GreenBox POS, LLC’s (GRBX) Acquisition of Sky Mids Technologies Expected to Accelerate the Pace of Processing Business Applications

  • Sky Mids Technologies’ transactional book of business, capable of processing more than $1 billion annually, will be added selectively to GRBX’s infrastructure volume
  • GRBX sees fast implementation of additional joint capabilities, as the two companies have already worked together; Sky has been using GRBX’s QuickCard blockchain-powered payments system
  • The acquisition enhances the onboarding process of the GRBX platform by incorporating the technology and advantages of Sky’s system

GreenBox POS, LLC’s (OTCQB: GRBX) acquisition of Sky Mids Technologies brings together two companies that have already worked together in payments processing, ensuring a quick start to their transition (http://nnw.fm/Dvk3u). It also brings to GRBX Sky’s book of transactional business, capable of processing greater than $1 billion annually, which will be added to GRBX upon review. GRBX has already commenced onboarding Sky’s book of business onto its infrastructure.

In a news release, Ben Errez, Executive VP of GRBX, said…

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