and tips.
In leveraging GreenBox blockchain ledger-based payment solutions, Tryp will be able to provide its drivers with access to funds in real-time. Commissions are instantly paid out upon each ride or delivery for parties involved in the transactions. Additionally, Tryp will be able to easily track funds and have transparent accounting around all their activities.
'Tryp has a unique and disruptive business model in the rideshare and restaurant delivery space. Their choosing GreenBox for payment solutions further strengthens their position by providing instant and secure payout of commissions in support of their 100% driver payout model,' said Fredi Nisan, Chief Executive Officer of GreenBox POS. 'We are excited to be working with Tryp and look forward to helping them scale their business.'
'GreenBox has impressive, one of a kind technology that provides Tryp with an important edge as we look to expand our presence in the rideshare and restaurant delivery market.' said Robert McNulty Chief Executive Officer of Tryp Technologies.
About GreenBox POS
GreenBox POS (OTCQB: GRBX) is an emerging financial technology company leveraging proprietary blockchain security to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, reducing fraud and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients globally. For more information, please visit the Company's website at www.greenboxpos.com.
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 out 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.
SOURCE: GreenBox POS, LLC
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