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GreenBox POS Inc. (GBOX) stock plunge during pre-market trading. Here’s the latest update

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GreenBox POS Inc. (NASDAQ: (GBOX) stock gained by 9.21% at last close, whereas the GBOX stock price declines by 5.01% in the pre-market trading session. GreenBox POS is a new financial technology firm that creates bespoke payment solutions using unique blockchain security.

GBOX stock’ Recent Development

GreenBox POS has appointed Robert Houghton, a seasoned IT leader, to the role of Chief Technology Officer. Robert is a technology executive with more than 25 years of experience leading the design, execution, and management of mission-critical information technology procedures and techniques for multinational corporations. Robert was the Chief Technology Officer of MovoCash, Inc., a financial technology firm, where he oversaw the development of on-demand mobile banking and blockchain technologies.

Robert’s broad expertise and leadership abilities as Chief Technology Officer of GreenBox will be critical in developing advancements for Generation 3 and future generations of GreenBox payment processing technology. He’ll also make sure that technology acquired from companies like ChargeSavvy and Northeast Merchant Services is easily incorporated into the GBOX’s product line, enhancing GreenBox’s capabilities.

Fredi Nisan, Chief Executive Officer of GreenBox POS stated,

Robert offers to GreenBox POS significant technological experience and strong leadership, which is precisely what they need at this point for their company’s development. Robert will play a key role in designing and supervising the technology roadmap since he has over two decades of experience in driving innovation via transformative changes in business architecture, strategy, operations, and technology. This enhances their growth strategy to build their core blockchain business and generates long-term value for their investors.

The committed GreenBox team has made significant gains as a disruptive force in the payment processing market, and he was thrilled. Their desire to offer safe, fast digital payments to the globe is like mine. He is hoping to work closely with Ben and Fredi, as well as the rest of the group, to advance their technology and help chart its long-term trajectory.

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